December 27, 2016 BY LeapRate Staff
Retail forex broker Colmex Pro gets €100,000 CySEC fine for misleading advertising and compliance failures
Cyprus financial regulator CySEC has issued a €100,000 fine Colmex Pro Ltd for a series of compliance issues discovered by the regulator. The €100,000 fine breaks down as follows: €40,000 for nor properly informing clients of appropriate risks of trading, €30,000 for misleading advertising, €20,000 for operational risks not being properly addressed, €10,000 for other…
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