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CySEC reaches €50k settlement with Alvexo operator VPR Safe Financial Group

The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement has been reached with VPR Safe Financial Group Ltd.

The AMF’s Enforcement Commission found that FSM’s failures were attributable to its manager, Lior Mattouk.

Alvexo parent VPR was fined €100,000 last year by CySEC, settling charges of CFD marketing violations.

Alvexo is an Italy and France focused Retail FX and CFD broker, run from Cyprus by Israeli CEO Yael Kleinman.