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According to an announcement made by the Cyprus Securities and Exchange Commission (CySEC), the parent company of Capital Option and SkyFX, two brokerages that have been under intense scrutiny by the regulator, has been designated with a provisional liquidator.
The bankruptcy proceeding is the first step towards the recovery of client funds by customers of the brokerages that are owned by TRADEMARKER (CYPRUS) LTD. Larnaca based, Andrea Andronikou has been appointed as provisional liquidator on the case.
The appointment of a liquidator precedes recovery of client funds one way or another. As the bankruptcy proceeding unfolds, the provisional liquidator ... (read more)