Breaking News – CySEC-regulated BDSwiss Group banned by UK FCA
The Cypriot CySEC is the weakest regulator in the EEA, next to the Maltese MFSA. This is no secret, or is it? Other EEA regulators like CNMV, Consob, or the UK FCA are actually pissed off by the many CySEC investment firms (CIF) attacking clients in their regulatory regimes with fraudulent online marketing campaigns, offshore entities, and non-compliant methods. The FCA has already banned several CySEC firms from the UK market in the past. Today, it stopped BDSwiss Group.