Binary options brokers are usually operating in a shady regulation environment and often walk the thin line of lawlessness. They are advertised as a fast way of earning easy money, without having any previous investment and trading experience – just by clicking with the mouse. But first you have to send the brokers your hard-earned money. The sad tales of people losing their life’s savings abound. The national regulators issue warnings and are making efforts to curb and regulate the binary options brokers’ activities, but often to no avail.
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. – The warnings about unregulated binary options brokers pile up on a weekly basis and usually the offenders are the same. They change names, locations, or sometimes don’t even bother to pretend they are a different company. The gullible and greedy abound and as long as they exist, someone will find a way to take their money.
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. The sums vary, generally depending on the seriousness of the violations, but also on who’s imposing them. It seems that the US regulators are merciless and seek sums ranging in the millions, while the other regulators are more humble.
https://smnweekly.com/2016/10/18/largest-fines-imposed-on-binary-options-brokers-in-2016/
https://smnweekly.com/2016/10/18/largest-fines-imposed-on-binary-options-brokers-in-2016/
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. – The warnings about unregulated binary options brokers pile up on a weekly basis and usually the offenders are the same. They change names, locations, or sometimes don’t even bother to pretend they are a different company. The gullible and greedy abound and as long as they exist, someone will find a way to take their money.
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. The sums vary, generally depending on the seriousness of the violations, but also on who’s imposing them. It seems that the US regulators are merciless and seek sums ranging in the millions, while the other regulators are more humble.
https://smnweekly.com/2016/10/18/largest-fines-imposed-on-binary-options-brokers-in-2016/
https://smnweekly.com/2016/10/18/largest-fines-imposed-on-binary-options-brokers-in-2016/