CySEC Outlines Investor Compensation Scheme for CommexFX Clients

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) has outlined the conditions and processes of its Investor Compensation Fund (ICF), which will help restore funds to clients of CommexFX, a controversial broker formerly operating in Cyprus, per a regulatory circular.

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Back in April, CySEC clamped down on CommexFX following a lengthy saga between the regulator and broker. The full withdrawal of CommexFX’s CIF license came after the broker’s multiple transgressions, which endangered client funds. CommexFX had previously operated mainly in Egypt and China as well as ... (read more)