The broker’s parent company EZTrader sells part of the securities and debt securities of YAII PN Ltd. The application to the US Securities and Exchange Commission (SEC) has already been filed.
The companies have already signed an agreement on the sale of part of the assets – YAII PN Ltd., headquartered in the Cayman Islands, will acquire shares worth $ 10 million, as well as bills worth $ 1 million.
EZTrader’s financial situation is deteriorating sharply. The company is keen to enter into sponsorship agreements, even managed to double the amount of client funds for the current year. But the broker’s operating costs increased accordingly by 50%.
But despite the obvious successes, the company’s revenue fell. In the first nine months of the current year, it amounted to $16.5 million, which is against $19.5 million in the same period last year. All this is a consequence of the changes made in the regulatory framework of Europe and the tightening of regulation of binary options in general.
