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The Cyprus Securities and Exchange Commission (CySEC) today announced that it has continued the suspension of the Cyprus Investment Firm (CIF) UBFS Invest, backed by broker Moneychoice Brokers Ltd.
As reported by Finance Magnates in May, UBFS Invest was initially flagged for non-compliance and had its license temporarily suspended by CySEC following several allegations of multiple violations. The watchdog then extended the firm’s suspension in June followed by a further extension in August, 2016.
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Today the regulator announced that the company authorization continues to be suspended due ... (read more)