Israel Fines an Unlicensed Binary Options Provider for the First Time

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Israel Fines an Unlicensed Binary Options Provider for the First Time

Postby kreslik.news » Tue Nov 15, 2016 11:35 am


The Israeli Security Authority (ISA) revealed today that it issued an enforcement action against a firm for the first time since the passing of new regulations that ban binary options and require licensing from FX brokers. D.G.I. Media Ltd has been fined a total of NIS 500,000 (over $125,000) and its owner and CEO is now banned from holding a similar position for two years.

According to the settlement agreement, D.G.I. Media Ltd admitted operating after the new regulations passed without an ISA Trade Arena License.Gabriel Lavie, the owner and CEO of the firm, received a personal fine of NIS 300,000, out ... (read more)

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