CySEC Extends Suspension of UBFS Invest Again for Capital Failings
Posted: Mon Aug 08, 2016 12:57 pm
Following a decision that the regulator made on 1st August 2016, the Cyprus Securities and Exchange Commission (CySEC) has today announced that it has continued the suspension of the Cypriot Investment Firm (CIF) licence of UBFS Invest, powered by Moneychoice Brokers Ltd.
Capital Inadequacies
UBFS Invest had its licence temporarily suspended in May after its capital requirements fell below proper levels, as reported by Finance Magnates.
CySEC then extended the firm’s suspension in June prior to a further extension, details of which have been released in a statement today.
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