CySEC Annual Report Marks €2.65 million in Fines Against CIFs

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement recapping the achievements of the regulator in 2015. The watchdog has highlighted that the increased efforts including on site checks led to a massive increase in the amount of fines collected which totaled €1.7 million ($1.9 million).

When the settlements which the regulator has reached with Cyprus Investment Firms are included the amount increases by €685,000 to a total of €2.65 million. CySEC has actively been engaging in more checks and balances throughout 2015, however a number of clients of brokers from the island are left pondering whether their interests ... (read more)