CySEC slaps Cyprus investment firm with €50,000 fine

The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has imposed a total administrative fine of €50,000 on Cypriot investment firm (CIF) IC Markets (EU) Ltd.

According to the announcement, the fine was imposed for violations of the Investment Services and Activities and Regulated Markets Law of 2017 (L.87(I)/2017).

In addition, CySEC said that the issuing of the fine follows a decision by the commisison’s board on July 1, 2024.

The commission...