Cyprus financial regulator CySEC has just announced that it has fined LQD Markets €50.000.
The full note issued by CySEC on the matter reads as follows:
04 September 2018
CYSEC Board Decision
Announcement date: 04.09.2018; Board decision date: 02.07.2018
Regarding: LQD Markets Ltd
Legislation: The Investment Services and Activities and Regulated Markets
Subject: Fine €50.000
The Board of the Cyprus Securities and Exchange Commission (CySEC) would like to inform the public that, at the meeting held on July 2, 2018, decided to impose an administrative fine of €50.000 to LQD Markets Ltd for non-compliance with section 44(1) of The Investment Services and Activities and Regulated Markets Law of 2007, as was in force, in relations to the maintenance of its records.