CySec warns on unauthorised firm
The Cyprus Securities and Exchange Commission (CySec) has issued a warning to inform the investors that ‘LARNACA FİNANS LTD’ (http://www.gkfx.com/LARNACA):
1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as:
- It has never been authorized by the Commission.
- Ιt is not a bank or a cooperative firm or a company, established in the Republic and authorised to provide such services.
- No notification has been received by a competent authority of another Member State, pursuant to sections 77 and 80 of the above mentioned Law.
2. Is not regulated by the Commission.
The Commission urges investors, before conducting business with providers of investment services, to consult its Website to confirm that the entities are duly authorised to provide investment services.
Source: CySec- CySec warns on unauthorised firm
