Search Results for: SEC
CySec approved two firms as Administrative Services Providers
June 29th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued announcements to inform that two firms has been approved as Administrative Services Providers (ASP). According the announcements, the below firms have been approved: 1) MG Master Group Mutual Trust Ltd Prodromou ...
Pound Tumbles for a Second Day as Brexit Spurs Political Chaos
June 27th, 2016
Brexit vote reverberates across nation’s political spectrum Sterling drop only half what we’ll see in 2016: Standard Bank The big question for pound traders may have been answered, but the outlook for the currency is murkier than ever. Sterling dropped ...
CySec’s Circular to Cyprus Investment Firms about Brexit effects
June 24th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued today a Circular requesting from Cyprus Investments Firms to inform the Commission regarding Brexit effects on their activities. According to CySec’s Circular, following the Circular C130, the Cyprus Securities and ...
CySec suspends the license of a Cyprus Investment Firm
June 21st, 2016
The Cyprus Securities and Exchange Commission (CySec), has issued an announcement to inform that the Commission has decided to suspend the licence of a Cyprus Investment Firm. The authorisation of the Cyprus Investment Firm ‘AirFinance Pro Ltd’, with number ...
CySec’s first rejection of an Administrative Services Provider authorisation
June 16th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, at the meeting held on 28th March 2016, decided to recall its decision dated 13th July 2015 to grant an authorisation for providing Administrative Services (‘ASP’) to Opus Trust Management Ltd (‘the Company’), ...
CySec has issued a circular for CIFs regardig their remuneration obligations
June 16th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular wishes to remind the Cyprus Investment Firms (CIFs) about their obligations concerning remuneration policies and practices. In particular: 1. The CIFs must establish, implement and maintain remuneration policies ...
A new Cyprus Investment Firm is authorised by CySec
June 15th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that the authority has authorised a new Cyprus Investment Firm. According to CySec, “B.I.A. Blueport Investment Advisors Ltd“ has successfully obtained the CySec ...
CySec warns that individuals are falsely presenting themselves as CySec officers
June 13th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a warning to inform investors and the general public regarding individuals impersonating CySec officers : According to CySec’s warning: Following up on the relevant Cyprus Securities and Exchange Commission (‘CySEC’) announcement ...
SEC bars electronic company’s corporate officials for accounting fraud
June 10th, 2016
The Securities and Exchange Commission today announced that it has barred a former corporate vice president and suspended a former controller behind false accounting at a New York-based electronics company. An SEC investigation found that IEC Electronics Corp. improperly ...
CySec announced that a Cyprus Investment Firm renounced its authorisation
June 10th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 31 March 2016, the CIF Glestimon Management Limited, which provided investment services via the domain www.glestimon.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities ...
