24option Operator Faces €15K Fine in the Netherlands
- The company did not cooperate with an investigation by the Dutch regulator.
- The fine was kept on the lower side because of the firm’s financial condition.

The Dutch financial supervisory authority has imposed an administrative fine of €15,000 on Rodeler Limited and its local unit Rodeler (NL) BV for violation of a section of the country’s General Administrative Law Act. Rodeler operated a CFDs trading platform under the brand 24option.com.
Though a maximum penalty of €2 million can be imposed for such violations, the regulator cited the companies’ limited financial strength and previous fines behind the small penalty amount.
The Netherlands Authority for the Financial Markets (AFM) detailed that it launched an investigation against the local unit of Rodeler to determine if the firm needs an AFM license for its operations. In addition, it wanted to determine if the company was indulging in any unfair commercial practices.
“This behavior by Rodeler NL is serious and a fine is, therefore, imposed,” the AFM noted (translated from Dutch).
The penalty on the Cypriot parent was imposed as the regulator believes that the leadership at Rodeler Limited supersized the Dutch unit for the violations.
Regulatory Troubles
This is not the first regulatory action against Rodeler as the company is already in troubled water. The Cypriot regulator withdrew Rodeler’s Cyprus Investment Firm license earlier this year upon voluntary renunciation by the company.
Furthermore, Rodeler faced hefty fines from the Cypriot regulator for alleged compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others. In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others. Read this Term breaches and was banned by numerous other regulators.
The Dutch financial supervisory authority has imposed an administrative fine of €15,000 on Rodeler Limited and its local unit Rodeler (NL) BV for violation of a section of the country’s General Administrative Law Act. Rodeler operated a CFDs trading platform under the brand 24option.com.
Though a maximum penalty of €2 million can be imposed for such violations, the regulator cited the companies’ limited financial strength and previous fines behind the small penalty amount.
The Netherlands Authority for the Financial Markets (AFM) detailed that it launched an investigation against the local unit of Rodeler to determine if the firm needs an AFM license for its operations. In addition, it wanted to determine if the company was indulging in any unfair commercial practices.
“This behavior by Rodeler NL is serious and a fine is, therefore, imposed,” the AFM noted (translated from Dutch).
The penalty on the Cypriot parent was imposed as the regulator believes that the leadership at Rodeler Limited supersized the Dutch unit for the violations.
Regulatory Troubles
This is not the first regulatory action against Rodeler as the company is already in troubled water. The Cypriot regulator withdrew Rodeler’s Cyprus Investment Firm license earlier this year upon voluntary renunciation by the company.
Furthermore, Rodeler faced hefty fines from the Cypriot regulator for alleged compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others. In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a system of checks and balances that prevents fraud and inefficiencies.Additionally, this also ensures cooperation with federal financial regulations with the ultimate goal of protecting the public and provide needed information to governmental agencies to stop fraud, money laundering, and terrorist funding. Compliance in the financial industry offers stability to the markets and serves to protect customers, workers, and taxpayers from ethical threats that are inherited in individual decisions.Many organizations are also obligated to track and store compliance data. This includes all data that is relevant or belongs to a company, brokerage, etc. that can be used for the purpose of implementing or validating compliance or regulatory reporting.Given shifting regulations and the importance of compliance, the use of advanced software is increasingly being implemented to help companies manage their compliance data more efficiently. This cache includes calculations, data transfers, and audit trails.While finance is a globally unified concept, compliance is not. Regulatory compliance varies across both industries and jurisdictions. For example, the financial regulatory structures of one country may be lacking or different in another. Of note, the most tightly regulated jurisdictions in terms of compliance in the forex industry include the United States, United Kingdom or most European Union countries, Australia, New Zealand, Canada, and others. Read this Term breaches and was banned by numerous other regulators.