LeapRate has learned from regulatory filings that binary options brokerage group EZTD Inc (OTCMKTS:EZTD) is parting ways with its CFO Itai Loewenstein (pictured above).
EZTD operates binary options brands EZTrader (at website eztrader.com), Global Option (globaloption.com) and EZinvest (ezinvest.com).
Itai Loewenstein joined EZTrader just last year after acting in the CFO role for a number of Israeli consumer products companies including Willi-Food International and Osem Nestle Israel.
According to the filings Mr. Loewenstein’s departure was agreed to on November 30 and is effective immediately. The departure was mutual, and was without cause. No replacement has yet been named as CFO.
EZTD has sustained large losses this year totaling more than $11 million in the first nine months of 2016, leading the company to continually need to raise more money to remain in business.
The day before Mr. Loewenstein’s departure was agreed to, EZTrader announced its latest capital raise, receiving an $11 million investment commitment from alternative investment firm Yorkville Advisors.