CySEC reaches a €200.000 settlement with CIF Hoch Capital Ltd

CySEC settlement

The Cyprus regulator (CySEC) announced that it has reached a settlement with the CIF Hoch Capital Ltd (the Company) for possible violations of The Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017.

The settlement reached with Hoch Capital Ltd, for the possible violations, is for the amount of €200.000, which the company has already paid.

It is noted that all amounts payable from settlement agreements are considered revenue (income) of the Treasury of the Republic and do not constitute income of CySEC.

The official announcement can be seen here.

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