CySEC Slaps €64,000 Fine on PriorFX for Multiple Charges

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has fined the FX and CFDs broker PriorFX Ltd €64,000 ($67,780) for violating the Investment Services and Activities and Regulated Markets Law, according to a regulatory announcement.


PriorFX is regulated by CySEC, license 221/13, and therefore has to comply with Cypriot regulations in order to maintain its CIF trading license and offer its services across Europe, the watchdog stated.

Although it didn’t provide a breakdown or further details for the regulatory fines, CySEC’s action reflects the violations of several articles of the Investment Services and Activities and ... (read more)