With financial fraud rampant, the Cyprus Securities and Investment Commission (CySEC
CySEC
The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory body in Cyprus. CySEC is one of the main regulators for brokerages in Europe, whose financial regulations and operations comply with the European Financial Harmonization Act MiFID. Founded in 2001, CySEC is instrumental in providing licensing and registration to forex brokers and binary options providers formerly. Responsible for a variety of different functions, including supervision
The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory body in Cyprus. CySEC is one of the main regulators for brokerages in Europe, whose financial regulations and operations comply with the European Financial Harmonization Act MiFID. Founded in 2001, CySEC is instrumental in providing licensing and registration to forex brokers and binary options providers formerly. Responsible for a variety of different functions, including supervision
Read this term) once again a warning against the increasing impersonation of officials and regulatory representatives.
Thursday’s latest warning is one of many warnings about impersonation issued by the Cypriot regulator. In November last year, the regulator said fake individuals and websites were impersonating its officers, representatives, and law firm.
However, the focus now is mainly on scammers trying to solicit a fee in exchange for settling bogus compensation claims related to companies under CySEC supervision. The warning detailed that scammers pretend to be CySEC officers and designated representatives when contacting potential victims.
Scammers even contact customers of CySEC-regulated entities, through emails and phones, phone numbers, names and even official stamps. These scammers often offer to help victims of penalties Internet trade
Internet trade
Online trading represents the trading of fiat currencies, cryptocurrencies, commodities, stocks and indices, where traders and investors intend to make a profit by buying or selling the aforementioned products. This is done through an electronic network, which is accessible to brokers in the form of an online trading platform or center. Online trading continues to experience rapid growth year after year, due to a number of reasons. Firstly, the number of brokers who offer their services for more money
Online trading represents the trading of fiat currencies, cryptocurrencies, commodities, stocks and indices, where traders and investors intend to make a profit by buying or selling the aforementioned products. This is done through an electronic network, which is accessible to brokers in the form of an online trading platform or center. Online trading continues to experience rapid growth year after year, due to a number of reasons. Firstly, the number of brokers who offer their services for more money
Read this term Companies with their compensation claims and illegally obtaining additional personal information.
“CySEC would like to remind the public that it never telephones or sends unsolicited communications to investors or members of the public, nor does it solicit any personal data, financial or otherwise,” the regulator stated.
“CySEC urges the public to remain alert to any unsolicited communication purporting to be from CySEC and to refrain from giving money to anyone dealing with them in a manner similar to the above examples.”
vigil organizer
Meanwhile, CySEC is vigilant against illegal trading platforms trying to capture victims. These platforms often claim to be island-regulated or sometimes impersonate regulated entities.
Moreover, Cyprus is home to dozens of online trading platforms targeting the European markets. These regulated companies can passport a Cyprus Investment Firm License (CIF) to legally provide services throughout the European Economic Area (EEA). Furthermore, CySEC is vigilant towards many of these non-compliant companies and regularly takes enforcement actions or revoke licenses in extreme cases.
With financial fraud rampant, the Cyprus Securities and Investment Commission (CySEC
CySEC
The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory body in Cyprus. CySEC is one of the main regulators for brokerages in Europe, whose financial regulations and operations comply with the European Financial Harmonization Act MiFID. Founded in 2001, CySEC is instrumental in providing licensing and registration to forex brokers and binary options providers formerly. Responsible for a variety of different functions, including supervision
The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory body in Cyprus. CySEC is one of the main regulators for brokerages in Europe, whose financial regulations and operations comply with the European Financial Harmonization Act MiFID. Founded in 2001, CySEC is instrumental in providing licensing and registration to forex brokers and binary options providers formerly. Responsible for a variety of different functions, including supervision
Read this term) once again a warning against the increasing impersonation of officials and regulatory representatives.
Thursday’s latest warning is one of many warnings about impersonation issued by the Cypriot regulator. In November last year, the regulator said fake individuals and websites were impersonating its officers, representatives, and law firm.
However, the focus now is mainly on scammers trying to solicit a fee in exchange for settling bogus compensation claims related to companies under CySEC supervision. The warning detailed that scammers pretend to be CySEC officers and designated representatives when contacting potential victims.
Scammers even contact customers of CySEC-regulated entities, through emails and phones, phone numbers, names and even official stamps. These scammers often offer to help victims of penalties Internet trade
Internet trade
Online trading represents the trading of fiat currencies, cryptocurrencies, commodities, stocks and indices, where traders and investors intend to make a profit by buying or selling the aforementioned products. This is done through an electronic network, which is accessible to brokers in the form of an online trading platform or center. Online trading continues to experience rapid growth year after year, due to a number of reasons. Firstly, the number of brokers who offer their services for more money
Online trading represents the trading of fiat currencies, cryptocurrencies, commodities, stocks and indices, where traders and investors intend to make a profit by buying or selling the aforementioned products. This is done through an electronic network, which is accessible to brokers in the form of an online trading platform or center. Online trading continues to experience rapid growth year after year, due to a number of reasons. Firstly, the number of brokers who offer their services for more money
Read this term Companies with their compensation claims and illegally obtaining additional personal information.
“CySEC would like to remind the public that it never telephones or sends unsolicited communications to investors or members of the public, nor does it solicit any personal data, financial or otherwise,” the regulator stated.
“CySEC urges the public to remain alert to any unsolicited communication purporting to be from CySEC and to refrain from giving funds to anyone dealing with them in a manner similar to the above examples.”
vigil organizer
Meanwhile, CySEC is vigilant against illegal trading platforms trying to capture victims. These platforms often claim to be regulated on the island or sometimes impersonate the regulated entities.
Moreover, Cyprus is home to dozens of online trading platforms targeting the European markets. These regulated companies can passport a Cyprus Investment Firm License (CIF) to legally provide services throughout the European Economic Area (EEA). Furthermore, CySEC is vigilant towards many of these non-compliant companies and regularly takes enforcement actions or revoke licenses in extreme cases.
