Welcome to the EZTD Fair Fund Website
IN THE MATTER OF EZTD, INC. (formerly WIN GLOBAL MARKETS, INC.)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
File No. 3-17673
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The initial distribution of the Fair Fund took place on August 6, 2024. This distribution is being made in accordance with the Plan of Distribution, approved by the U.S. Securities and Exchange Commission on July 7, 2023, that is located on the Case Documents tab of this website. Claims were calculated pursuant to the Plan of Allocation, which is included as Exhibit A of the Plan of Distribution. If you received a payment in this distribution, please promptly cash your check, as your check will become void on December 4, 2024, i.e., 120 days from issuance. If you require your payment to be reissued, we must receive your reissuance request by this date in order for it to be processed. The funds will no longer be available to be paid to you at the later of either December 4, 2024 or 30 days from the date that you request a reissuance of your payment. If you have questions regarding your check or the initial distribution, please send an email with your questions to [email protected]. |
The United States Securities and Exchange Commission (“SEC” or “Commission”) established a Fair Fund (the "EZTD Fair Fund") in its proceeding against EZTD Inc. (“EZTD” or the "Respondent") described below, to compensate investors who were harmed by the Respondent's conduct described in the Order, in connection with EZTD's offers and sales of binary options to U.S. customers, between June 2011 and August 2014.
BACKGROUND
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 Cease-and-Desist Order (the "Order") against EZTD Inc. In the Order, the Commission found that between June 1, 2011 and August 31, 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 Respondents also made statements on the trading platforms that misstated or omitted to state the true financial risk associated with investing in the firm's binary options. The Commission ordered the Respondent to pay $1,515,858 in disgorgement, $57,691 in prejudgment interest, and a $200,000 civil money penalty, for a total of $1,773,549, 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 paid, along with the disgorgement and interest paid, can be distributed to harmed investors (the "Fair Fund").
PARTICIPATION
To be considered for eligibility to receive a Distribution Payment under the Plan, you must access the Certification Form on this website with your Claim Number and PIN. All submissions must be received by October 3, 2023. If you are unable to access the online Preliminary Claimant Certification Form or would prefer to submit a paper copy of the certification form, please immediately contact the Fund Administrator by phone at 1-855-660-1130 or by email to [email protected]. A paper copy of the certification form will be provided upon request.
FUND ADMINISTRATOR
On March 23, 2020, the Commission appointed KCC, LLC, as the fund administrator for the Fair Fund (the “Fund Administrator”). The Fund Administrator is responsible for administering the Fair Fund in accordance with the Plan.
PLAN APPROVAL
On July 7, 2023, the Commission approved a Plan of Distribution for the EZTD Fair Fund (the "Plan").