Tag: CySEC fines

CySEC fines
May 03, 2019 BY Valentina Kirilova

CySEC fines CIF Goldenburg Group Ltd €170.000

Cyprus regulator CySEC has just announced that it has decided to impose a total administrative fine of €170.000 to CIF Goldenburg Group Ltd. The reason for the fine is noncompliance with provisions of The Investment Services and Activities and Regulated Markets Law of 2007, as was in force (‘the L.144(Ι)/2007’), and of Directive DI 144-2007-02…

Read more
CySEC fines
April 25, 2019 BY Valentina Kirilova

CySEC fines Bluehouse Investment Advisors Ltd €30.000

The Cyprus Securities and Exchange Commission (CySEC) has informed the public that it has decided to impose an administrative fine of €30.000 to the company AIFM Bluehouse Investment Advisors Ltd. The fine has been imposed for non compliance with section 16(1) of the Alternative Investment Fund Managers Law of 2013, as in force, as the…

Read more
CySEC fines
December 11, 2018 BY Valentina Kirilova

Cyprint Plc fined €10.000 for insider trading

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has fined the company Cyprint Plc and its former Director due to Insider Dealing. Cyprint Plc has to pay a total administrative fine of €10.000 and Mr Christakis Christodoulou, Executive Director at the time, €5.000. The complete text of the regulator’s decision can…

Read more
CySEC fine
October 19, 2018 BY Valentina Kirilova

CySEC fines individual €10.000 for fraud

The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it decided the imposition of an administrative fine of €10.000 to Mrs Milena Valentinova Christofide. The complete text of the regulator’s decision can be seen below: Announcement date: 19.10.2018 Board decision date: 03.09.2018 Regarding: Mrs Milena Valentinova Christofide Legislation: The Investment Services…

Read more
CySEC fines
October 03, 2018 BY Valentina Kirilova

CySEC fines the Director of Orphanides Public Company Ltd €5.000

The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it decided the imposition of an administrative fine of €5.000 to Mr. Christos Filaktou (Director of Orphanides Public Company Ltd). The complete text of the regulator’s decision can be seen below: Announcement date: 03.10.2018 Board decision date: 03.09.2018 Regarding: Mr. Christos Filaktou…

Read more
CySEC fines
September 04, 2018 BY Valentina Kirilova

CySEC fines LQD Markets €50.000

Cyprus financial regulator CySEC has just announced that it has fined LQD Markets €50.000. The full note issued by CySEC on the matter reads as follows: 04 September 2018 CYSEC Board Decision Announcement date: 04.09.2018; Board decision date: 02.07.2018 Regarding: LQD Markets Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Fine…

Read more
June 27, 2018 BY Valentina Kirilova

CySEC fines SFS Group Public Ltd and Agroton Public Ltd

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meetings held on 4th June 2018, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the Law’), in regard…

Read more