CySEC Slaps €200,000 Fines on Pegase Capital Officers, Bans Owner for 5 Years

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) today announced a series of financial penalties on the directors of Pegase Capital, which had its CIF licenses renounced last year. The Cypriot regulator has also banned the company’s owner Michel Teman from exercising professional activity related to the financial sector for a number of years.

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This decision marks the conclusion of CySEC’s long-time investigation into the suspected failings at Pegase Capital, which was operating a number of FX and binary options brokers under its ... (read more)