US Regulators Charge Two Israeli Binary Options Brokers of Fraud

[kreslik.news]

Two Israeli companies operating binary options brokers have been charged by the U.S. Commodity Futures Trading Commission with illegally soliciting U.S. clients. Vault Options, Ltd. and Global Trader 365 have been operating in the country without being registered as exchanges as U.S. law mandates.

Both companies have been engaging in solicitation of clients from the U.S. which might prove to be a costly decision for the owners of the firms. According to the charges raised by the U.S. watchdog, the firms have solicited more than 50 U.S. clients to deposit over $1 million in direct violation with the existing financial regulatory ... (read more)