CySEC extends suspension of Forex broker UBFS Invest, begins withdrawal proceedings LeapRate

September 21, 2016 BY LeapRate Staff

CySEC extends suspension of Forex broker UBFS Invest, begins withdrawal proceedings

Cyprus financial regulator CySEC has extended the CIF license suspension of retail forex broker UBFS Invest (full legal name: UBFS Invest Powered By Moneychoice Brokers Ltd). The regulator also noted that it has started the process to withdraw UBFS Invest's authorization. A visit to the UBFS Invest website now yields the following pop-up: CySEC has stated that…

August 09, 2016 BY Valentina Kirilova

CySEC continues CIF license suspension of Forex broker UBFS Invest

Cyprus financial regulator CySEC has once again extended the retail forex broker UBFS Invest (full legal name: UBFS Invest Powered By Moneychoice Brokers Ltd)'s suspension. CySEC has stated that UBFS appears to be non-compliant with Cyprus’ law of protection of client funds, its own funds appear to be less than the sum of its capital…

June 29, 2016 BY LeapRate Staff

CySEC continues CIF license suspension of Forex broker UBFS Invest

Cyprus financial regulator CySEC's typical modus operandi when faced with a suspension-worthy offense by one of its regulated entities is to suspend the CIF license of that company for one month, giving the company a full 30 days to fix things. Sometimes that happens, but sometimes it doesn't happen. In the case of retail forex…

May 27, 2016 BY Mike Fox

CySEC suspends license of Forex brokerage UBFS Invest for capital deficiencies

The Cyprus Securities and Exchange Commission announces that, following a decision in the meeting dated 23 May 2016, the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’, with number 239/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in…

Tag: UBFS Invest powered by Moneychoice Brokers Ltd