Thu, December 08, 2022

CySEC

Broker News

CySEC Revokes ICF Membership of Four Companies

The CySEC withdrew the Investors Compensation Fund membership of four companies (ICF). The four companies are; Sharelink Securities & Financial Services, MPS Marketplace Securities, Woodbrook Group, and Finteractive. The Cypriot regulator recently removed the ICF membership of multiple companies, some of which have also lost their CIF licenses. These businesses include iTrader, Daweda Exchange, and …

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Broker News

CySEC Fines GCB Ltd €120k for Possible License Offense

On Friday, CySEC announced an agreement of €120,000 with General Capital Brokers Limited, a Cyprus Investment Firm. The Cyprus financial market regulator said the settlement would cover the broker’s possible breach of several laws, including the country’s investment services and Activities and the Regulated Markets Law of 2017. CySEC fined the brokerage for failing to …

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