Alert! CySEC issued a warning for unregulated entities
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017.
- naga-markets.online
- icfxmarkets.com
- caliburcapital.net
The Article 5 of Law 87 (I)/2017 provides that, in relation to Cyprus Investment Firms (CIFs), the provision of investment services and/or the performance of investment activities as a regular occupation or business is subject to prior authorisation that is granted by the CySEC.
CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities.
Source: CySEC
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