The author and I have had numerous discussions over a couple of features that VCDIFF lacks, and now that we have two open-source implementations we're able to make real progress on the standard.
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It would be one thing to read a criticism of capitalism written by a Marxist. But in this case, the author has been a successful investment advisor featured prominently in the media over the last couple of decades. The book is written by a dedicated capitalist, who seems to be legitimately disenfranchised with what our economic system has become.
And there are many of them. Some of the topics covered include: Why Wall Street has largely become a short-term focused casino. The various conflicts of interest that exist in the financial services industry. The high-fees brokers and bankers often push on their clients.
And much, much more… The book accurately critiques a variety of things that have gone wrong with our modern form of capitalism. It really is a lament. To some degree, I think this latter piece indicates the problems on Wall Street are relatively persistent, and not necessarily something new.
So there are lots of contemporary examples that make the book interesting and relevant. For his role actively managing money, Faust also has numerous awards and accolades.
So why does all this matter? In Israel, where a high concentration of such firms can be found, binary options trading was prohibited for Israeli customers in March on the grounds that it is a form of gambling and not a legitimate investment technique. On June 18, , a ban on marketing binary options to customers outside of Israel was passed by the cabinet.
Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites. The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement.
CySEC also issued a warning against binary option broker PlanetOption at the end of the year and another warning against binary option broker LBinary on January 10, , pointing out that it was not regulated by the Commission and the Commission had not received any notification by any of its counterparts in other European countries to the effect of this firm being a regulated provider.
OptionBravo and ChargeXP were also financially penalized. The AMF stated that it would ban the advertising of certain highly speculative and risky financial contracts to private individuals by electronic means. The French regulator is determined to cooperate with the legal authorities to have illegal websites blocked. This ban was seen by industry watchers as having an impact on sponsored sports such as European football clubs. The ban was extended to overseas clients as well in October Israel's vast, amoral binary options scam exposed" revealed that the industry is a scam.
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