The Cyprus Securities and Exchange Commission has reached a settlement with FXNET Limited amounting to €225,000. The announcement was made today (Tuesday).

Join IG, CMC, and Robinhood in London’s leading trading industry event!

FXNET operates the brokerage brand EMS Brokers. The company agreed to the settlement following a review under the Investment Services and Activities and Regulated Markets Law.

CySEC Confirms FXNET Settlement Completion

CySEC said the Board took the decision in March this year after examining the company’s operations. The settlement resolves possible breaches identified during the review period. FXNET will pay the amount as part of the settlement. CySEC confirmed that no judicial review has been filed in relation to the case.

Source: CySEC
Source: CySEC

[#highlighted-links#]

Finance Magnates contacted the firm for comment. No response had been received at the time of writing.

Source: Finance Magnates