Regulators Getting It Right: Belgium Bans Binary Options, Leveraged CFDs

Top Belgian securities regulator, the Financial Services and Markets Authority announced in a recent communique, that distribution of binary options, leveraged CFDs, and ultra-short (<1 hour) derivatives contracts. Apparently there is some question regarding the exact translation (link), and since I don't know french or dutch I cannot comment on that.

Everyone in the industry knows that binary options is a festering pool of fraud, and responsible for much of spam marketing on the internet. I applaud actions of FSMA, and hope that more regulators around the word will follow suit.
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