Tag: CySEC

December 04, 2015 BY Mike Fox

Falcon Brokers CIF license suspension extended by CySEC

Cyprus Securities and Exchange Commission (CySEC) today announced that following a decision in a meeting held November 30th, 2015 that authorization of the Cyprus Investment Firm ‘Falcon Brokers Ltd’, with license number 128/10, will continue to be suspended indefinitely. This continuation follows from one month ago where the same decision was reached for the troubled forex broker. The…

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November 27, 2015 BY Maria Nikolova

Fraudsters impersonate CySEC officers

The Cyprus Securities and Exchange Commission (CySEC) today published a warning regarding fraudsters using its details to obtain money from investors and the general public. The regulator says that several types of financial scam messages and/or letters purporting to be sent by CySEC are currently in circulation. In particular, the fraudsters have used the email…

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November 25, 2015 BY Maria Nikolova

CySEC announces start of compensation payments to clients of FXPulp

The Cyprus Securities and Exchange Commission (CySEC) today announced the official start of compensation payments to clients of retail Forex broker FXPulp, aka Pulp International Business Ltd, which had its license withdrawn in April this year. The payments will be conducted and organized by the Investor Compensation Fund for Clients of Investment Firms (the I.C.F). The…

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November 24, 2015 BY Maria Nikolova

CySEC sanctions four directors of former Forex broker FxPulp

The Cyprus Securities Exchange Commission (CySEC) today announced sanctions against four directors of retail Forex broker FxPulp, aka Pulp International Business Ltd, which had its Cyprus Investment Firm license revoked earlier this year. The Board of the Cyprus Securities Exchange Commission has decided to take action against Mr. Said Salem, Mr. Shaher Hasanain, Mr. Savvas Sava…

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November 23, 2015 BY Maria Nikolova

Cypriot regulator tells investment firms on IOSCO Alerts List to clear record

The Cyprus Securities and Exchange Commission (CySEC) today reminded Cyprus Investment Firms (CIFs), that is binary and Forex brokers, of their responsibilities regarding their investment activities in third countries. In a circular out today, the Cypriot watchdog flashed its regulatory teeth at investment firms which it regulates but which have been included in the Investors…

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November 12, 2015 BY Maria Nikolova

CySEC publishes warning against Noerus Capital

The Cyprus Securities and Exchange Commission (CySEC) earlier today published a warning against Forex broker Noerus Capital, operating the website www.noeruscapital.com. The Cypriot regulator notes that the company is not permitted to provide investment and ancillary services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law, because it has never been authorized…

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November 09, 2015 BY Maria Nikolova

CySEC warns against unauthorized Forex broker Bullet Investment

The Cyprus Securities and Exchange Commission (CySEC) today published a warning against Bullet Investment, operating via https://www.bulletinvestment.com/. The Cypriot watchdog notes that the company is not permitted to provide investment and ancillary services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law, as it has never been authorized by the CySEC. In…

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November 04, 2015 BY Maria Nikolova

CySEC starts assessment of money laundering and terrorist financing risks

Cyprus Investment Firms (CIFs) will have to submit information with the Cyprus Securities and Exchange Commission (CySEC), as a part of a National Risk Assessment (NRA) of Anti Money Laundering and Counter Terrorist Financing Measures. The Cypriot watchdog has earlier today published a circular, informing CIFs, among other regulated entities, of the necessity to submit…

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November 02, 2015 BY Maria Nikolova

CySEC accelerates procedure for examining investment firms' license applications

The Cyprus Securities and Exchange Commission (CySEC) has just made a move towards accelerating the procedure for examining the authorization applications of investment firms. The Cypriot regulator mentions Cyprus investment firms (CIFs) in the set of companies covered by a new offer – a ‘fast track’ examination scheme. The scheme covers applicants who have already…

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