Earlier this year Chinese traders and IBs filled 160 complaints against IronFX with the District Court of Limassol. According to the claimants, the CySec regulated forex broker has denied withdrawal requests from 150 customer accounts with total amount of client funds close to $1.25 million.
Below is the official anouncement from CySec:
As a consequence of media reports and the increasing number of complaints submitted by investors against the Cyprus Investment Firm IronFX Global Ltd (the CIF), the Cyprus Securities and Exchange Commission (the CySEC) wishes to clarify that there is an ongoing investigation against the CIF with respect to possible infringements of the Legislation. Upon completion of the investigation, the CySEC will publish its findings and/or will proceed with further announcements in the meantime, if deemed necessary.
The CySEC examines the complaints submitted to it by investors, against any supervised entity, in the context of its statutory mandate. For complaints against Cyprus Investment Firms that relate to possible compensation claims, the investors are encouraged to contact the Financial Ombudsman, which is the competent body to examine compensation claims via an extrajudicial procedure, at [email protected].
the Financial Ombudsman, which is the competent body to examine compensation claims via an extrajudicial procedure, at [email protected].
http://leaprate.com/2015/08/cysec-co...ate-exclusive/
Below is the official anouncement from CySec:
As a consequence of media reports and the increasing number of complaints submitted by investors against the Cyprus Investment Firm IronFX Global Ltd (the CIF), the Cyprus Securities and Exchange Commission (the CySEC) wishes to clarify that there is an ongoing investigation against the CIF with respect to possible infringements of the Legislation. Upon completion of the investigation, the CySEC will publish its findings and/or will proceed with further announcements in the meantime, if deemed necessary.
The CySEC examines the complaints submitted to it by investors, against any supervised entity, in the context of its statutory mandate. For complaints against Cyprus Investment Firms that relate to possible compensation claims, the investors are encouraged to contact the Financial Ombudsman, which is the competent body to examine compensation claims via an extrajudicial procedure, at [email protected].
the Financial Ombudsman, which is the competent body to examine compensation claims via an extrajudicial procedure, at [email protected].
http://leaprate.com/2015/08/cysec-co...ate-exclusive/