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The Cyprus Securities and Exchange Commission (CySEC) announced today that following a meeting held on 25 July 2016, it has decided to impose an administrative fine of €2,000 on M&L Invest Union Markets Ltd for non-compliance with the law.
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The brokerage, which trades under the url www.belarta.com and describes itself as a an STP/DMA broker that offers both retail and institutional services for clients has, according to CySEC’s statement today, violated article 3 of Implementing Regulation (EU) No 680/2014 of the European Commission and paragraph 61(4) ... (read more)