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Cysec hasn't had the best reputation for dealing with bad brokers. I am happy to see some signs of improvement.
If you've been scammed by a Cysec regulated broker, here are some new instructions from Cysec...
ANNOUNCEMENT
On the occasion of the full operation of the Financial Ombudsman of the Republic of Cyprus, the Cyprus Securities and Exchange Commission (the "CYSEC") would like to remind the public and all stakeholders on the way complaints against Cyprus Investment Firms ("CIF") are handled.
Investors who consider that they have any disputes with CIFs, for which they are claiming damages, are encouraged to consider submitting their complaint to the Financial Ombudsman.
Address: 13 Lord Byron Avenue, 1096 NICOSIA
Phone: 22848900 (main number)
Facsimile (Fax): 22660584, 22660118
E-mail:
• Complaints: complaints@financialombudsman.gov.cy
• Financial Ombudsman: fin.ombudsman@financialombudsman.gov.cy
• Website: www.financialombudsman.gov.cy
It is important to stress that the CYSEC has no restitution powers. Therefore any complaints submitted to CYSEC are taken into consideration in the performance of its supervisory mandate.
Nicosia 22 October, 2015
Original announcement on Cysec's site.
If you've been scammed, complain to the Cyprus FInancial Ombudsman for restitution. Complain to Cysec to try to get them to force the company to change.
Special thanks to L.Z. for bringing this to my attention.
If you've been scammed by a Cysec regulated broker, here are some new instructions from Cysec...
ANNOUNCEMENT
On the occasion of the full operation of the Financial Ombudsman of the Republic of Cyprus, the Cyprus Securities and Exchange Commission (the "CYSEC") would like to remind the public and all stakeholders on the way complaints against Cyprus Investment Firms ("CIF") are handled.
Investors who consider that they have any disputes with CIFs, for which they are claiming damages, are encouraged to consider submitting their complaint to the Financial Ombudsman.
Address: 13 Lord Byron Avenue, 1096 NICOSIA
Phone: 22848900 (main number)
Facsimile (Fax): 22660584, 22660118
E-mail:
• Complaints: complaints@financialombudsman.gov.cy
• Financial Ombudsman: fin.ombudsman@financialombudsman.gov.cy
• Website: www.financialombudsman.gov.cy
It is important to stress that the CYSEC has no restitution powers. Therefore any complaints submitted to CYSEC are taken into consideration in the performance of its supervisory mandate.
Nicosia 22 October, 2015
Original announcement on Cysec's site.
If you've been scammed, complain to the Cyprus FInancial Ombudsman for restitution. Complain to Cysec to try to get them to force the company to change.
Special thanks to L.Z. for bringing this to my attention.