CySec: warning
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has issued a press release warning the investors that the companies:
- ‘Mercuria Technologies Ltd’ (http://www.optionsmarter.com)
- ‘Frontiers Group Investment Ltd’ (http://frontierforex.com/)
Are not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as:
i. they have never been authorized by the Commission.
ii. they are not a bank or a cooperative firm, established in the Republic and authorised to provide such services.
iii. No notification has been received by a competent authority of another Member State, pursuant to sections 77 and 80 of the above mentioned Law.
Therefore, they are not regulated by the Commission.
The Commission urges investors, before conducting business with Investment Institutions, to consult its Web Site (http://www.cysec.gov.cy/default_en.aspx) to confirm the entities that are authorised to provide investment services in the Republic.
Source: CySec
