简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
CySEC Fines FXVC Operator €100K for Possible Regulatory Violations
Abstract：The Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose €100,000 fines on the Finteractive Ltd, the operator of trading brand FXVC, for possible regulatory violations.
As early in this year, FXVC has decided to voluntarily renounce its CIF license (238/14) of CySEC to operate as an investment firm.
CySEC imposed €100K fines
According to CySEC, the settlement has been reached with the CIF Finteractive Ltd for possible violation of the Investment Services and Activities and Regulated Markets Law of 2017(«the Law»). More specifically, the investigation for which the settlement was reached, covers the period 1.8.2019 to 28.2.2021 and involved assessing the Finteractives compliance with article 22(1) of the Law as to the authorisation condition laid down in article 17(2) of the Law, regarding the organisational requirements with which a CIF is required to comply.
As a result, the company agreed to pay the amount of €100.000.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Why Scammers Let You Win Before Taking It All
One of the most cunning tactics fraudsters employ is allowing victims to win at first. But why do scammers take this approach, and how does it work?
How to Avoid Risks from Scam Brokers in Forex Investment
In recent years, the forex market has become a popular choice for global investors due to its high liquidity and 24-hour trading advantages. However, according to the recently concluded WikiFX "3·15 Forex Rights Protection Day " event, we received over 6,000 pieces of evidence exposing rights violations within a short period. This reflects that, although the forex industry is becoming more regulated, fraudulent platforms continue to emerge, causing significant suffering for many victims.
Will Trump's Trade Policies Fuel Inflation? BlackRock Warns of Economic Risks
Bitcoin and crypto prices plummet as recession fears and inflation warnings shake markets. Experts warn of prolonged economic challenges ahead.
WikiFX "3·15 Forex Rights Protection Day" – Official Release of the Blacklist
WikiFX, as a globally leading forex investment ecosystem service platform, has always been committed to providing fair and authoritative broker verification services for forex investors, while offering solid rights protection support for every victim of forex investment. On February 26, 2025, WikiFX once again launched its annual "3·15 Forex Rights Protection Day" event, aiming to empower forex investors to speak out and defend their rights through open, transparent, and robust means.
WikiFX Broker
Latest News
FINRA Panel Orders Stifel to Pay $132.5M for Misleading Investors
WikiFXThe Future of Trading is Here: How AI is Reshaping the Market Landscape
WikiFXNigeria’s Oil and Gas Sector Gains Momentum
WikiFXHow to Avoid Risks from Scam Brokers in Forex Investment
WikiFXGold Price Hits Record High Amid Economic Uncertainty and Policy Shifts
WikiFXCould DeepSeek Be Linked to a $390 Million Fraudulent U.S. Server Deal?
WikiFXRipple Secures Dubai License: First Blockchain Payments Provider in DIFC
WikiFXBSP Restricting Offshore Forex Trades to Control Peso Volatility
WikiFXRetiree Loses RM2.33 Million in Investment Scam – Could You Be Next?
WikiFXWill Trump's Trade Policies Fuel Inflation? BlackRock Warns of Economic Risks
WikiFXCurrency Calculator
