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CySEC reaches €100,000 settlement with BrokerCreditService (Cyprus) Limited

CySEC has reached a €100,000 settlement with investment firm BrokerCreditService (Cyprus) Limited.

The CySEC has fined BrokerCreditService (Cyprus) Limited for non-compliance with article 16(2) of Regulation (EU) 596/2014 on market abuse.

BrokerCreditService is the CySEC licensed arm of Russian retail banking and brokerage firm BCS Financial Group.