The Jerusalem Post announces: the Knesset votes to ban the binary options trade. The offenders can quit business or go jail.
As published by The Times of Israel, the recently voted ban gives binary options fraud offenders three months to close their businesses or face jail. The Jerusalem Post announces: the Knesset votes to ban the binary options trade.
The ban of binary options and its associated action by the State of Israel set the condition to take more decisive action toward unfair and fraudulent attempt, foreign trading platforms operating under a license by foreign controls raise questions as to why their jurisdictions should also fall into the ban — primarily if they do not trade with Israeli investors.
Canadian security controls have also recently strengthened their policy against binary options by banning short-term binary options. The central and state law in the United States still does not prohibit binary options, which, to this day, are still very traditional.
The Post-Brexit United Kingdom has a whole new take on the question. As lately published by the Financial Conduct Authority (FCA) one their website, the law of binary options will be changing from 3 Jan 2018.
What does this mean?
The UK’s Gambling Commission has controlled binary options in the United Kingdomssion, meaning no financial controls with the buying of binary options.
Consumers would look for the public register of licensees to find out whether a company has a license or not. This is right away the open the door to neglected financial transactions with no jurisdictional care or payment schemes.
Investors didn’t know their rights. They didn’t think they can get their money back if they would have filed a lawsuit against the binary options firm. What the FCA is expecting to achieve to change that and prevent self-destructive trends and infinite destroyed lives.
Towards a gradual reinforcement
The British financial market suffered a blow with the United Kingdom’s choice to leave the European Union. We have testified the fall of the Sterling and other currencies. CySEC — the control of the European Union’s binary options would no longer control the market.
We can see in FAC’s decision an acknowledgement of the problem. The next question is that FCA was to ban binary options completely. CySEC is still choosing whether or not to ban binary options.
As the debate goes on, many questions are still up. It is necessary for investors to train themselves and for victims to take judicial action. Silence breeds shame and powerlessness. It is essential to break it. Contact our team to discuss about how we can help you regain control by helping you get your capital back.
