Cyprus Securities and Exchange Commission

Year 2001Regulated by Government

The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

Disclose broker

Danger Unauthorized

Smartoptionfx

Disclosure summary

Disclosure matching Website matching
Disclosure time 2019-06-29
Reason for punishment The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the website smartoptionfx.com, does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities

Disclosure details

Warning regarding unregulated entities

WARNING The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the website smartoptionfx.com, does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. In the above mentioned website, there is a reference on the name and license number of the former Cyprus Investment Firm B.O. Tradefinancials Ltd (license number 216/13). CySEC wishes to draw your attention that, on 25.6.2018, it has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the company B.O. Tradefinancials Ltd. CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Nicosia, 20 June 2019 This unofficial English text is for information purposes only and is not legally binding.

Annex

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Sanction

2023-04-19

IBF SecuritiesCase of punishment for violation of securities management laws by a joint-stock company and its former employees (Financial Securities Regulatory Commission No. 1110360776; Financial Supervisory Securities Commission No. 11103607762)