The Cyprus Securities and Exchange Commission (CySEC) today published a Circular (C130) advising the Cyprus Investment Firms (CIFs) to keep a close eye on risks associated with a possible exit of the United Kingdom from the European Union. The Cypriot securities regulator reminds CIFs that a referendum will be held in the UK on June…
Read moreFurther to LeapRate's report from April about the suspension of the Cyprus Investment Firm (CIF) license of Atlas Capital Financial Services Ltd, owner of ACFX, operating via acfx.com, the Cypriot securities regulator today announces that the CIF license of the firm remains suspended. While the suspension of the authorisation is in force, the Company: 1. Cannot…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announces that at its meeting held on March 28, 2016, it decided to revoke the Cyprus Investment Firm (CIF) license of Falcon Brokers Ltd. The withdrawal of the license stems from violation of operational requirements concerning clients' funds. The company, operating via new.falconbrokers.com, has three months to…
Read moreCyprus financial regulator CySEC has issued some new directives on Binary Options trading, centering on required increasing transparency from binary options brokers. CySEC has given regulated binary options brokers on the island three months to demonstrate that they are in full compliance with all aspects of the new directives. The directives, reviewed in more detail…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today issued a circular addressed at all regulated entities, including Cyprus investment firms (CIFs), in relation to the so-called “Panama Papers”. The securities regulator notes that after the leak of documents of Mossack Fonseca, a series of documents referred to as “Panama Papers” appeared online. These documents refer…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has just announced an extension to the suspension of the Cyprus investment firm (CIF) license of Pegase Capital Limited, which owns brands like Interactive Option. The regulator initially suspended Pegase Capital's license on March 4, 2016, referring to numerous numerous violations of Cypriot investment laws. In November last year,…
Read moreThe British Columbia Securities Commission (BCSC) has added its voice to the chorus of concerns regarding Cyprus-registered binary options broker Interactive Option. On Wednesday, the British Columbia regulator added Interactive Option, a brand of Pegase Capital Limited, to its Investment Caution list, noting that the company is not authorized to offer investment services to BC…
Read moreContinuing a theme we've seen among many participants in the Forex industry, this week saw LeapRate report exclusively on upcoming website / GUI changes at two of the better know names in Retail Forex: popular trader site FXStreet, and broker Forex.com. Our most popular guest post of the week is courtesy of Leverate's Ben Richter on…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has imposed a €12,000 administrative fine on retail Forex broker Mayzus over non-compliance with anti-money laundering rules. The Board of the Commission made the decision for the fine on February 29, 2016. The company is alleged to have violated the Prevention and Suppression of Money Laundering and Terrorist…
Read moreCyprus financial regulator CySEC has issued a reminder that the CIF license held by retail forex and binary options brokers Starfish Markets has not yet been activated. Starfish's CIF license was granted last December 18. Starfish Markets is a registered New Zealand company controlled by Malaysian national and now Chinese resident Choon Keit Wong. CySEC's reminder…
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