Die ARD hat einen Bericht auf PlusMinus
https://www.daserste.de/information/wirtschaft-boerse/plusminus/videos/onlinebroker-video-100.html
und eine Multi-Media-Reportage auf ARD Börse veröffentlicht
https://multimedia.boerse.ard.de/glaubst-du-an-den-binary-king-betrug-unserioese-onlinebroker#5689
Um die Reportage vollständig anzuschauen, müssen Sie scrollen und die einzelnen Videos anklicken.
Fraudulent practices by forex, CFD’s and binary options brokers have been tolerated by National competent authorities for a long time.
Among such practices: Withholding of Clients’ Money, Price Manipulation, Misleading Advertising
The majority of forex, CFD’s and binary options brokers are based in Cyprus, where supervision has proven to be lax in most cases.
The measures taken against above practices, if any, have not been adequate and dissuasive, since these practices have been persisting until now.
The most frequent sanction imposed by Cyprus authorities was a fine. The max. fine to be imposed was € 350.000. In several cases the fines ranged between € 20,000 and € 50.000.
If you consider that the forex market achieves volumes amounting to trillions, fines of this size are neither adequate nor dissuasive.
Pursuant to Art. 70 of the MiFID II directive, the fines should amount to at least € 5.000.000, or 10% of turnover, or twice the benefit derived from the infringement.
I request that the provisions of Art. 70 are successfully implemented in the whole EU.
Fines of the above size could be possibly dissuasive, would not hit honest market participants and would be an alternative to over regulating the market.
[your signature]
