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Screenshot of a breaking news alert e-mail from Q2 2017
The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’).
The fine has been made due to non-compliance with section 36(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2007 and the Paragraph 6, Subparagraph (2) of the Directive DI 144-2007-02 of 2012 of the Securities and Exchange Commission for the Professional Competence of Investment Firms and the Natural Persons Employed by them.
The complete announcement can be seen here.