The Cypress Securities and Exchange Commission (CySEC) has announced that Banc de Binary Ltd, a company under CySEC supervision that provides investment services through the website eu.bancdebinary.com has decided to renounce its authorization.
The CySEC has announced by a press release on January 11 2017 that Banc de Binary had decided to renounce its authorization which was suspended on 15 January 2017. The company's authorization has therefore lapsed. The Cypriot regulator indicated in its press release that this company was nevertheless required to honour its obligations during a period of 3 months from 15 January 2017. Banc de Binary Ltd remains under CySEC supervision during this procedure.
Under these circumstances, the AMF recommends that investors who have opened an account on this website immediately send a registered letter to Banc de Binary Ltd and a copy of this letter to the CySEC asking that their account(s) be closed, that they be reimbursed any balances, and, depending on the situation, putting forward a complaint.
Cyprus Securities and Exchange Commission (CySEC)
27 Diagorou Str.
1097 Nicosia, Chypre
P.O BOX 24996
1306 Nicosia, Chypre
Banc de Binary
4, Profiti Ilia Street Internationak Business Centre
Office 401 Germasogeia CY
4046, Limassol, Cyprus
The Autorité des Marchés Financiers is actively engaged in combating the dangers for individual investors of speculative trading on the Internet. It works regularly with the Cypriot regulator to develop controls and sanctions for companies operating under authorisations granted in that country.
If you have any questions:
Please contact the AMF Retail Investor team on +33 (0)1 53 45 62 00 from 9 am to 5 pm, Monday to Friday.
AMF Communication Directorate - Caroline Leau - Tél : +33 (0)1 53 45 60 39 ou +33 (0)1 53 45 60 28