CySEC Temporarily Suspends CIF License of FXFINPRO Capital

[kreslik.news]

The Cyprus Financial regulator CySEC has just informed the public that it handed down a suspension on the Cyprus Investment Firm (CIF) license of ‘PFX Financial Professionals Ltd’, which operates the brand FXFINPRO Capital, according to a decision being made at the meeting dated November 24, 2016.

The regulatory action comes amidst a sustained crackdown on unregulated and less-than-reputable brokers operating in Cyprus, as the regulator attempts to protect customers from unlicensed brokers that exhibit predatory practices.

FXFINPRO, which holds registration number 193/13, had its licence temporarily suspended after CySEC raised concerns over practices by the company and its executives that the ... (read more)