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Ex-owner of NessFX, OptionWeb renounces Cyprus license

 The Cyprus Securities and Exchange Commission (CySEC) announced the company Lionsman Capital Markets (Cyprus) Ltd has renounced its license on June 9, 2017.


“Therefore, the CIF authorisation with Νumber 175/12 lapsed as from the abovementioned date”, CySEC said. This, however, does not mean that the company is free of obligations. Instead, it has three months from the date settle its obligations arising from the investment services that lapsed and will remain under CySEC supervision until it does so.


Lionsman Capital Markets was providing investment services via the domain www.lionsmancm.com, which has been inactive for a while now, as per our check.


Lionsman is the former owner of the forex brokerage NessFX and the binary options broker OptionWeb. The former is now owned by FxNet Limited and the latter – by Spot Capital Markets Limited. Both are regulated by CySEC, just as Lionsman.


Last month we reported that Lionsman has paid to CySEC a €90 000 settlement for violations of the authorization requirements regarding its marketing materials, internal procedures and clear information for the clients on the risks of trading.

 

 

TAGS: cysec  lionsman capital markets  nessfx 
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