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Scottish Limited Partnerships (SLPs), fronting for binary options firms, escape from fines over non-compliance with rules
The UK Secretary of State for Business, Energy and Industrial Strategy, Margot James has disclosed that none of the Scottish Limited Partnerships (SLP) has been fined over non-compliance with the People with Significant Control (PSC) rules since it came into effect.
CSA Announces Ban on Sale of Binary Options with Short-Term
The Canadian Securities Authority announced on the 28 0f September 2017 it was adopting a new Multilateral Instrument 91-102 Binary Options Rule targeted at banning the trading of binary options with an expiry period of fewer than 30 days. The ban will come into force on December 12, 2017, across all Canadian jurisdictions (except British Columbia), although some jurisdictions are subject to government ministerial approvals before the new rule can take effect.
Israel gave money from taxpayers’ to binary options firm to expand into China
Amid growing cries for the banning of binary options trading from many stakeholders, particularly the Prime Minister's Office, The Times of Israel has it on good authority that Israel's top financial regulator was giving tax payer's money to a key player in the binary options market to help it expand its operations overseas.