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Blog posts tagged in CySEC
CySEC allows FX brokers to release client names and data to banks, to allow for release of client funds.
Central Bank of Cyprus has agreed to not haircut segregated bank accounts over €100,000, where the ultimate beneficiaries are small individual investors.
Is this ESMA's way of indicating it plans to tighten rules for CFD trading?
CySEC issues press release asserting its "authority to reach settlements".
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FinesIf you take a look at UFX's track record over the past few years, i dont think its any suprise that they received a fine. Previou
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responseIt seems that you lack some basic understanding of how CySEC works. Your argument regarding CySEC's intention to fine deep-pockete
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Shakedown is the right term!Leo, whether CySEC pockets the money or not is irrelevant. Indeed they do not directly pocket the funds but the point is they are
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RE:Shakedown is the right term...If you take a look at UFX's track record over the past few years, i dont think its any suprise that they received a fine. Previou
CySEC threatening FX brokers if they don't settle quietly and pay large fines.
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ShockingHow much of this story is speculation, is there any evidence? Surely the Broker - especially influential ones will stand up to thi
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Regulatory ArbitrageAnd so the game of cat and mouse with the regulators will continue. Cyprus was a great choice for certain brokers until it is not
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DrThey should be fined 5M They pay because they are systematic scammers. It's well known Forex is made of 2 parties: Scammers and
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CySec alledged suspicious beha...Thanks for the thoughtful incite Dave, very informative and clearly an educated opinion. Perhaps we could keep focus on the issues
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JamesThanks for the thoughtful incite Dave, very informative and clearly an educated opinion. Perhaps we could keep focus on the issues
Do regulators have to also pay fines themselves for making administrative errors?
Although the fine remains shrouded in mystery as to what UFX was actually charged with doing.
First "pure play" Binary Options provider to get licensed in Cyprus.
Andrey Dashin's new Cyprus FX firm onboards most of Alpari FS management.
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Don't Trust ForexTimeIt seems odd that ForexTime is using supposed management from a company that failed - Alpari FS! It looks like Andrey Dashin is ge
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RE:Don't Trust ForexTimeThanks Simon. We appreciate your comments (Were you an Alpari Cyprus client? Did you specifically have your account closed arbitra
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RE:RE:Don't Trust ForexTimeHi Gerald, I wasn't a client of Alpari Cyprus, but as part of the online trading community I know traders who had their accounts c
