The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’).
The fine has been made due to non-compliance with section 36(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2007 and the Paragraph 6, Subparagraph (2) of the Directive DI 144-2007-02 of 2012 of the Securities and Exchange Commission for the Professional Competence of Investment Firms and the Natural Persons Employed by them.
The complete announcement can be seen here.