Cypriot Investment Firm Grow Wealth Assets Limited Renounces its CySEC license

[kreslik.news]

The exodus of Cypriot Investment Firms (CIFs) continues as another company – Grow Wealth Assets Limited – renounced its license with the Cyprus Securities and Exchange Commission (CySEC).

CySEC today made the announcement in a public statement, and explained how the firm offered investment services under the url growwealthassets.com but had renounced its license on May 23 2016, and how its license has therefore lapsed as of that date.

Based on relevant rules under Cypriot regulations, pursuant to section 24(3) of the law, Grow Wealth Assets Limited has three months to settle any obligations arising from the investment services that have now ... (read more)