CySec imposed an administrative fine on a Cyprus Investment Firm
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform public that at the meeting held on 30th January 2017, the Board of the Commission decided to impose an administrative fine of €5.000 to CIF Novox Capital Ltd (the Company).
The administrative fine imposed for violating section 34 of The Investment Services and Activities and Regulated Markets Law of 2007, as the Company did not notify CySec immediately, for the material change regarding its trading name ‘ZoomtraderGlobal’ and its website www.zoomtraderglobal.com, but did so on 8th April, 2015 after caution by CySec.
Source: CySec – Imposition of an administrative fine to Novox Capital Ltd
