Cyprus Mail

Banc De Binary, CySEC agree on €350,000 settlement

The Cyprus Securities and Exchange Commission (CySEC) and Investment firm Banc De Binary have reached a settlement for the amount of €350,000 over possible violations of the law.

“A settlement has been reached with the Cyprus Investment Firm Banc De Binary Ltd (BDB) for which there was suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 and of the Directives issued pursuant to the Law,” CySEC said.

The investigation involved an assessment of the company’s compliance with the conditions under which it had received its licence, and conduct of business obligations when providing investment and ancillary services to clients.

“The settlement reached with BDB, for the possible violations, is for the amount of €350.000,” CySEC said.

The company has paid the money.

Related Posts

Jab status, age no predictor of long Covid

Antigoni Pitta

Second arrest in connection with attempted murder

Antigoni Pitta

Herbs recalled after failure to list potential allergen

Antigoni Pitta

New divorce laws in place by Christmas

Antigoni Pitta

Prison guards call off strike but reject government offer (Updated)

Antigoni Pitta

Omonia fans ready for ‘experience of a lifetime’

Jonathan Shkurko


Comments are closed.