According to a press release on Friday, 19 April 2024, the financial watchdog’s board claims that CIF transgressed numerous regulations in the Investment Services and Activities and Regulated Markets Law of 2017. The decision follows an investigation conducted in September 2022. A breakdown of this fine includes €80,000 for not having adequate policies and procedures…
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Cyprus regulator CySEC has just announced that it has decided to impose a total administrative fine of €170.000 to CIF Goldenburg Group Ltd. The reason for the fine is noncompliance with provisions of The Investment Services and Activities and Regulated Markets Law of 2007, as was in force (‘the L.144(Ι)/2007’), and of Directive DI 144-2007-02…
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The Cyprus Securities and Exchange Commission (CySEC) has informed the public that it has decided to impose an administrative fine of €30.000 to the company AIFM Bluehouse Investment Advisors Ltd. The fine has been imposed for non compliance with section 16(1) of the Alternative Investment Fund Managers Law of 2013, as in force, as the…
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The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has fined the company Cyprint Plc and its former Director due to Insider Dealing. Cyprint Plc has to pay a total administrative fine of €10.000 and Mr Christakis Christodoulou, Executive Director at the time, €5.000. The complete text of the regulator’s decision can…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it decided the imposition of an administrative fine of €10.000 to Mrs Milena Valentinova Christofide. The complete text of the regulator’s decision can be seen below: Announcement date: 19.10.2018 Board decision date: 03.09.2018 Regarding: Mrs Milena Valentinova Christofide Legislation: The Investment Services…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it decided the imposition of an administrative fine of €5.000 to Mr. Christos Filaktou (Director of Orphanides Public Company Ltd). The complete text of the regulator’s decision can be seen below: Announcement date: 03.10.2018 Board decision date: 03.09.2018 Regarding: Mr. Christos Filaktou…
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Cyprus financial regulator CySEC has just announced that it has fined LQD Markets €50.000. The full note issued by CySEC on the matter reads as follows: 04 September 2018 CYSEC Board Decision Announcement date: 04.09.2018; Board decision date: 02.07.2018 Regarding: LQD Markets Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Fine…
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The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has imposed fines amounting to almost €6.4 million for the acquisition of Sea Star Capital Plc shares, including misleading information and market abuse. The fines have been made for violation of Article 9 (1) (a) of the ‘Insider Dealing and Market Manipulation (Market…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 5th March 2018, decided to impose an administrative fine of €50.000 to Karkotis Manufacturing & Trading Public Ltd for violation of section 130 of The Cyprus Securities and Cyprus Stock Exchange Laws (L.14(I)/1993). The company…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meetings held on 4th June 2018, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the Law’), in regard…
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