CySec issues €12,000 administrative fine to Cyprus division of Dragon Capital LeapRate

March 26, 2014 BY Andrew Saks-McLeod

CySec issues €12,000 administrative fine to Cyprus division of Dragon Capital

Cypriot division of Kiev-based institutional and retail brokerage firm found to have not maintained correct anti-money laundering procedure Cypriot regulatory authority CySec has today imposed a €12,000 total administrative fine on the Cyprus division of institutional and retail multi-asset brokerage firm Dragon Capital. The company, whose head office is in Kiev, Ukraine, has operations in…

March 10, 2014 BY Gerald Segal

CySEC fines OptionBit parent €5,000 for offenses prior to being regulated

OptionBit parent Novox Capital Ltd received CySEC license in early February, offenses were in late 2012. Cyprus financial regulator CySEC handed out what amounts to a slap on the wrist to binary options broker OptionBit, a Tradologic brand, for offering binary options trading services back in 2012, before it held a CySEC CIF license. The…

January 16, 2014 BY Gerald Segal

CySEC imposes fines against ChargeXP and binary options broker OptionsBravo

According to our research ChargeXP might be behind VIP Binary, which does not appear to be operational Cypriot regulator of financial services providers CySEC has released two press releases today that outline some details about fines it has imposed on a couple of binary options brokerages in October last year. The first administrative action was…

December 09, 2013 BY Gerald Segal

CySEC fines unregulated binary options broker Zoompartners

The company has been spared a huge fine in return for a commitment to get regulated Cypriot regulatory authority CySEC is on the move once again. The regulator has announced in a statement on its website that it is administrating a fine totaling 15,000 Euros on the company Zoompartners Ltd, which is behind the Zoomtrader…

October 10, 2013 BY Gerald Segal

CySEC fines ex Laiki and Marfin CEO Efthimios Bouloutas EUR 100,000 for misstatements

Represents one of the largest fines ever doled out by CySEC to an individual. We've become somewhat used to the multi-million dollar fines for wrongdoing handed out by US regulator CFTC, so an EUR 100,000 ($135,000) fine doesn't seem too weighty. But it certainly is, when handed out by Cyprus financial regulator CySEC. CySEC announced…

Tag: CySEC fine