Binary options market news fines,
They are advertised as a fast way of earning easy money, without having any previous investment and trading Binary options market news fines — just by clicking with the mouse. But first you have to send the brokers your hard-earned money. Revocation of licenses is one of the main tools of regulators to bring to heel the binary options brokers, though the lack of license has never stopped the companies from doing business and profiteering. Another, probably more effective tool in disciplining the binary options brokers, are the fines.
The major regulators are not shy of slapping big fines on the offenders as a punishment for violating the law. It seems that the US regulators are merciless and seek sums ranging in the millions, while the other regulators are more humble.
SMN has looked at the largest fines imposed on binary options brokers this year so far. The broker was accused of illegally targeting US residents, without having a license to do so and solicited large sums.
The order came after in February CFTC filed a lawsuit accusing the brokers of offering off-exchange traded binary options to US customers and defrauding them of large sums. Rodeler Ltd. The owner of the binary options brokers 24Option, QuickOption and GrandOption and the 24FX forex broker had been offering trading in forex, binary options, and CFDs in Belgium without publishing a prospectus, as required by local law.