cysec
UFXMarkets Slapped with OSC Warning, Splits Its Regulation
- The broker who has recently rebranded to the valuable UFX.com domain was added to the Warning List by the Ontario Securities Commission, while segmenting regulatory profile on its site with Cysec and Belize credentials.
Wednesday, 23/07/2014 | 11:42 GMT by
Ron Finberg
Is Cyprus Getting Too Strict? New Companies' Licensing Slashed by One-Third in Q2
- The total number of new investment firms licensed by the Cyprus Securities and Exchange Commission In the second quarter of 2014 went down to only eight firms, a decrease of over 27% Year-Over-Year.
Tuesday, 15/07/2014 | 09:03 GMT by
Avi Mizrahi
CySEC Tightens Reporting Regime in Compliance with European Standard
- The Cypriot watchdog has announced a new capital adequacy and exposure, demanding Investment Firms who hold clients’ money or financial instruments to have an initial capital of at least €200,000.
Monday, 23/06/2014 | 08:40 GMT by
Jeff Patterson
CySEC Replies to Forex Magnates' Questions about Employees Certification Exams 2014
- Many employees working in a Cyprus Investment Firm are required to get certified by CySEC in order to practice their working duties diligently, our reporters have obtained useful commentary to the parties concerned.
Thursday, 22/05/2014 | 20:38 GMT by
Victor Golovtchenko
CySEC Fines AFX Capital Markets Ltd €10,000 on a Number of Violations
- The company operating the AFX Capital brand, based in Cyprus, and with multiple entities regulated in several jurisdictions, got fined a total of ten thousand Euros today, by the Cyprus Securities & Exchange Commission.
Wednesday, 14/05/2014 | 14:44 GMT by
Victor Golovtchenko
CySEC Warns about Binary Options Firm CallandPut.com as Not Authorized in Cyprus
- The Cyprus Securities & Exchange Commission has warned of an unauthorized firm within the Republic that lists its transactions between its clients as taking place in Cyprus where its servers are principally located.
Thursday, 08/05/2014 | 13:41 GMT by
Steven Hatzakis
Executive Interview: Amana Capital CEO Ahmad Khatib on FCA License Value in the Middle East
- Subsidiary Amana Financial Services UK Ltd. has been authorised by the FCA, making it one of the first middle eastern brokers to strengthen its brand position in a market where client awareness is growing rapidly.
Saturday, 26/04/2014 | 19:33 GMT by
Victor Golovtchenko
Ontario Securities Commission Adds a CySEC-Regulated CIF to its Warning List
- The OSC has warned Ontario residents that the company operating binary options brands including 24option.com, 24fx.com, zoneoptions.com, grandoption.com, and binaryoption-affiliate.com, is not regulated in Canada.
Tuesday, 08/04/2014 | 20:50 GMT by
Steven Hatzakis
CySec Issues Its Own Warning About Bitcoins After Parliament Discussion
Thursday, 20/03/2014 | 15:27 GMT by
Ron Finberg
Binary Options Specialist 24option Now Offers Forex
- Binary broker 24options has become one of the first options providers to successfully transition to forex, offering a comprehensive list of forex services and trading instruments with the launch of 24fx.com.
Wednesday, 19/03/2014 | 09:09 GMT by
Jeff Patterson
Maltese Regulator MFSA Warns Against FrontierForex
- An unknown entity has been operating the website since the start of 2013, claiming to be regulated under virtually all EU financial regulators. Consultation with EU registers reveals the entity is a scam.
Tuesday, 18/03/2014 | 08:51 GMT by
Victor Golovtchenko
CySEC Warns Against Imposter Websites Silicon Valley Markets and FXTTCM
- CySEC has issued a press release warning against two imposter websites, one of which has copied regulated Liquid Markets’ design, replacing the logo with its own branding, the other one in Chinese.
Friday, 14/03/2014 | 15:50 GMT by
Victor Golovtchenko
CySEC Fines DC Digital Processing 2 Ltd €5,000 for Its Optionbit.com Website
- The petty administrative fine was delved out by the Cyprus Securities and Exchange Commission (CySEC) after it determined the company had offered its services online before being officially CySEC-regulated.
Friday, 07/03/2014 | 18:46 GMT by
Steven Hatzakis
Exclusive: Colombian Regulator Temporarily Suspends IronFX Operations in the Country
- IronFX, a provider of fx services, has been accused of operating and promoting its products without proper authorization in Columbia, raising allegations from the Financial Supervisory Authority of Columbia.
Friday, 07/03/2014 | 09:27 GMT by
Jeff Patterson
CySEC Issues Warning about the Risks of CFD Trading
- CFDs are considered by the financial supervisory authority as being suitable only for professional clients or highly experienced retail investors who can understand how they work and the risks they entail.
Thursday, 06/03/2014 | 15:02 GMT by
Avi Mizrahi
The Lies FX Sales People Tell and How Brokers Can Avoid Getting into Trouble
- Forex Magnates interviewed the co founders of a consulting firm specializing in the training of Forex and Binary Options sales personal, Karinza, and they exposed the problems specific to the industries.
Friday, 21/02/2014 | 08:04 GMT by
Avi Mizrahi
XM.com Gains ASIC Authorization Under a Subsidiary in Its Parent Company Structure
- The trading name XM.COM, belonging to Trading Point Holdings Ltd, which wholly owns several regulated entities offering online retail brokerage services around the world, just added an ASIC-approved entity to its list.
Wednesday, 19/02/2014 | 14:44 GMT by
Steven Hatzakis
CySEC Addresses FX Inconsistencies with EMIR Reporting, Temporary Lapses
- CySec has released a statement to Cyprus Investment Firms and UCITS Management Companies regarding the inconsistencies of EMIR regulatory matters with regards to fx, coupled with trade repository lapses.
Tuesday, 18/02/2014 | 18:39 GMT by
Jeff Patterson
FIBO Group Announces License with British Virgin Islands' Financial Services Commission
- The latest entity added to the Moscow-headquartered FIBO Group, under the name FIBO Group Ltd, gets licensed with BVI's FSC, adding to the firms CySEC and ASIC regulated firms, totaling 3 regulated firms within the group.
Friday, 07/02/2014 | 14:50 GMT by
Steven Hatzakis
CySEC Warns Investors about Bitcoins While Hello Binary Launches Them
- CySEC has become the latest financial regulator to issue a warning about virtual currencies. In a document published today, the regulator referenced a 2013 report from the European Banking Authority on the matter.
Thursday, 06/02/2014 | 10:39 GMT by
Ron Finberg
Cypriot CySEC is Latest Regulator to Warn about Virtual Currencies - But Still Legal
Thursday, 06/02/2014 | 09:19 GMT by
Ron Finberg
CySEC Warns Brokers: Clients' Tax Avoidance Is a Serious Criminal Offence
- The Cyprus Securities and Exchange Commission explained the legal reasoning behind the criminal definition and listed the steps all regulated companies have to take in order to comply with the law.
Monday, 03/02/2014 | 17:18 GMT by
Avi Mizrahi
CySEC Asks CIFs for Customer Data as New Risk-Based Supervision in Development
- The Cyprus Securities and Exchange Commission has today requested Cypriot Investment Firms (CIFs) to provide certain customer metrics, as the regulator announces a new risk-based supervisory framework underway.
Wednesday, 29/01/2014 | 18:10 GMT by
Steven Hatzakis
Exclusive: Depaho Ltd Soaks Up FXGM as Cypriot M&A Activity Follows the Big Boys
- CySec has today announced that FXGM has renounced its CIF license, with FXGM stating that it has completed a merger with Depaho Ltd, resulting in the transfer of all staff, including CEO Gil Farhang.
Thursday, 23/01/2014 | 14:11 GMT by
Andrew Saks McLeod
CySec Outlines Obligatory CIF Conduct, Highlights Illegality of Withholding Withdrawals
- Cypriot watchdog organization, has released a regulatory statement on the trading benefits to clients of CIFs rendering account opening and deposit bonuses useless as they can be withdrawn without trading.
Thursday, 23/01/2014 | 05:37 GMT by
Jeff Patterson
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