CySEC fines former FTX EU entity €200,000

This article is machine translated
Show original
According to FinanceFeeds, the Cyprus Securities and Exchange Commission (CySEC) announced a fine of 200,000 euros against the former FTX EU entity Trek Labs Europe Ltd, due to compliance deficiencies in organizational governance, customer information disclosure, and investor suitability assessment during the period from March to November 2022. The fine has been fully paid and does not constitute a formal determination of misconduct. Additionally, Backpack acquired FTX EU in January this year and promised to return the previously frozen euro funds.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments