Securities & Exchange Commission v. Banc de Binary Ltd.

Filing 40

ORDER Granting 38 Plaintiff's Motion to Amend/Correct 1 Complaint and Granting 37 Plaintiff's Motion for Leave to Appear for Attorney Amy J. Longo for Securities & Exchange Commission. Plaintiff may file the proposed first amended complaint. Signed by Judge Robert C. Jones on 01/10/2014. (Copies have been distributed pursuant to the NEF - AC)

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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SECURITIES AND EXCHANGE
COMMISSION,

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Plaintiff,
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vs.
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BANC DE BINARY LTD.,
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Defendant.
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________________________________________ )

2:13-cv-00993-RCJ-VCF
ORDER

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This case arises out of the alleged trading of unregistered securities. The Court has

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entered a preliminary injunction, ruling that although they are not in fact options, the “binary

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options” Defendant is alleged to sell are “securities” under the Securities Exchange Act of 1934,

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as amended. Plaintiff has asked to amend the Complaint to add Oren Shabat Laurent as a

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Defendant. According to Plaintiff, Mr. Laurent is the founder, president, chief executive officer,

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50% shareholder, and executive director of Defendant. Neither Defendant nor Mr. Laurent has

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timely opposed the motion or moved for an extension of time to do so.

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CONCLUSION
IT IS HEREBY ORDERED that the Motion to Amend (ECF No. 38) is GRANTED.
Plaintiff may file the proposed first amended complaint. (See ECF No. 38-1).
IT IS FURTHER ORDERED that the Motion for Leave to Appear (ECF No. 37) is
GRANTED.
IT IS SO ORDERED.
Dated this 9ththday of December, 2013.
Dated this 10 day of January, 2014.

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_____________________________________
ROBERT C. JONES
United States District Judge

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