UTrade Solicited $27m Using Fraudulent Means, Israeli Watchdog Says
Posted: Tue Apr 18, 2017 7:54 am
An important precedent was set today in the Israeli market where for the first time the financial regulator recommended criminal charges against a former forex broker.
Prof. Shmuel Hauser, Chairman of the Israel Securities Authority (ISA), has instructed to advance the investigation case in the matter of UTrade and Aviv Talmor, its owner and CEO, to the Tel Aviv District Attorney (Taxation and Economics), for considering filing charges against those involved.
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The ISA says that the investigation found sufficient evidence of criminal offences, including fraud, ... (read more)