CySEC Slaps Over $450,000 Fines on Bank of Cyprus and its Officers
Posted: Sun Oct 16, 2016 4:39 pm
The Cyprus Securities and Exchange Commission (CySEC) has slapped Bank of Cyprus Public Company Ltd and its general manager, as well as a number of its officers, with massive fines in excess of €435,000 ($478,000) in connection with possessing inside information and other infringements.
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The administrative fines were imposed after CySEC concluded its investigation into violations made by the Bank of Cyprus Public Company Ltd, its board of director members and its general manager due their responsibility or negligence. According to a CySEC announcement, the ruling is related to the transparency ... (read more)