February 13, 2013 BY Gerald Segal
CySEC, lacking funding, is shaking down FX brokers – the real story
CySEC threatening FX brokers if they don't settle quietly and pay large fines. LeapRate Exclusive -- Some very strange pronouncements have been coming lately from Cyprus' financial regulator CySEC relating to FX brokers. For example yesterday we see CySEC announce a €50,000 fine against eToro, with no real explanation given. (The press release mentioned a very vague…
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