CySEC settled all charges against IronFX.
By Sums On Monday,
Ironfx pay 335,000 EUR to CySEC. CySEC settled all charges against IronFX. Cyprus financial regulator CySEC announced IronFX pay to CySEC EUR 335,000 accept a settlement with the company.
Cyprus financial regulator CySEC recent released about CySEC settled all charges against IronFX. After many traders claimed on various Forex forums, blog etc about be unable to withdraw them funds from the Ironfx currency broker. Finally the Cyprus financial regulator (CySEC) eternal research about Ironfx Global Ltd has an update.
The announcement comes from the local regulator Ironfx pay EUR335,000 to CySEC as a settlement, emerged on the violation of the constitutive framework for CIFs. Ironfx Global Ltd has exercised the right to seek a compromise. In accordance with national legislation, supervised entities have the right to seek a compromise and CySEC may proceed with such commitment for any violation or potential violation. Such agreements are common practice commitment to enforcement authorities worldwide, and CySEC has reached compromise agreements in other cases in the past.
CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission (CySEC) Law of 2009, It has the power to reach a solution for any violation or possible violation, act or omission for there is a reasonable suspicion that a person has committed in violation of the provisions of CySEC’s supervised legislation.
Source: cysec.gov.cy .