LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Do regulators have to also pay fines themselves for making administrative errors?
In a fairly quick and somewhat bizarre about-face to the story we broke earlier today (that CySEC and UFX Markets had “compromised on” an €100,000 fine for UFX Markets’ regulated parent company Reliantco, for undisclosed actions), CySEC has now issued a new letter recalling the original letter. No explanation was given.
We’ll pass on more information as it becomes available.
Forex Industry Report