CySEC fines LQD Markets €50.000


CySEC fines

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
Law

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.

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CySEC fines LQD Markets €50.000

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