I have been following closely the story that CySEC will start to issue licences in Cyprus to the binary option operators there. I came across the following article on the Marketsword.com website which claims that they are the only currently licensed binary options site: http://articles.marketsworld.com/2012/05/14/cyprus-welcome-to-licensing-binary-options-late-is-better-than-never/ Would it not make more sense for a Securities and Exchange Commission to regulate investment sites rather than a gaming commission? While I agree with parts of the article that Cyrus is not exactly the same as United States or Britain in terms of the rule of law, what does the Isle Of Man gaming commission know about stock markets, derivatives, and binary options.