UK Premier League football club Tottenham Hotspur has terminated its sponsorship deal with binary options provider EZTrader Inc. a year and a half ahead of its designated expiration date, Finance Magnates has learned. The club has removed EZTrader’s information from its website in accordance with the contract between the binary options provider and the football club.
The parties announced their two year partnership in early 2016. It was to end with the closing of the 2017-2018 football season.
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In accordance with the sponsorship, EZTrader had been given exclusive advertising rights at White Hart Lane stadium during all Premier League, FA Cup and Europa League matches. Additionally, EZTrader garnered access to the club’s communication channels, matchday programmes, and official website.
No explanation has been given by the club or the company for the decision, and we will update the article when we receive a reply. However, a recent publication may be one of the factors that drove the football club to suspend the sponsorship – a fine that the binary options provider was forced to pay to the US regulator.
Last November, the US Securities and Exchange Commission (SEC) ordered EZTD to pay more than $1.7 million for misleading investors into trading binary options online before January 2014. $1.5 million of the sum was aimed at reimbursing US clients, with an added $200k fine to the regulator. The charges were revealed by the company some months prior to the announcement, with an SEC filing adding specifics to the news. EZTD Inc. manages three binary options brands – EZTrader.com, EZinvest.com, and EZInvest-sec.jp.