Fxview Operating Company Settles with Cypriot Regulator
On December 19, the Cyprus Securities and Investment Commission (CySEC) announced a settlement with Fxview's operating company Charlgate Ltd.
The regulator said that the decision was made in accordance with the Cyprus Securities and Exchange Commission Law of 2009 at a meeting held on December 2.
In 2020, Charlgate acquired Fxview and launched retail trading services through fxview.com.
Charlgate Ltd's regulatory details in CySEC portal
The Cyprus regulator launched an investigation into the company's compliance with regulatory requirements from 2020 to June 2023.
This included the firm's client money protection measures in September 2023 and whether the firm had complied with its obligation to execute orders on the most favorable terms for its clients in July 2023.
Eventually, Charlgate reached a settlement with CySEC and the firm will pay €50,000 to the regulator.
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