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24option has been fined by CySEC €156,000

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Rodeler Ltd., the company that operates one of the biggest binary brokers 24opton, is under serious investigation by Cyprus Securities and Exchange Commission (CySEC). The company has failed to keep adequate records of client complaints and the measures taken to resolve those. The regulator announced some of the fines:

€40,000 for the failure to assess the eligibility of its clients to engage in investment activities

€20,000 for non-compliance because the company did not take reasonable measures to avoid any unjustified aggravation of the operational risk in the outsourcing of activities or business operations to third parties

€15,000 for the company failing to inform its potential clients about the nature of inherent risks associated with trading binary options