The Cyprus Securities and Exchange Commission (https://www.financemagnates.com/tag/cysec/” target=”_blank” rel=”noopener”>CySEC) has settled with Royal Forex Ltd for “any violation or possible violation” of local regulations. The brokerage operator paid €120,000 as a part of the settlement process.
The decision for the settlement was taken by the regulator’s board on 3 October but announced on Thursday.
The settlement was reached as there were concerns of possible regulatory compliance violation by the brokerage operator between July 2020 and October 2021…
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