ISA Fines Israeli Forex Brokerage RFX $35K over Incomplete Reports

[kreslik.news]

The Israeli Securities Authority (ISA) has fined Israeli firm Real Forex (RFX) NIS 125,000 ($35,000). According to the ISA, the forex broker has been found guilty of submitting significantly incomplete reports for the third quarter (Q3) 2016.


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RFX is one of the six brokerages authorized to operate in Israel, but this fine will go down in its disciplinary history. The online trading company failed to maintain its transparency with the ISA. Consequently, the authority’s regulatory work has been hindered, both in observing the trading environment supplied by the ... (read more)