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
Abstract:CySEC confirms that it has been informed by Rodeler and Hoch Capital of their intentions to renounce their CIF authorizations.
Hoch Capital Ltd (trading as iTrader and tradeATF) and Rodeler Ltd (trading as 24option) have informed the Cyprus Securities and Exchange Commission (CySEC) of their intentions to renounce their Cyprus Investment Firm (CIF) authorizations.
Today, the Cypriot regulator said that, at its meeting on July 6, 2020, it approved, the proposed timeframe of implementation of actions by the companies prior to CySEC revoking their authorisation.
Lets recall that, on June 1, 2020, CySEC said it was suspending the CIF authorizations of these brokers.
As FinanceFeeds reported in June, the UK Financial Conduct Authority (FCA) barred Hoch Capital Ltd (trading as iTrader and tradeATF) and Rodeler Ltd (trading as 24option) from offering CFD trading services in the UK. The regulator said that these firms used unauthorised celebrity endorsements on social media as part of their marketing. The firms used social media and webpages carrying fake endorsements from celebrities to entice consumers into the scams involving CFDs.
The FCA estimates that UK investors have lost hundreds of thousands of pounds in these investments. A number of customers are known to have lost more than £100,000 to the schemes.
The orders require the companies to stop selling CFDs to UK customers, to close existing positions with UK customers, to return UK customers‘ money and to notify UK customers of the FCA’s action.
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.
The German Federal Financial Supervisory Authority (BaFin) has recently flagged a fraudulent clone of the licensed retail FX and CFD broker Pepperstone. This fake entity, operating under the domain pepperstone.life, has been offering financial and investment services without obtaining the necessary regulatory authorisation.
The Royal Malaysian Police (PDRM) have raised concerns over the increasing use of TikTok by criminal syndicates to lure victims into investment scams.
Webull Canada now offers extended trading hours from 4 a.m. to 5:30 p.m. ET, plus options trading. Gain flexibility and manage risk in an ever-changing market.
Webull Financial, alongside Lightspeed Financial Services Group and Paulson Investment Company, LLC, has agreed to pay a collective fine of $275,000 following an investigation by the US Securities and Exchange Commission (SEC). The penalty was issued due to the firms’ failure to include essential information in suspicious activity reports (SARs) over a four-year period.