Federal Court Orders Banc de Binary Ltd., ET Binary Options Ltd., BO Systems Ltd., BDB Services Ltd. & Oren Shabat Laurent to Pay More than $9 Mln in Restitution & a Civil Monetary Penalty for Violating the CFTC’s Ban on Off-Exchange Binary Options Other enforcement

CFTC release 7336-16 · 2016-03-10 · view on cftc.gov ↗

Key facts

Release number: 7336-16
Release date: 2016-03-10
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7336-16

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.