The Cyprus Securities and Change Fee (CySEC) right this moment issued a warning in opposition to 4 unauthorized brokerages.
The warning targets:
CySEC warns that the above-mentioned web sites don’t belong to an entity which has been granted an authorization for the supply of funding companies and/or the efficiency of funding actions, as offered for in Article 5 of Legislation 87 (I)/2017.
The regulator urges buyers to seek the advice of its web site (www.cysec.gov.cy), earlier than conducting enterprise with funding companies, to be able to verify the entities, that are licensed to offer funding companies and/or funding actions.
CySEC frequently updates its checklist of unauthorized funding agency. In October 2023, the Fee warned in opposition to 16 unregulated brokerages.