CySEC Revokes CIF License of Falcon Brokers After its Prior Suspension
- A dreary end for the CySEC license of Falcon Brokers after its suspension.
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision ) today announced a decision that it made on March 28th, 2016, to revoke the license of Falcon Brokers Ltd, citing the failure of the Cypriot investment firm (CIF) to comply with applicable CIF rules required to maintain its license status. The news follows after CySEC had already extended the suspension of its license as reported by Finance Magnates at the end of 2015, and after clients experienced issues with funding as explained in the original suspension notice last September.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The circular cited article 18 that relates to the organizational requirements of client funds and emphasized that the company must cease to provide investment and ancillary services, and arrange within three months its related obligations to this end.
CySEC requires that Falcon Broker remove and delete any of its reference to being regulated by CySEC from its websites and materials, according to the update which cited the url new.falconbrokers.com.
Several years ago Finance Magnates interviewed a member of the firm's senior management on Swiss financial television while attending an event in Geneva, alongside additional interviews during that time. The company's website lists that its license is suspended until December 31st, and calls to the Cyprus phone number on its website returned a message indicating that the number is no longer in service.
The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision ) today announced a decision that it made on March 28th, 2016, to revoke the license of Falcon Brokers Ltd, citing the failure of the Cypriot investment firm (CIF) to comply with applicable CIF rules required to maintain its license status. The news follows after CySEC had already extended the suspension of its license as reported by Finance Magnates at the end of 2015, and after clients experienced issues with funding as explained in the original suspension notice last September.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone , fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The circular cited article 18 that relates to the organizational requirements of client funds and emphasized that the company must cease to provide investment and ancillary services, and arrange within three months its related obligations to this end.
CySEC requires that Falcon Broker remove and delete any of its reference to being regulated by CySEC from its websites and materials, according to the update which cited the url new.falconbrokers.com.
Several years ago Finance Magnates interviewed a member of the firm's senior management on Swiss financial television while attending an event in Geneva, alongside additional interviews during that time. The company's website lists that its license is suspended until December 31st, and calls to the Cyprus phone number on its website returned a message indicating that the number is no longer in service.