Israel prohibits the scamming of foreigners. Prison sentences
for those infringing the new law on binary options.
The Israeli government has revealed its
legal plan to definitively ban binary options from
the Middle-Eastern country. Up to two years in prison can be
expected for transgressors.
The new plan for the law banning Israeli companies and those
brokers taking advantage of a licensce from the country, from
trading binary options abroad will see heavy
sanctions for transgressors. Sentences could mean up to two years
jail time for those in breach of the law.
This law was promised at the last IOSCO
(International Organization of Securities Commission) summit in
Paris, 27th January, when Israel, its government and its
supervisory bodies had been called to respond to the high
concentration of fraudulent Israeli brokers, who have got away with
it all over the world.
