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Industry News, Retail FX

Chairman of Israeli regulator: “Binary options is harming Israel’s reputation in an extreme way”, plans quash entire industry

Professor Shmuel Hauser, Chairman of the Israel Securities Authority, considers it his responsibility to quash the binary options fraud that is proliferating across the world, deeming it “far more cynical than gambling, as these firms are misrepresenting themselves as legitimate financial enterprises, lying about their whereabouts, rigging their trading platforms and therefore engaging in theft.”

Opinion, Week in Review

Cutting and running: The euphoria and the damage. Op Ed

It will no doubt come as very good news indeed that the binary options business is beginning to be suffocated by the global regulator and government level discourse against it, as well as the public awakening, in that the shadow cast over our industry by it is likely to disappear, however the damage done will take time to repair

Industry News, Retail FX

Israeli regulatory chief requests power from Attorney General to finish off the entire binary options business globally

Shmuel Hauser, the Chairman of the Israel Securities Authority, has asked Israel’s Attorney General to amend the law to make it illegal for all firms to market or produce binary options products from Israel. The end may well be nigh, and the real FX and electronic trading industry with bona fide business across the world can breathe a sigh of relief.