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Fake CySEC Representatives Scam Investors

Location and Jurisdiction.

The Cyprus Securities and Exchange Commission or CySEC is the agency that regulates the financial industry in Cyprus, which is a European Union member state. CySEC Forex brokers are completely accountable to the CySEC under the MiFID directive, and are liable to legal action, including hefty fines and suspension of /5(10).

Why Are CySEC Regulated Brokers Popular?

The Cyprus Securities and Exchange Commission (CySEC) has warned consumers today that it has become aware of a scam, where individuals or entities are illegally impersonating the regulator. The most recent case that has come to the attention of CySEC is a person claiming to be Fabir Mayer. According.

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It’s okay to be suspecious and to have questions. We are more than happy to help you.

Responsibilities CySEC has a number of responsibilities, which include the following:

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