Industry Insights

Israel Totally Bans Binary Options Trade

Yesterday, the Knesset, the Israeli parliament, voted 53-to-0 to adopt a new binary options law, which now goes to the countrys president for his signature. It will enter into effect in three months, during which time all existing binary options comp

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Britain Shuts Down Magnum Options

Britain’s Insolvency Service has successfully shut down a major unlicensed and unregulated online binary options brokerage, Magnum Options EU, which had been operated by Bulgarian-registered Hampshire Capital Ventures Ltd. and its successor, Solaris Vision Ltd.

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John F Kennedy International Airport Terminal 1

An Arrest in New York

Today, the FBI arrested Lee Elbaz, CEO of the Israeli binary options company Yukom Communications, upon her arrival at JFK Airport in New York. The charge: securities fraud. She is soon expected to be indicted and put on trial and faces up to 40 year

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Canadian Securities Administrators (CSA) Logo

Canada Bans Binaries

Congratulations to Canada, which has now become the latest country to adopt regulations that are designed to cripple fraudulent online binary options schemes.

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