SEC charges EZTD with misleading investors
10/11/2016 20:51
WASHINGTON, Nov 10 (Reuters) - Israeli-based firm EZTD Inc
EZTD.PK must pay more than $1.7 million for misleading
investors into trading binary options over the internet, the
U.S. Securities and Exchange Commission said on Thursday.
EZTD failed to disclose on its trading platforms that there
was significantly greater potential for investors to lose rather
than earn money, the SEC said in a news release.
EZTD agreed to forfeit approximately $1.5 million in
revenues obtained from U.S. customers and pay a $200,000
penalty, the SEC said.
(Reporting by Eric Beech; Editing by Eric Walsh)
((eric.beech@thomsonreuters.com; 202-898-8322; Reuters
Messaging: eric.beech.reuters.com@reuters.net))
Keywords: EZTD SEC/