The fiscal regulatory torso inward Republic of Cyprus (The Republic of Cyprus Securities as well as Exchange Commission) announced today that FX broker icetrader.com - owned as well as operated past times CIF Glistentree Holdings Ltd - has
renounced its Republic of Cyprus Investment Firm license as well as volition live on winding downwards operations.
Icetrader’s website instantly lists instructions for clients to take away remaining funds. The CySEC press unloosen doesn’t patch whatsoever specific argue for the firm’s drastic actions, only the means mentioned that monetary penalties were levied against i of the company’s shareholders inward September.
Danny Rothman (Daniel Rubinstein), shareholder of CIF Glistentree Holdings, was
fined €100.000 for submitting forged academic titles as well as falsified taxation statements to the CySEC.
The Board of the
Cyprus Securities Exchange Commission likewise banned Mr. Rothman from the fiscal manufacture for v years as well as referred the example to the Attorney General inward Cyrpus for criminal investigation.
The CySEC tilt reads:
“The CySEC considers the protection of clients’ interests to live on of the utmost importance as well as so volition closely monitor the Company’s actions inward relation to this issue.”