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The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement today highlighting that it is suspending the license of Cyprus Investment Firm (CIF) AirFinance Pro Ltd. The company’s authorization will be taken away for a month pending further action by the regulator.
AirFinance Pro Ltd has been the operator behind a number of binary options brands including Porto F.C. sponsor Buzztrade, CFD Royal, Investing Area and Uptrade7. The license of the company is suspended on the grounds of possible non compliance with the regulatory framework in Cyprus.
The section highlighted by the regulator as being potentially ... (read more)