Hoch Capital announced it is closing all open positions by 14 August. The CySEC approved the suspension of the license on 6 July. Provider of investment services Rodeler Ltd also notified CySEC of its decision to terminate its CIF license. CySEC announced it approved the request on 6 July.
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The Cyprus watchdog alleged that CPB and Commerzbank acted “in concert to manipulate the market” regarding CPB’s shares in April and May 2011. CySEC imposed a €650,000 fine to Commerzbank AG for the violations. The Cyprus securities regulator decided not to impose a fine on CPB because it is s under special administration since 2013…
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The companies with monetary penalties include: Harvest Capital Management Public Ltd with administrative fine of €13,000 Cyprus Trading Corporation Plc with administrative fine of €12,500 Aias Investment Public Ltd was fined the amount of €12,500 Regallia Holdings & Investments Public Ltd was fined €6,500 Isxis Investment Public Ltd was fined €6,500 Elma Holdings Public Company…
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With the withdrawal of the its licence, Daweda Exchange should not provide investment and ancillary services. The company should immediately delete all references in its websites of investment services and CySEC licence and return all funds and financial instruments to its clients. CySEC also found the executive members of the company’s board of directors, Hamed…
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FCA’s actions came as a response to insufficient information to the nature of the investments, some of the investors were pressured into making increasingly large investments in CFDs, which referenced bitcoin, foreign exchange, shares and indices. In some cases, investors were even encouraged to take out credit to make the payments. The firms also failed…
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CySEC also found that the company may have violated European Securities and Market Authority’s decisions regarding the provision of maximum leverage to retail clients, up to 1:30, at specified products and the margin close-out protection, a requirement to market, distribute or sell CFDs to retail clients. Indication Investments and CySEC reached a settlement regarding the…
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The CySEC has included the following websites to its warning list: www.everfx.uk bitoptionstrade247.com gtm.fxaddress.com tradesopen.com fxgmfx.com royalfxpro.eu invest-absolute.com justproforex.com binancecapitaloptions.com metafinancetrade.com 21stfxoptions.com amelok.com exmsolution.com CySEC urges investors to consult its website, before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Read More:…
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The Cyprus regulator said that such cases occur often and may be part of a sophisticated online scheme to defraud investors. Typically, such scams may have the following characteristics: Individuals claim to be CySEC officers, appointed representatives of CySEC, other Cypriot supervisory authorities or bank representatives appointed by CySEC. These scammers contact investors that are…
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CySEC also announced earlier today that it has decided to withdraw the Cyprus Investment Firm authorisation with Number 110/10 of AMG Kapital Limited, again due to the firm’s decision to renounce it. Read More: UGL Exchange Ltd’s CIF licence suspended CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd CySEC suspends CIF licence of Prior Capital…
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The Commission decided to suspend the CIF licence of Belight Capital Group after the violations of the law caused concerns about risk in the protection of the company’s clients and a threat to the orderly operation and integrity of the market. The company has fifteen days to take actions and comply with the provisions of…
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