The Cyprus Securities and Exchange Commission issued a warning today to inform
all investors that the company Smart Trade FX, (www.smarttradefx.com):
- Is not permitted to provide investment and ancillary services in the Republic,
pursuant to Investment Services and Activities and Regulated Markets Law, as:
- It has never been authorized by the Commission.
- Ιt is not a bank or a cooperative firm, established in the Republic and
authorised to provide such services.
- No notification has been received by a competent authority of another
Member State, pursuant to sections 77 and 80 of the above mentioned Law.
- Is not regulated by the Commission.
The Commission urges investors, before conducting business with Investment Firms, to
consult its Web Site (http://www.cysec.gov.cy/default_en.aspx) to confirm the entities
that are authorized to provide investment services in the Republic.
Check your country's regulatory authority often.
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