Analysis: CySEC’s Handling of IronFX Created Moral Hazard

[kreslik.news]

In the final days of 2016, Finance Magnates brought a massive story to the spotlight after a copy of a certain document was obtained by yours truly. That piece of digital paper was the Annual Report of the Audit Office of Cyprus. It detailed how the Cyprus Securities and Exchange Commission (CySEC) handled the challenges it faced with a certain brokerage company.

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The name of the CySEC licensed company is IronFX, and the document purported that the firm’s financial situation had deteriorated to the ... (read more)