AFX Capital Fined €50,000 to Settle Regulatory Violations with CySEC

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with AFX Capital Markets Ltd, the Cypriot arm of AFX Markets Ltd, fining the firm €50,000 for violating the Investment Services and Activities and Regulated Markets Law.

According to the watchdog’s statement, the violations related to non-compliance with the Section 28(1) of the Directive 144(Ι)/2007, and in particular with the conditions laid down in sections 18(2)(d) and 18(2)(g) of the Cyprus investment law.

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The said articles of Cypriot law often govern the information provided on firms’ websites. ... (read more)