A Cyprus Investment Firm agreed a settlement with the regulator of Belgium for 140.000 euros
The Financial Services and Markets Authority (FSMA) of Belgium has issued an announcement to inform that the Cyprus regulated investment firm Rodeler Limited has agreed to settle with the Authority for the amount of euro 140.000.
The agreed settlement has its origins in the fact that Rodeler Limited conducted a public offering in Belgium for binary options, CFD and forex products without publishing the prospectus required for that purpose. Moreover, Rodeler Limited has submitted no advertising or other documents relating to the tender offer to the prior approval of the FSMA.
Any public offering of investment instruments in Belgium is subject to the obligation to publish a prospectus.
This prospectus contains information relating to the nature of the investment instrument and the issuer and also mentions the risks associated with the investment. In addition, all documents and advertising relating to a public offer of investment instruments in Belgium must, prior to release, be subject to the approval of the FSMA.
As part of its policy of administrative sanctions, the FSMA may accept a settlement if the person concerned has collaborated in the investigation.
Source: FSMA (in French language)
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