Last time we heard of the administrative services provider Mutual Trust Limited was when the Board of the Cyprus Securities and Exchange Commission (CySEC) extended the suspension of the company's ASP license once more. Now, almost a half year later, CySEC informed that has decided to impose a total administrative fine of €15.000 on the ASP Mutual…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to impose a total administrative fine of €105,000 to the CIF HF Markets (Europe) Ltd. HF Markets (Europe) Ltd runs the retail forex broker HotForex (hotforex.com) and binary options firm OptionTrade (optiontrade.com) businesses. The full breakdown of the fine is linked…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has just announces its decision, made at a Board meeting in December last year, to impose administrative fines on SpotOption Exchange and BDSwiss Holding Ltd. Both Cyprus Investment Firms (CIFs) were issued fines for not complying with the Investment Services and Activities and Regulated Markets Law of 2007.…
Read moreSoon after imposing a monetary penalty of €100,000 on Cypriot Forex broker CommexFX, the Cypriot regulator fines the company again. This time the penalty is €50,000. The decision for the fine was made at a CySEC Board meeting on February 1, 2016. The sanction relates to CommexFX's violations of section 139(2) of the Investment Services and…
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