Israeli firms are already banned from targeting Israelis. The consultations have extended to Attorney-General Avichai Mandelblit and to the government, he said. They too will be covered by the legislation. Asked how long it would take to enact the legislation, Hauser said that depended on how high a priority the government makes it. Hauser also urged regulators around the world to contact his organization on behalf of binary options victims in their countries.

They have to turn to us.

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These firms lure their victims into making what they are duped into believing will be profitable short-term investments, but in the overwhelming majority of cases the clients wind up losing all or almost all of their money.

An online binary options trading platform, advertised on YouTube YouTube screenshot. Numerous countries, including the US, Canada and France, are investigating Israel-based binary options fraud on behalf of their citizens who have been cheated. Numerous victims from all over the world — notably in North America, Eastern and Western Europe, and Arab countries — have contacted The Times of Israel in recent months to detail how they were duped into parting with large sums of money by Israel-based salespeople misrepresenting themselves, their location, and the nature of the transactions they were offering.

There have been suicides, family crises and extreme financial hardship caused to victims of the fraudulent Israeli firms. The US binary options strategy divorce banned overseas binary options firms from targeting its citizens.

In August, Belgium became the first European country to ban the industry. A Facebook ad for an Israel-based binary options firm posted April 19, Is the stock market moral. Atlanta Jewish Times New Jersey: The Jewish Standard New York: The Jewish Week United Kingdom: The Jewish News For Publishers: Become a Nse stock options chain of Israel partner.

Thursday, June 22, Sivan 28, 1: About Us About the site Contact us Advertise with us Advertise forex dealers in t nagar us.

All the news and views from Silicon Wadi. Read the Start-Up Daily. By Simona Weinglass and David Horovitz November 7, Simona Weinglass Simona Weinglass is an investigative reporter at The Times of Israel.

David Horovitz David Horovitz is the founding editor of The Times of Israel. He is the author of "Still Life with Bombers" … [More] and "A Little Too Close to God"and co-author of "Shalom Friend: The Life and Legacy of Yitzhak Rabin" He previously edited The Jerusalem Post and The Jerusalem Report Like us on Facebook Get our newsletter Follow us on Twitter. More in Israel Inside. Comments on this article Report inappropriate comments.

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