ShareCast on 29th March reported that the FCA has imposed a permanent ban on the sale of binary options to retail consumers to cut the risk of fraud.  All firms acting in or from the UK are barred from selling, marketing or distributing of binary options.  It said binary options were gambling products disguised as financial transactions.  The FCA had already adopted the EU’s temporary restrictions on the sale of binary options but it has now made the ban permanent starting on 2nd April.




Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: