CySEC fines a shareholder of Skopelino Finance Ltd (Concorde Investments Ltd) €10.000


CySEC fine

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at its meeting held on 13 November 2017, decided to impose an administrative fine of €10.000 to Mr. Pavel Krymov.

Mr. Krymov is a shareholder of Skopelino Finance Ltd at the time (now Concorde Investments Ltd).

His fine is due to non compliance with section 139 of the Investment Services and Activities and Regulated Markets Law of 2007, as in force, as he did not ensure for the correctness, completeness and accuracy of information notified to CySEC since he provided false and/or misleading information and/or withheld material information in his questionnaire which was submitted to CySEC on July 2012 regarding his relation with a certain company.

The official announcement can be seen here.

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CySEC fines a shareholder of Skopelino Finance Ltd (Concorde Investments Ltd) €10.000

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