Tag: CySEC fines

August 19, 2016 BY Valentina Kirilova

CySEC fines HotForex and OptionTrade parent €105,000 for misleading investors

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to impose a total administrative fine of €105,000 to the CIF HF Markets (Europe) Ltd. HF Markets (Europe) Ltd runs the retail forex broker HotForex (hotforex.com) and binary options firm OptionTrade (optiontrade.com) businesses. The full breakdown of the fine is linked…

Read more
March 16, 2016 BY Maria Nikolova

CySEC issues €10,000 administrative fine to SpotOption Exchange, €5,000 fine to BDSwiss

The Cyprus Securities and Exchange Commission (CySEC) has just announces its decision, made at a Board meeting in December last year, to impose administrative fines on SpotOption Exchange and BDSwiss Holding Ltd. Both Cyprus Investment Firms (CIFs) were issued fines for not complying with the Investment Services and Activities and Regulated Markets Law of 2007.…

Read more
March 11, 2016 BY Maria Nikolova

CySEC imposes €50,000 fine on CommexFX

Soon after imposing a monetary penalty of €100,000 on Cypriot Forex broker CommexFX, the Cypriot regulator fines the company again. This time the penalty is €50,000. The decision for the fine was made at a CySEC Board meeting on February 1, 2016. The sanction relates to CommexFX's violations of section 139(2) of the Investment Services and…

Read more