Russian Authorities Charge Search Engine Yandex for Forex Advertising

[kreslik.news]

According to a statement from the Russian self-regulatory organization AFD (Association of Forex Dealers), Russian authorities are taking legal action against local search engine Yandex. The company is getting charged because it facilitated the advertisement of foreign forex brokers which are not regulated by the Bank of Russia.

This is the third case of the AFD against Yandex after it lost the first trial and still is awaiting the final decision of the court on the second one. The self-regulatory organization includes all of the brokerage’s that are regulated in Russia and are allowed to target Russian ... (read more)