The Cyprus Securities and Exchange Commission (CySEC) today announced a €100,000 settlement with BCM Begin Capital Markets CY Ltd.

The company, previously known as OX Capital Markets Limited, operates several websites, including www.profitlevel.com; www.capitalpanda.com; and www.begincapitalmarkets.com.

The settlement concerns possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017. More specifically, the investigation for which the settlement was reached, involved assessing, for the period January 2021 until September 2021, the Company’s compliance with:

• 1. Article 5(1) of the Law, regarding the requirement for CIF authorization.
• 2. Article 25, paragraph (1) and (3), of the Law, regarding general principles and information to clients.

Let’s recall that, earlier in 2022, CySEC announced a settlement with the company for the amount of €170,000.