ACFX License Remains Suspended as CySEC Continues Investigations
Posted: Wed May 11, 2016 2:18 pm
A touch over a month after the suspension of the license of ACFX, the Cyprus Securities and Exchange Commission has announced that the broker’s license remains suspended. The regulatory watchdog has outlined in a statement that the board of the CySEC has convened to extend the suspension until further notice.
Finance Magnates broke the story about Chinese clients of ACFX suffering from withdrawal delays. The event was followed shortly with another report that CySEC has suspended the license of the brokerage and key executives from the firm leaving.
With the increasing uncertainty about the matter the likelihood ... (read more)