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PLAN OF DISTRIBUTION
https://www.sec.gov/litigation/admin/2023/34-97856-dp.pdf
EZTD Inc.: ADMINISTRATIVE PROCEEDING File No. 3-17673
ORDER APPOINTING
FUND ADMINISTRATOR
AND SETTING BOND
AMOUNT
https://www.sec.gov/litigation/admin/2020/34-88454.pdf
On November 10, 2016, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order (“Order”) against EZTD Inc. (the “Respondent”). In the Order, the Commission found that between June 2001 and August 2014, the Respondent made offers and sales of binary options to U.S. customers through two online trading platforms, eztrader.com and globaloption.com. These binary options constituted securities under the federal securities laws. The Respondent, however, failed to register any of its offers and sales of binary options with the Commission and it failed to register with the Commission as a broker-dealer. The Commission ordered the Respondent to pay $1,773,549.00 in disgorgement, prejudgment interest, and a civil money penalty to the Commission. The Commission also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty, along with the disgorgement and interest, can be distributed to harmed investors (the “Fair Fund”). The Fair Fund includes the $738,980.00 paid by the Respondent.
Any additional funds received from the Respondent pursuant to the Order will be added to the Fair Fund.
The Division of Enforcement now seeks the appointment of KCC, LLC (“KCC”) as the fund administrator and requests that the administrator’s bond be set at $738,980.00. KCC is included in the Commission’s approved pool of administrators.
Accordingly, IT IS HEREBY ORDERED that KCC is appointed as the fund
administrator, pursuant to Rule 1105(a) of the Commission’s Rules of Fair Fund and Disgorgement Plans (“Commission’s Rules”),2 and shall obtain a bond in accordance with Rule 1105(c) of the Commission’s Rules3
in the amount of $738,980.00.
For the Commission, by the Division of Enforcement, pursuant to delegated authority.
Vanessa A. Countryman
Secretary
$EZTD: Should be a Bitcoin Trading Platform
Its right in their wheelhouse.
GO $EZTD
Slapped 10k of the ask, this one can fly with a hint of news.
$EZTD: Good timing there........ Low floater to roll
Well over $1....... in a matter of time
Now at $0.05
GO $EZTD
$EZTD: EZ-invest Japan
https://www.ezinvest-sec.jp/
https://www.f-marinos.com/en/news/detail/2017-01-15/02.php
GO $EZTD
$EZTD: S.Korea investing $1Billion in Fintech/Blockchain Startups by 2022
Nice advantage for $EZTD on this..
https://cointelegraph.com/news/south-korean-capital-to-invest-over-1-billion-in-fintech-and-blockchain-startups-by-2022
GO $EZTD
$EZTD: True.. its a Miniscule Float
Not much talk.
Very quiet on it.
But the business is alive and kicking.
A steal here at $0.03 right now.
GO $EZTD
Obvious whats going on here.
I'm out.
GLTA.
Small float no shares maybe.
Whats happening?
No idea. All i know is 100 shares just moved it from .093 to .25 so clearly this can move on air. Just needs volume.
Does anyone have information on what is going on right now.
Back at .10 on a 100 shares so it's alive
$EZTD: Doing pretty good actually..... LOL
Thanks for asking.
Its actually more than 150k ... added more on this dip so
now up to 255k.
How many tickets do you have on this train ? Probably not
as many as me.
Just watching folks on the $DIGAF board going nuts on their
recent uptick but the share structure here is much more favorable.
L2 on $EZTD is still nice and thin to the upside.
Only need some small blocks to take out the asks and this easily roars
well over several dollars.
Rome wasn't built in a day.... but some people still think it was :)
GO $EZTD
This is true. Enjoy your weekend cheers
$EZTD: Its a Toughday-ToughWeek Everywhere on the MARKETS
Just have to identify the low lying upside winners.
$EZTD still hasn't receieved the attention it deserves.
But its not getting killed like the Majors out there.
Early days here.
App and Service for EzINVEST.com is LIVE
GO $EZTD
That $100 would be worth about 20 bucks now lol
Bid whack with a large spread on low volume
Not much of a huge spike today. Need more eyes on this
Surprised that there aren't many eyes on this yet!
$EZTD: Complete Terms & Conditions of EZInvest.com
https://www.ezinvest.com/Assets/Docs/Terms___Conditions.pdf
GO $EZTD
$EZTD: Download EZ-Mobile-Trader on your Android Phone
https://play.google.com/store/apps/details?id=com.sirixtrader.mobile_ezinvest
I plan on doing so also.
$EZTD: Screenshot of EZInvest Forex-Trading-DESK
Education
EZinvest’s educational offering consists of some interesting features. The site itself offers a free “eCourse” to train traders in several crucial elements of trading: trade psychology, research and planning, market analysis, and solutions and planning. The content consists of webinars and video tutorials as well as more traditional static formats. The site also offers a page of trading basics, which frankly is very limited. However, there is another page consisting of video tutorials on a very wide range of topics, which compensates for that.
It is also worth noting that the broker’s website provides free daily market analysis and an economic calendar. Account holders also receive extra private material consisting of news and signals.
Bonuses and Promotions
Until December 2016, EZinvest offered several bonuses and promotions. However, these were banned by CySec, the Cypriot regulator, and so the brokerage was forced to cancel these offerings as long as it is regulated by CySec.
Deposits/Withdrawals
Depositing funds into a EZinvest account seems to be a fairly secure process. Funding can be done using a range of credit cards, as well as CashU, Moneybookers, Neteller, Skrill, Webmoney, and wire transfer. Withdrawals can be made through exactly the same methods.
We are not aware of any specific limitations relating to amounts, frequencies and required base currencies of deposits and withdrawals. Account openers are advised to check the small print in the broker’s terms of service conditions for details.
Customer Support
Customer support is based in Cyprus, but there are dedicated lines for several countries offering support in local languages, these being Germany, Italy, France, Cyprus and the U.K. Traders can contact an EZinvest representative by telephone during business hours and can use email anytime of the day. Chat is also available as a communication channel. As mentioned previously, just because EZinvest lists ways to contact them doesn’t mean that they will reply, which is an immediate cause of concern for us, and should be a red flag for anyone thinking of investing their own capital with the company.
Conclusion
EZinvest seems to have a wide and well-rounded offering for traders looking to trade CFDs on commodities and indices and individual leading stocks, as well as Forex currency pairs. They are a regulated firm which means that trader funds will likely be protected, but it may be risky to deposit funds with a broker that has a poor track record for responsiveness.
I Plan on snagging some more if volume is still there
Everyone is holding shares? Still trying to get filled between .16 and .22. Pretty large spread.
$EZTD: Apr-6,2016 1-for-30 RS
Float on Oct.22, 2015 15.3Million
15.3Million / 30 = 500k Float
Annual Revenues of $16.5Million
https://www.leaprate.com/news/binary-options-broker-eztrader-raising-11-yorkville-advisors/
GO $EZTD
$EZTD: Japan Self-Regulating CryptoTrading.
$EZTD getting its Japanese Licence isn't just a coincidence after all.
EZTrder could really profit from this news.
Massive growth opportunity.
https://www.coindesk.com/japanese-crypto-exchange-group-gets-legal-status-to-self-regulate-industry/
GO $EZTD
Would love to get some weak hands unload shares at 10cents to me ?? one can wish and hope...
$EZTD: CFGN playing games about to get SMOKED
Its pent up.
Very impressive volume and continued buying here.
Loading more in the TEENS.
GO $EZTD
20cent seems to be the loading area for next leg up. Getting some nice fills around 0.20. Locking and loading..
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EZTD Inc. operates several successful binary options and Forex platforms, in Europe and the UK. The company develops, owns and runs its own binary options software and have been pioneers in the online binary options industry since its inception. The EZTD Inc. trading platforms are fully regulated binary options platforms operating under the authorization of the Cyprus Securities and Exchange Commission (CySEC).
Targeting the global trading community, our brands enjoy the safest, most robust and advanced technology available today. Customers can trade on an array of more than 120 financial assets, including Stocks, Indices/Futures, Commodities and Foreign Currencies which are quoted on leading financial markets around the world.
EZTrader was launched in 2008. EZTD, Inc. also owns and operates EZInvest.com.
In addition to the superior software, there is a strong focus in all brands on ease of use and transparency. The brands are particularly popular for their high levels of education and the wealth of useful information available to users.
Professional and friendly customer service and one-on-one training sessions are available to all customers making our brands the perfect platforms for both new and experienced traders.
EZTD Inc. Business and Trading Update and Listing on OTC Bulletin Board
Positive adjusted EBITDA of $730,000 and total revenues of $19.5 million
(Tel Aviv, ISRAEL; November 30, 2015) EZTD Inc. (OTCQB: EZTD) (“EZTD” or “the Company”), a worldwide leader of online binary options trading, is pleased to announce that its common stock has been approved for quotation on the U.S. over-the-counter bulletin board (OTCBB) and to provide an update on its business and trading for the nine-month period ended September 30, 2015.
Business and Trading Update
EZTD has developed and currently operates an online trading platform allowing retail customers to trade a wide range of binary options internationally with more than 100 different assets. The Company’s proprietary trading platform is accessible from multiple operating systems (Windows, Safari, iOS and Android, and mobile apps). It is designed to be as intuitive and user-friendly as possible.
During the nine-month period ended September 30, 2015, the Company invested in new sponsorships and increased its investments in brands and new technology.
The Company generated revenues primarily from its binary options business. The Company’s total revenues for the nine months ended September 30, 2015 increased by 36% to approximately $19.5 million, from approximately $14.3 million for the nine months ended September 30, 2014. This growth is mainly due to the Company’s increased spending on customer acquisition, website development, R&D and marketing.
In addition, the Company reported positive adjusted EBITDA of $730,000 for the nine months ended September 30, 2015, while in the nine months ended September 30, 2014 the Company had negative adjusted EBITDA of $1.1 million.*
“We are delighted to have commenced trading in the public marketplace and are committed to providing our investors with information on the Company and the progress it makes,” said Shimon Citron, EZTD’s Chief Executive Officer. “We look forward to continuing to provide excellent service to all of our customers and we expect to finish 2015 with approximately $25 million in annual revenues,” Citron concluded.
* See ‘Reconciliation of EBITDA and Adjusted EBITDA to Net Income’ below.
About EZTD Inc.
Launched in June 2011, EZTD (EZTRADER Inc.) is one of the pioneers of secure and regulated online binary trading and maintains its position as a leading, reputable and reliable binary options platform. The Company offers 24/7 trading on more than 120 assets including commodities, stocks, currency pairs and indexes.
Currently available in more than 11 languages, the Company is growing rapidly and continues to seek exciting opportunities to further enhance its presence throughout Europe. The Company’s advanced mobile app is user-friendly and secure, and is available for both Android and iOS-compatible smartphones and tablets. EZTD is a sponsor to some of the leading sports teams in Europe. The Company is authorized by CYSEC throughout Europe.
Enquiries
Luther Pendragon | |
Alexis Gore | +44 207 618 9100 |
www.eztd.info
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RECONCILIATION OF EBITDA AND ADJUSTED EBITDA TO NET INCOME
U.S. dollars in thousands.
Nine months ended | ||||||||
September 30, 2015 | September 30, 2014 | |||||||
Unaudited | ||||||||
Net loss | $ | (3,711 | ) | $ | (7,261 | ) | ||
Add: Financial expenses, net | 2,229 | 755 | ||||||
Add: Income taxes | - | - | ||||||
Add: Depreciation and amortization | 325 | 143 | ||||||
Add: Impairment of bank deposits | - | 4,122 | ||||||
EBITDA | (1,157 | ) | (2,241 | ) | ||||
Add: Other (income) expense | 608 | - | ||||||
Add: Stock-based compensation | 1,279 | 1,182 | ||||||
Adjusted EBITDA | $ | 730 | $ | (1,059 | ) |
The table above reconciles net income to EBITDA and Adjusted EBITDA. EBITDA is defined as net income before net interest expense, income taxes, depreciation and amortization and a one-time expense of a non-recurring loss due to the bankruptcy of Corporate Commercial Bank in Bulgaria, which is not relevant to forward-looking analyses and is not linked to the Company’s operational performance. Adjusted EBITDA is defined as EBITDA before other operating expenses related to the acquisition of a subsidiary in Japan and a regulatory fine, and expenses related to stock-based compensation. Although EBITDA and Adjusted EBITDA are not measures of performance calculated in accordance with GAAP, management believes that they are useful to the Company and to an investor in evaluating the Company because they are widely used measures to evaluate a company’s operating performance.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001175442&owner=exclude&count=40
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