The Cyprus Securities and Exchange Commission CySEC has recently announced that it issued several warnings with regard to Brisk Liquidity, Binatex, and Primus Trade.
CySEC made public to investors, that Brisk Liquidity Ltd uses on its website www.briskliquidity.nz the name of Cyprus Investment Firm (“CIF”) Globia Wealth Ltd (License No. 318/17), where in fact there is no relation between the two companies.
CySEC informed as well that it did not issue Brisk Liquidity Ltd a license for the provision of investment services and/or investment activities, as provided for in Article 5 of Law 87 (I) / 2017.
CySEC’s Logo Misused
On the other hand, Binatex -according to CySEC- does not belong to an entity obtaining authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017.
CySEC draw the attention as well, that the information published on the website binatex.com , and linked to CySEC’s logo, are misleading, as they imply Binatex is in the registration process, which does not reflect the reality.
In a similar context, CySEC declared as well, that Primus Trade (primustrades.com) is not associated with an entity that is granted permission for the the provision of investment services and/or the performance of investment activities, as dictated in Article 5 of Law 87 (I)/2017.
CySEC denied also that B.O. TradeFinancials Ltd could have regulated the management of Primus Trade and its agreement with customers, for the provision of investment services.
TradeFinancials Ltd Withdraws Its License
CySEC confirmed that on 21.2.2018, B.O. TradeFinancials Ltd, voluntarily withdrew its investment services license No. 216/13.
It is worth mentioning that CySEC has urged investors to refer to its website, before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities.