The Cyprus Securities and Exchange Commission (CySEC) has informed about a prolonged suspension of the company Trademarker (Cyprus) Ltd, for its wellknown brand SkyFX or Capital Option.
Firstly, CySEC suspended the authorization of Trademarker of the Cyprus Investment Firm in February 15, 2016, justifying it with an announcement that the broker has violated the Investment Services and Activities and Regulated Markets Law.
As for the violations, here is an exact summary:
section 12 (persons who effectively direct the business of a CIF;
section 13 (CIF shareholders);
section 18(2)(c) (organisational requirements).
During the suspension period, the company can not provide or perform any investment services/activities, pursuant to section 26(5) of the Law; it shall, if existing clients wish so, without being considered in violation of section 26(5) of the Law,; it shall close all open positions in relation to clients’ contracts, or of its own, on their maturity date or on an earlier date if the client so wishes; it shall return to existing clients all of their funds and profits earned.
Consob warns against 55profit
Furthermore, Italy’s financial markets watchdog Consob goes on in updating its blacklist, and the latest subject, provided with its warning is the 55profit broker.
55profit, operating from the website www.55profit.com, provides binary options services to English-speaking and Italian-speaking customers. On the ground of its authority, the latter had to draw the attention of the Italian supervisor.
Consob warns that 55profit is not authorized to offer any investment services in Italy.
The previous warning that Consob issued against an unauthorized binary options broker targeted OptionCM for the month of December 2015.
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