CySec imposed more than 2 million in Administrative Fines on Investment firms in 2015
The Cyprus Securities and Exchange Commission (CySec) has imposed the total of €2,174 million of fines on Cyprus Investment Firms in 2015. In this amount is included a settlement made between CySec and a CIF.
The biggest fines were imposed on WGM Services Ltd, IronFX Global Ltd, Pegase Capital Ltd and Depaho Ltd.
Specific, for the year 2015, the fines imposed by CySec were as below:
– Imposed fines on 14 Cyprus Investment Firms in total of €1,509 million.
– Fined 3 directors of Cyprus Investment Firms for the total of €330.000. 2 Directors were fined €150.000 each and 1 Director was fined €30.000.
– Reach a Settlement with a CIF for the amount of €335.000.
Click on CySec Fines in 2015 to find more about:
- The name and the amount of each company fined
- The reason of the fine
- Companies that their CIF License Suspended and Withdraw
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