Israel Securities Authority

June 12, 2023, 5:51 pm

Seffy Zinger to be appointed head of Israel securities watchdog

Finance minister selects Zinger, a partner at law firm Herzog Fox & Neeman, as chairman of the Israel Securities Authority, subject to approval

By Sharon Wrobel

Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)

March 15, 2023, 8:27 pm

‘Israeli Madoff’ convicted over $150 million Ponzi scheme

Under plea deal, Michael Ben-Ari to serve at least 5 years in prison for what is believed to be worst scam in Israel’s history; is due to cooperate ahead of sentencing

By ToI Staff

December 25, 2022, 6:30 am

‘Israeli Madoff’ Michael Ben-Ari extradited from Bosnia over $150m Ponzi scheme

Ben-Ari to stand trial for allegedly defrauding investors for 15 years in largest-ever scam in Israel; he previously fled on a false passport after posting NIS 2 million bail

By ToI Staff

Then-Finance Minister Moshe Kahlon holds a press conference at the Finance Ministry office in Jerusalem, September 23, 2019. (Flash90)

July 19, 2022, 4:52 pm

Ex-finance minister Kahlon grilled over alleged involvement in credit firm scandal

Lawyer for former Kulanu leader insist ‘his time as chairman of Unet was directed toward the benefit of the public’

By ToI Staff

August 6, 2021, 5:31 am

NY court orders assets seized from ‘Israeli Madoff’ on run in $150m Ponzi scheme

Michael Ben-Ari, arrested in April, fled on a false passport after posting NIS 2 million bail; investigators say he fleeced investors for 15 years in largest-ever scam in Israel

By ToI Staff

A page from a 2021 eToro investor presentation touting the platform's popularity among young people (Screenshot)

July 1, 2021, 8:54 am

Ex-securities regulator now works for fintech firm that pushed him to weaken law

In 2017, Israel Securities Authority chair Shmuel Hauser agreed to water down a bill that would have significantly curtailed eToro’s global expansion. Now he’s a board member

By Simona Weinglass and Shoshanna Solomon

Illustrative image of a person shopping with credit card and laptop (Poike; iStock by Getty Images)

From the WebMay 27, 2021, 4:36 pm

Israeli Securities Authority to supervise fintech firms in the payments sector

Ctech: Israel’s Finance Minister has decided that the securities watchdog will oversee innovative financial services and open banking

Anat Guetta, chairman of the Israel Securities Authority, speaks during a Knesset Finance Committee meeting, June 21, 2021. (Yonatan Sindel/Flash90)

May 9, 2021, 5:59 pm

Israel’s securities regulator sets out terms for Tel Aviv SPACs

The terms aim to protect investors, ISA says; among the new rules: sponsors must raise minimum of NIS 400 million ($123 million) mainly from institutional investors

By Shoshanna Solomon

May 2, 2021, 3:48 pm

Israeli investors can now trade on Dubai Gold & Commodities Exchange

Israel Securities Authority gives green light to Israeli market players to become members of the exchange and deal in precious metals, energy, equities and currencies

By Shoshanna Solomon

British-born Andrew Abir, Deputy Governor of the Bank of Israel. (YouTube screenshot)

February 11, 2020, 11:44 am

British-born Andrew Abir appointed Bank of Israel’s No. 2

Deputy governor’s appointment was approved by the cabinet this week; he began working at the bank in 1987 and is a former head of its Market Operations Department

By Sue Surkes

Illustrative image of business and tech (metamorworks; iStock by Getty Images)

November 13, 2019, 4:49 pm

Israel to provide grants to attract savings funds to tech bonanza

Innovation Authority earmarks $4.3 million to get pension and saving funds to jump onto tech bandwagon by hiring and training tech specialists

By Shoshanna Solomon

SodaStream CEO Daniel Birnbaum (l) and PepsiCo’s CEO Ramon Laguarta at the SodaStream factory in Israel’s Negev Desert next to the city of Rahat on August 20, 2018. (Eliran Avital)

September 24, 2019, 6:31 pm

SodaStream’s Birnbaum suspected of insider trading linked to 2018 PepsiCo deal

Chairman of drinks-maker detained and questioned, then released on bail, for allegedly giving associate advance word of acquisition announcement

By ToI Staff

Public Security Minister Gilad Erdan speaks at the Conference of Presidents of Major American Jewish Organizations, at the Inbal Hotel in Jerusalem, February 19, 2018. (Yonatan Sindel/Flash90)

August 30, 2019, 12:00 am

Erdan told cops he suspected Bezeq owner pushed Netanyahu to remove him – report

Leaked transcript of former communications minister’s testimony raises questions about his transfer to Interior Ministry in 2014, just as he was leading key telecom reform

By ToI Staff

The Australian Stock Exchange (Courtesy)

May 29, 2019, 11:23 am

Australia Securities Exchange, wooing Israeli tech, seeks dual-listing with TASE

20 Israeli firms are now on the ASX, but future listers are expected to be more developed and raise more money, ASX head of listings says

By Shoshanna Solomon

(L-R) Deputy Health Minister and United Torah Judaism leader Ya'akov Litzman; Likud MK and former coalition chairman David Bitan; Interior Minister and Shas leader Aryeh Deri; and Likud Welfare Minister Haim Katz. (All photos by Flash90)

May 22, 2019, 6:01 pm

Not just Netanyahu: The other 4 lawmakers who may need immunity from prosecution

Gambit to save PM could also help prevent corruption charges against Shas leader Deri, Likud’s Haim Katz and David Bitan; UTJ chief Litzman accused of aiding alleged pedophiles

By Raoul Wootliff