The Board of the Cyprus Securities and Exchange Commission (CySEC) has decided to impose a total administrative fine of €1,000,000 to Cyprus investment firm Itrade Global (CY) Ltd.
The fine stems from violations of The Investment Services and Activities and Regulated Markets Law of 2017. The regulatory action follows an inspection in 2020 of the activities of the Company’s tied agent, which it appointed to act on its behalf in Spain.
Itrade Global operates two approved domains: www.investfw.com and www.tradedwell.com. Its list of trade names include TRADEFW, INVESTFW, and TRADEDWELL.
CySEC imposed the following penalties on Itrade Global:
- A fine…
Read More
