During the meeting with the 27 EU counterparts to the Chairman of the Israeli securities Hauzeru Shmuel had to answer tough questions about when the Israeli authorities finally banned the flourishing trade binary options that feeds thousands of Israelis.
Hauzeru cited “concerns of European countries the participation of Israeli companies in selling binary options trading Europeans“ and recalled that the activities of suchfirms, often accompanied by deception and fraud “over 90%“ investors lose money, reports the Times of Israel. Hauser has assured European colleagues shared their concerns and will do everything to put an end to fraudulent business, reports Globes.
Sell binary options to residents of Israel Securities Department banned back in March of last year. However, the sale of the goods “to foreign audiences still is considered in Israel as legitimate. Securities Department for almost a year, says European colleagues in his hot desire to stamp out fraudulent and promises are about to amendsecurities law amendments, which would allow him to do so.
But the case has not yet got off the ground, and victims of Israeli Internet scams every day thousands of unsuspecting “investors“ from different regions of the world.
Public campaign for a total ban of trade binary options, causing enormous damage to the reputation of Israel in the world, tried to start a Russian activist Ariel Marom,however, faced with threats, it counted for the best leave this topic.
Early last year the campaign anew beginning reporter English-language online newspaper Times of Israel Simon Vajnglass. Learn what constitutes the highest paid and mass work, which involved upon arrival in Israel, many immigrants from Western countries, the journalist uncovered a dirty kitchen trade binary options in the investigation of the Wolves of Tel Aviv.
The staff of such companies, calling herself “brokers” and convincing clients to invest “, actually sucked people into gambling roulette type, but at the same time, as saidby one of the former employees of such company,“ least Casino give winning immediately, and in Forex–companies customers often face a complete inability to get their money and get out of the game, moreover, many companies falsifying the results of the “trades” using special computer algorithms.
The campaign against “branch of national shame, launched Vajnglass and Times of Israel, quickly brought the first fruits. Securities Department, Knesset members and even the Office of head of Government condemned a dishonest business.
The HeadOffice of securities Shmuel Hauser called it a “disgusting fraud” and “problem on a national scale. In early January, the Knesset held a hearing on this topic. However, the police, to play a key role in the fight against fraud, has ignored the invitation to these hearings, and securities not called deputies, no specific timetable for the implementation of its promises.
1 February on English-language Web site of the Office published “explanations“ on the topic of binary options. Saying that this “trade” is essentially a form of gamblingand Israel banned the regulator once again lamenting that does not have the powerto extend the ban and firms with foreign customers, and had nothing to do with “criminal elements“ that use such trading platforms». “If the use of these platforms is acriminal offence, this should be dealt with by the Israeli police,” explained.
22 February, the Knesset State control is going to hold a second hearing on the ban of trading binary options. Securities management may develop to this date promised amendments to the law. For information Vajnglass Simone, profitable industry spends a lot of money on lobbying and has influence in the Knesset, it is expected thatthe amendments will be easily accepted.