Capital.com operator fined €10K by CySEC for late submission of suspicious trading
Cyprus financial regulator CySEC has announced that it has imposed a (relatively small) fine of €10,000 against CIF license holder Capital Com SV Investments Ltd, operator of the Capital.com online trading brand.
The regulator said that the fine was for non-compliance with regulations on market abuse, after the company informed CySEC with undue delay about two suspicious transactions and orders reports, for its reasonable suspicions that certain transactions could constitute insider dealing.
CySEC added that in making its decision it took into account the fact that company did indeed report the suspicious transactions, albeit belatedly, and that the company has not fallen into any similar offense in the past.
The CySEC order regarding the Capital.com fine can be seen here (pdf).