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CommexFX and Al Omari fined for Misleading Cyprus Regulators

Discussion in 'Scam Alerts' started by Master Yoda, Jul 6, 2015.

  1. Master Yoda

    Master Yoda Captain

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    The Cyprus Securities and Exchange Commission (CySEC) just revealed today that it took several measures against CommexFX in the past. CySEC announced its board ruled on November 11, 2013, to impose an administrative fine of €30.000 on Abdel Rahman El Amary and another fine of €100.000 on CommexFX.

    Full Article: CommexFX and Director Fined for Misleading Cyprus Regulators | Finance Magnates
     
  2. Pharaoh

    Pharaoh Colonel

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  3. Master Yoda

    Master Yoda Captain

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    TheLoser likes this.
  4. TheLoser

    TheLoser Banned for extremely uncivilized conduct

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    I think you guys should have a big warning sticky note in the forum…"Stay away from CySEC regulated brokers". This is unbelievable!
     
  5. Pharaoh

    Pharaoh Colonel

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    Personally, I find Cysec finally taking actions against some of the worst brokers out there to be encouraging. I still can't recommend Cysec as a reliable regulator, but my own opinion of Cysec has begun to slowly improve.
     

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