Search Results for: EU commission
GDPR fines mount
September 2nd, 2020
In the over two years since Europe’s General Data Protection Regulation (GDPR) was implemented on the EU and EEA, a team of financial analysts from Finbold has studied the fines and penalties that data protection authorities have imposed within ...
CySEC announced settlement with insurance company for possible market abuse violations
July 24th, 2020
The Cyprus Securities and Exchange Commission («CySEC») has announced that a settlement has been reached with an insurance company based in Cyprus for possible violation of the Market Abuse legislation. In accordance with the CySEC’s decision: CySEC, under article ...
Crypto trading volumes plummeted in June, but Altcoins are moving up
July 14th, 2020
This week the price of Bitcoin (BTC) started trading around $9,200 and quickly moved up to $9,450. A potential rally was rejected close to $9,500 and BTC’s price then moved back down to $9,150, but it has since recovered ...
Fondex adds another funding method to its payments arsenal
July 7th, 2020
Fondex, the multi-award winning and regulated online CFD broker, proudly announces further expansion of its available account funding methods, with the addition of B2BinPay. B2BinPay is one of the leading cryptocurrency payment providers supporting crypto/crypto and crypto/fiat payments. Fondex ...
U.S. opens new investigations into countries planning digital taxes
June 16th, 2020
The United States is stepping up pressure on other countries over negotiations for a digital services tax, opening new probes into nations planning higher duties on tech giants. The U.S. trade representative announced Tuesday it is investigating Austria, Brazil, ...
Fondex expands its global presence by acquiring FSA Seychelles license
June 9th, 2020
Multi-award winning Forex and CFD broker, Fondex, announces the opening of a new entity, Fondex Limited, along with the acquisition of a new license by the Seychelles Financial Services Authority (FSA SC). Established in 2017, and acquiring its CySEC ...
The UK financial markets regulator bars Cyprus Investment Firms
June 4th, 2020
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a press release to inform that has taken action to stop four Cypriot investment firms from continuing to offer ...
CySEC reached a settlement with a Cyprus Investment Firm for possible violations
June 1st, 2020
The Cyprus Securities and Exchange Commission (CySEC) has announced that has reached a settlement agreement with a Cyprus Investment Firm (CIF) regarding possible violations of the relevant legislation. In accordance with the CySEC’s Board decision dated 09th of March ...
A resident of Denmark charged in $1.5 million Forex fraud scheme
May 25th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging defendant Casper Mikkelsen, a/k/a “Carsten Nielsen,” a/k/a ...
Administrative fine and ban for executive directors of PFX Financial Professional; CySEC’s announcement
May 13th, 2020
The Cyprus Securities and Exchange Commission (CySEC) has issued today a press release to announce its final decision regarding executive directors of PFX Financial Professional. The CySEC’s Press Release says: The Cyprus Securities and Exchange Commission (“CySEC”) today announces that ...
