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DBpedia 2014

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Matches in DBpedia 2014 for { ?s ?p Banc De Binary, formerly known as BO Systems Limited and also known as BDB Services Limited and ET Binary Options Ltd., is an Israeli-Cypriot based enterprise specializing in binary options(also known as fixed return options) on assets including commodities, stocks, indices, and foreign exchange.The company operates an online trading website through which customers can buy or sell binary ("call" or "put") options, predicting whether the price of a certain commodity will go up or down in a specific time period. Banc de Binary customers do not execute their trades via a regulated exchange, but are 'betting' against the firm itself, and the firm only profits if the client loses. Banc de Binary is an associate of Spot Option Exchange which sets the price of the option. The price of the option is not a market price, but is set by Spot Option Exchange itself..The company has been charged with several offences by the CTFC and SEC, and trading with US customers has been frozen following an injunction on 1 August 2013. Charges filed on 7 August in the US stated that Banc de Binary and Oren Shabat Cohen "may be criminally liable under the federal RICO statute". Oren Shabat Cohen and Banc de Binary have refused to appear in court in the US for depositions. Within the European Union, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC).The Wall Street Journal described it as "a website that allows people to bet on the price of gold, oil or stocks"; the Daily Mail called it a "betting firm".. }

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