Company to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors
October 14th, 2016
The Securities and Exchange Commission announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for stocks.” An ...
SEC: Deutsche Bank to pay a $9.5 million penalty
October 13th, 2016
The Securities and Exchange Commission today announced that Deutsche Bank Securities has agreed to pay a $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts. Deutsche Bank also published an improper research ...
CySec announced approval of a new Administrative Services Provider
October 12th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that a firm has been approved as Administrative Services Provider (ASP). According the announcement, the below firm have been approved: CITCO (Cyprus) Ltd 10 Diomidous Street, Alphamega Akropolis ...
CUSTOMER SUPPORT OFFICERS
October 11th, 2016
Industry: Financial Services Introduction: XTrade, an Investment firm regulated by Cysec, is an innovative company which has developed a robust and unique web trading platform for foreign currency trading. Description: XTrade is an award-winning provider of desktop and mobile trading services, featuring ...
CySec informs CIFs regarding Capital adequacy requirements
October 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform the Cyprus Investment Firms (CIFs) regarding Capital adequacy requirements – Change in the treatment of the Investors Compensation Fund Contribution. According to the Circular, CySec informs CIFs for the ...
Vanilla Options Vs. Binary Options – A Closer Look
October 10th, 2016
The growth and widespread adoption of online financial trading has given rise to many innovative products designed to help traders maximize their efficiency and improve their profitability. With many new and inexperienced traders entering the market, demand for simplicity ...
Credit Suisse Paying $90 Million to settle charges
October 6th, 2016
The Securities and Exchange Commission today announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management ...
Man in Limassol – Cyprus in hunger strike as he believes that a Forex company cheated him with his investment
October 5th, 2016
As a Cyprus news website reports, a man from Romania living in Limassol – Cyprus begun a hunger strike as he believes that a Forex company cheated him and asks for 40,000 euro that he believes that belongs to ...
CySec approved two new Cyprus Investment Firms
October 4th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued announcements to inform that “IFC Investments Cyprus Ltd“ and “Jin Daocheng Ltd” have successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firms are ...
Cyprus Investment Firm gets CySec’s approval
October 3rd, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “FXBFI Broker Financial Invest Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now ...
