CySEC Greatly Tightens Staff Education and Knowledge Requirements

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) is continuing its effort to keep Cyprus Investment Firms (CIFs) diligently informed about the latest regulatory updates. The watchdog has reminded brokerages that are regulated on the island that they have to adequately train and monitor their staff.

A CySEC spokesperson commented to Finance Magnates on the matter: “Aggressive sales techniques deployed by certain firms providing online trading instruments are proven to harm investors and damage consumer confidence in the industry as a whole.”


“Firms under our supervision must communicate with their clients in a fair and honest manner, in compliance ... (read more)