Tag: CySEC CIF license

February 03, 2014 BY Gerald Segal

CySEC instructs brokers to crack down on tax offenders

Regulatory pressure on Cypriot companies firming up, this time its about tax dodging Cypriot financial regulatory authority CySEC has released a press release today detailing information regarding an upcoming proposal by the European Commission that is aimed to fight terrorist financing and money laundering activities. CIFs by no means are expected to determine whether their…

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January 22, 2014 BY Gerald Segal

CySEC outlines its priorities for 2014

Renewal of investor confidence in Cyprus, investor training and modernization highlight CySEC’s plans for 2014 Cypriot financial regulator CySEC has assembled briefing with local media yesterday outlining future goals for the Commission and some review of the challenging year already behind us. The press release issued on the matter details the Commission’s priorities for the…

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January 13, 2014 BY Gerald Segal

CySEC rejects binary options broker ShortOption’s CIF license application due to questionable shareholder

Apparently the company failed to provide evidence of professional qualifications of the main shareholder as the law requires Last Friday the CySEC has issued a statement clarifying that it has rejected the application of ShortOption for a CIF license due to a questionable shareholder within Stardor Limited, which is the company behind the binary options…

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January 10, 2014 BY Gerald Segal

CySEC warns investors about Live Binary

The company has never been regulated under the jurisdiction and doesn’t claim to be In its usual vague tone the Cypriot regulator has added another name to the list of binary options companies it issued a warning against. The brokerage is LBinary.com and according to the website the company operating it - Live Binary Ltd…

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January 08, 2014 BY Gerald Segal

iOption update – CySEC license (finally) revoked, website still up

...however most importantly, it seems as though not all clients of the binary options broker have received their money back. Following up our earlier exclusive story about binary options broker iOption closed down – the real story from November... CySEC has finally, two months after the fact, made an announcement that the CIF license issued to…

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December 20, 2013 BY Gerald Segal

Cedar Finance binary options CIF license suspended by CySEC

Cedar was late in filing paperwork with CySEC, and in any event is focusing on Asia. Seems as though CySEC licensing isn't all its cracked up to be for binary options brokers. Cedar Finance, one of a handful of binary options brokers to receive CySEC licensing in the past few months, has now seen its…

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December 09, 2013 BY Gerald Segal

CySEC fines unregulated binary options broker Zoompartners

The company has been spared a huge fine in return for a commitment to get regulated Cypriot regulatory authority CySEC is on the move once again. The regulator has announced in a statement on its website that it is administrating a fine totaling 15,000 Euros on the company Zoompartners Ltd, which is behind the Zoomtrader…

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November 25, 2013 BY Gerald Segal

CySEC warns investors about PlanetOption

The regulator continues its crackdown on unlicensed binary options brokerages Cypriot financial regulator CySEC has informed the public in a press release today that the company standing behind PlanetOption is not permitted to conduct business in the country and it has never been issued a license and is outside of its regulatory framework. Based on…

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