Breaking: 24Option Fined €140,000 by Financial Watchdog in Belgium
Posted: Sat Aug 13, 2016 1:56 pm
When you are one of the largest binary options brokers in the world it is not uncommon to draw fire from regulators for practices used by many others in the industry. This can be seen as the Belgian Financial Services and Markets Authority (FSMA) reached a settlement agreement with 24Option (operating via CySEC licensed Rodeler Limited) for €140,000.
The Belgian move closely follows the French watchdog’s ban on 24Option, after the broker failed to comply with certain professional obligations.
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The Belgian watchdog explains that even under EU ... (read more)