CySec announces that Banc De Binary Ltd renounced its authorization 

CySEC

The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 9th January 2017, the Cyprus Investment Firm Banc De Binary Ltd (the ‘Company’) renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007 (the ‘Law’).

As stated in the renouncement letter of the Company, which provided investment services via the domain eu.bancdebinary.com, its authorization with Νumber 188/13 lapses as from 15th of January 2017.

It is noted that, in accordance with section 25(4) of the Law, Banc De Binary Ltd remains under the supervision of the CySEC until it settles its obligations arising from the investment services or/and activities that will lapse.

Source: CySec – announcement-01-11-2017-renouncement-of-the-authorization-of-banc-de-binary

OneStopBrokers yesterday 10/01/2017 published an announcement by the international law firm Giambrone informing that the law firm investigates multiple complaints against Banc de Binary.

Read the post HERE

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