The Cyprus Securities and Exchange Commission (CySEC) has
announced the withdrawal of two Cyprus Investment Firm (CIF) authorizations.
CySEC Withdraws CIFs for Two Firms
On 11th November 2024, CySEC revoked the CIF authorization
of Arumpro Capital Ltd. This decision follows the company’s explicit
renouncement of its authorization under the Investment Services and Activities
and Regulated Markets Law of 2017.
In a statement on their website, Arumpro Capital Ltd said,
“We regret to inform you that Arumpro Capital Ltd has made the difficult
decision to renounce its license and cease offering investment services and
activities. We value our customers and investors and appreciate the trust you
have placed in us over the years.”
The company further added, “Please note that, as
communicated, all positions have been closed and access to trading accounts has
been terminated.”
Finance Magnates has contacted Arumpro Capital for a
comment. At the time of writing, the company has not yet responded.
On 4th November 2024, CySEC also withdrew the CIF
authorization of Greenpost Trading Europe Ltd, following the company’s similar
decision to renounce its authorization under the same legal provisions.
The Cyprus Securities and Exchange Commission (CySEC) has
announced the withdrawal of two Cyprus Investment Firm (CIF) authorizations.
CySEC Withdraws CIFs for Two Firms
On 11th November 2024, CySEC revoked the CIF authorization
of Arumpro Capital Ltd. This decision follows the company’s explicit
renouncement of its authorization under the Investment Services and Activities
and Regulated Markets Law of 2017.
In a statement on their website, Arumpro Capital Ltd said,
“We regret to inform you that Arumpro Capital Ltd has made the difficult
decision to renounce its license and cease offering investment services and
activities. We value our customers and investors and appreciate the trust you
have placed in us over the years.”
The company further added, “Please note that, as
communicated, all positions have been closed and access to trading accounts has
been terminated.”
Finance Magnates has contacted Arumpro Capital for a
comment. At the time of writing, the company has not yet responded.
On 4th November 2024, CySEC also withdrew the CIF
authorization of Greenpost Trading Europe Ltd, following the company’s similar
decision to renounce its authorization under the same legal provisions.
This post is originally published on FINANCEMAGNATES.
