Interactive Option parent Pegase renounces CySEC CIF license

After having had its CySEC CIF license first suspended in March for one month, with the suspension later extended in April, LeapRate has learned that Pegase Capital Ltd has now renounced its authorization and thus relinquished its CIF license, effective May 13, 2016.

Pegase is the parent company operating binary options brokerage brands Interactive Option, HelloBrokers, and MTX Plus.

Pegase’s troubles with regulators began last year, when the company was assessed a relatively large €300,000 fine by CySEC. The company was recently named on Russia’s KROUFR Black List, and was also added to the Investment Caution List of the British Columbia financial regulator in Canada.

CySEC reports that the company is oblidged to settle all its obligations arising from the investment services that lapsed within a period of three months.

The Company remains under the supervision of CySEC until it settles its obligations arising from the investment services that lapsed.

CySEC has called the company to proceed with changes in its website so that any references regarding authorization and supervision of the company by CySEC be removed.

More on the removal of Pegase’s CIF license can be seen on CySEC’s website here.

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