UBFS Invest Suspended by CySEC After Capitalization Threatened
Posted: Thu May 26, 2016 1:37 pm
The Cyprus Securities and Exchange Commission (CySEC) has announced that Cyprus Investment Firm (CIF) UBFS Invest, backed by broker Moneychoice Brokers Ltd is suspended with immediate effect, following several allegations of multiple violations, according to a CySEC statement.
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UBFS Invest, powered by Moneychoice Brokers, and provides foreign exchange (FX) trading systems for market participants. The suspension of its authorization by CySEC was dictated by multiple suspicions of violations that ran counter to the regulator’s Markets Law.
In particular, UBFS Invest is ... (read more)