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2017 PriorFx CySEC fine

2017 PriorFx CySEC fine was issued on the 23rd of February 2017. The Cypriot regulator discovered that the broker did not comply with several frameworks.

DESCRIPTION

2017 PriorFx CySEC fine was issued on the 23rd of February 2017. The Cypriot regulator discovered that the broker did not comply with several frameworks. PriorFX Scam or reliable?

2017 PriorFx CySEC fine

This time, the CySEC Board has fined CIF PriorFX Ltd €63000 for non-compliance. The regulator stated PriorFX got a fine for noncompliance with the following:

The company has failed to comply at all times with the authorization and operating conditions. As laid down in sections 18(2)(a) of the Law and paragraph 14(1) of Directive DI 144-2007-01 of 2012 of the Securities and Exchange Commission for the Authorisation and Operating Conditions of CIFs,

Sections 36(1)(c) and 36(1)(d) of the Law and paragraphs 14(1), 15 and 16(1) of Directive DI 144-2007-02 of 2012 of the Securities and Exchange Commission for the Professional Competence of Investment Firms and the Natural Persons Employed by Them.

In order to get additional information about the fine 2017 PriorFx CySEC fine, please see the full article about the imposition of fine.

Broker

PriorFX

Regulator

CySEC - Cyprus Securities and Exchange Commission
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