Forex broker Blackwell Global license withdrawn by CySEC 

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The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as in force (‘the Law’), to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 159/11 of the company «Blackwell Global Investments (Cyprus) Ltd».

In accordance the section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017, the Commission may withdraw the CIF authorisation where a CIF does not make use of the authorisation within 12 months, expressly renounces the authorisation or has provided no investment services or has performed no investment activity for the preceding six months.

Source: CySEC – Decision 06-29-2018 regarding the withdrawal of CIF Blackwell Global

 

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