EZTD Inc. Announces Settlement with the SEC
EZTD Inc. (OTCQX:EZTD) today announced that it has reached a settlement with the United States Securities and Exchange Commission resolving its investigation into EZTD's sale of binary options in the United States between 2011 and 2014. The SEC’s investigation concerned historical business operations. EZTD closed its platform to new U.S. customers in January 2014, and the platform was completely closed to U.S. customers before the end of the third quarter of 2014. Accordingly, the SEC's investigation did not relate to EZTD's current business operations.
As part of the settlement, EZTD agreed to pay a $200,000 fine and to pay $1,515,858 in disgorgement reflecting revenues earned during the period in which EZTD operated its binary option platform in the United States. EZTD previously reserved for these amounts in its financial statements.
The SEC's investigation concerned whether binary options sold by EZTD to customers in the United States during the period between 2011 and 2014 were securities under the securities laws of the United States.
In the United States, binary options are currently traded on Nadex and the Cantor Exchange both of which have been approved by the United States Commodity Futures Trading Commission as a Designated Contracts Market.
Shimon Citron, Chief Executive Officer of EZTD, commented on the resolution with the SEC saying, "We are glad to amicably resolve these issues with the SEC regarding our historical business operations. The Board of EZTD continues to work on creating value for its shareholders."
Mr. Citron further added, "Although our business continues to focus on Europe and Japan, we would very much like to expand to the United States using approved regulatory pathways."
Launched in 2011, EZTD Inc. (F/K/A EZTRADER Inc.), www.eztd.info (United States) (“EZTD”) is one of the pioneers of secure and regulated online binary trading, and maintains its position as a leading, reputable and reliable operator of a proprietary business-to-consumer binary options platform. EZTD offers 24/7 trading on more than 120 assets including commodities, stocks, currency pairs and indices. Currently available in more than 11 languages, EZTD is growing rapidly and continues to seek exciting opportunities to further enhance its presence throughout Europe and Asia. EZTD’s advanced mobile app is one of the most user-friendly and secure trading apps and is available for both Android and iPhone. EZTrader.com is wholly-owned and operated by EZTD’s wholly-owned subsidiary, WGM Services Ltd., which operates throughout Europe. EZTD also operates in Japan through its wholly-owned subsidiary, EZInvest Securities Co. Ltd.
Safe Harbor Statement
This press release contains forward-looking statements. In some cases these forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believe,” “anticipate, “expect,” “plan,” “may,” “will,” “should,” “potential,” or in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. For example, forward-looking statements are used in this press release in reference to creating value for shareholders and the company’s potential expansion into the United States. These forward-looking statements and their implications are based on the current expectations of the management of EZTD only, and are subject to a number of factors and uncertainties, many of which are beyond the control of EZTD, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. EZTD undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting EZTD, reference is made to the heading "Risk Factors" in EZTD's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Chief Operating Officer
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Energy Through Education! The Renewables Academy AG (RENAC) Celebrates 10 Successful Years of Disseminating Know-How on Renewable Energy and Energy Efficiency around the World22.3.2018 08:00 | Pressemelding
The Renewables Academy AG (RENAC), based in Berlin (Germany), is very proud to celebrate its 10th anniversary. Since its founding in 2008, RENAC has become an important and innovative provider of international trainings and capacity building for renewable energy and energy efficiency all around the world. More than 10,000 participants from over 140 countries have joined RENAC programmes. In 2008, Berthold Breid, RENAC’s founder and director, had the dream to support the international development of green energy markets through know-how transfer and exchange of expertise on renewable energy and energy efficiency. “Knowledge is one of the key factors for the sustainable development of clean and secure energy supplies”, said Mr. Breid. “Through our activities, we aim at satisfying the increasing demand for expertise throughout the public sector, private sector, finance sector, and potential investors in the green energy markets. Thanks to our participants, clients, partners, and, of cours
NTT Communications' SD-WAN Gives McLaren Racing an Edge for 2018 Season22.3.2018 06:00 | Pressemelding
McLaren Formula 1 TEAM (McLaren), a pioneering leader in Formula 1 motor racing for more than 50 years, and NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), announced today that McLaren will adopt SD-WAN (software-defined wide-area network) technology from NTT Com to connect the McLaren Technology Centre with racing circuits in 21 countries during the 2018 season. The decision follows a successful test deployment of the technology during the 2017 Japan Grand Prix, when McLaren was able to send 100GB of data during a race from Japan to the UK via NTT Com’s SD-WAN. NTT Com’s SD-WAN uses software to control the WAN, providing McLaren with quick, secure, reliable and flexible management of data traffic flows. A variety of traffic can be sent via different connections, such as internet, mobile and MPLS, depending on time, priority and current network speed. This flexibility allows the priority routing of
Home to the Cloud: e-shelter Continues to Expand and Announces It Will Open Another Data Center Campus in Frankfurt in Early 201922.3.2018 02:06 | Pressemelding
e-shelter, a leading data center provider in Europe and an NTT Communications Group Company, has today announced the acquisition of new development site in Frankfurt, which will be its 4th location in the city. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180321006285/en/ The expansion comes on the back of strong customer demand in Frankfurt, as market leader, e-shelter already operates 3 sites across the city, including Europe’s largest data center campus, Frankfurt 1. The “Frankfurt 4 Data Center” campus is located in Hattersheim in the west of the city and will feature 5 DC buildings built out in phases, with the first building of 9.7MW IT load scheduled to open in early 2019. Once fully built out, the site is capable of housing up to 60MW IT load and 24,000 sqm of IT space, supporting an average power density of 2.5 kW/sqm. The new facility will follow e-shelter’s successful business model – offering both wholesale and
Digi Communications N.V.: Convocation of the Company’s General Shareholders Meeting for 2 May 2018 for the Approval of, among Others, the 2017 Annual Report and of the 2017 Financial Statements21.3.2018 19:05 | Pressemelding
The Company would like to inform the market and its investors that today, 21 March 2018, the Board of Directors of the Company convenes the general shareholders meeting of the shareholders (the “GSM”) of the Company (Digi Communications N.V.), to be held on Wednesday, 2 May 2018 at 12:00 p.m. CEST, at Radisson Blu Hotel Amsterdam airport, Boeing avenue 2, 1119 PB Schiphol-Rrijk, The Netherlands. The main topics for the GSM are the following: discussion and approval items on the Annual Report 2017 (including the annual report, the financial statements (consolidated and stand-alone) and the auditor report); appointment of the statutory auditor for the year ending 31 December 2018; approval for the distribution of a gross dividend of 0.35 RON per share; ex-date – 21 May 2018, reference date – 22 May 2018, and the payment date – 29 May 2018; designation of the Board of Directors as the competent body to repurchase own Class B Shares; approval of award of stock options and shares to executi
Pandora to Acquire Leading Digital Audio Ad Tech Firm AdsWizz21.3.2018 13:00 | Pressemelding
Pandora (NYSE: P), the largest music streaming service in the U.S., today announced it will acquire AdsWizz, the global leader in digital audio ad technology. The addition of AdsWizz will upgrade Pandora’s ad tech capabilities, provide its advertisers with greater audience reach, and expand the company’s revenue opportunities. AdsWizz is one of the few ad tech firms that is completely dedicated to digital audio, serving some of the largest players in the industry. With digital audio advertising growing 42% year-over-year, according to the IAB, the combined offering of Pandora and AdsWizz will capitalize on this trend, while making it easier for publishers to monetize their inventory, and for advertisers to buy and measure their campaigns. “Since I joined Pandora six months ago, I have highlighted ad tech as a key area of investment for us. Today we took an important step to advance that priority and accelerate our product roadmap,” said Roger Lynch, CEO of Pandora. “With our scale in a
Fintech Entrepreneur and myPOS Founder Christo Georgiev Reveals Plans to Set Up a Chain of myPOS Stores across Europe21.3.2018 12:51 | Pressemelding
Founder of myPOS, Christo Georgiev announces plans to open myPOS flagship stores across Europe in an effort to bring the service closer to its customers. Designed for small and mid-sized businesses, myPOS offers affordable payment acceptance tools, winning the trust of over 40,000 enterprises across the EEA & Switzerland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180321005596/en/ An interior view of the myPOS London Store (Photo: Business Wire) Until now, the operational framework of myPOS included a network of promoters in almost every European country and an online store, owned and operated by myPOS. The next logical step was to sell through physical stores. On 8th February 2018, myPOS opened doors to its first flagship store, located on 36 Knightsbridge, London and marked the beginning of a new era for myPOS. Soon after, plans were revealed for other openings in Europe with another location coming up on 5th April 201