The Cyprus Securities and Exchange Commission (CySEC) has reached a €150,000 settlement with NAGA Markets Europe.
The meeting where the regulatory decision was made took place in March 2023. However, the decision was announced today.
The settlement is in accordance with article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, which goves CySEC the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe that it took place in violation of the provisions of CySEC’s supervised legislation.
The settlement concerns possible violations of Τhe Investment Services and Activities and Regulated Markets Law of 2017.
