Further to LeapRate's report from April about the suspension of the Cyprus Investment Firm (CIF) license of Atlas Capital Financial Services Ltd, owner of ACFX, operating via acfx.com, the Cypriot securities regulator today announces that the CIF license of the firm remains suspended. While the suspension of the authorisation is in force, the Company: 1. Cannot…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) keeps updating its “Black List” of companies that exhibit characteristics of investment scams. The latest addition to the “Black List” is Interactive Option, a binary options firm registered in Cyprus. KROUFR has received numerous complaints from clients of Interactive Option regarding unfair practices concerning…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has flashed its regulatory teeth at Atlas Capital Financial Services Ltd, the parent of Forex broker ACFX, operating via acfx.com. The regulator today announces the suspension of the Cyprus Investment Firm (CIF) authorisation of Atlas Capital Financial Services Ltd, due to the company's possible non-compliance at all times with…
Read moreThe British Columbia Securities Commission (BCSC) has added its voice to the chorus of concerns regarding Cyprus-registered binary options broker Interactive Option. On Wednesday, the British Columbia regulator added Interactive Option, a brand of Pegase Capital Limited, to its Investment Caution list, noting that the company is not authorized to offer investment services to BC…
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…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today prolonged the suspension of the authorisation of Trademarker (Cyprus) Ltd, which operates via the brands SkyFX and Capital Option. The regulator first suspended the Cyprus Investment Firm (CIF) authorization of Trademarker on February 15, 2016, stating that the company violated the Investment Services and Activities and Regulated…
Read moreAfter imposing a fine of EUR 300,000 on Pegase Capital Ltd in November last year, the Cyprus Securities and Exchange Commission (CySEC) today announced harsher measures against the company, which owns brands like binary options provider InteractiveOption. CySEC announced the suspension of the Cyprus Investment Firm authorisation of Pegase Capital Ltd (number 225/14). The penalty reflects…
Read moreThe Cyprus Securities Exchange Commission (CySEC) today announced that its Board has decided to impose a fine of €100,000 on Forex broker CommexFX Ltd for violations of the Investment Services and Activities and Regulated Markets Laws of 2007. The violations were committed in March and April 2015 and consist of “Dealing on own account” without…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced that a meeting held on October 26, 2015, its Board has decided to keep the authorization of Cyprus Investment Firm Falcon Brokers Ltd suspended. The regulator initially suspended the CIF license of Falcon Brokers on September 24, 2015, referring to alleged violations of operational requirements related to…
Read moreAfter several months during which visitors of the corporate website of Cypriot Forex broker CommexFX saw a message saying “Suspended for 15 days”, all of the information about the broker disappeared from the website as its domain name has expired. Since Friday – October 23, 2015, visitors of commexfx.com have seen an announcement that the…
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