The Cyprus Securities and Trade Fee (CySEC) launched an investor safety marketing campaign on Tuesday, primarily to sort out the rising worldwide scourge of funding hurt.
The aim of the marketing campaign is to warn buyers in opposition to making funding choices primarily based on emotional and social strain however with rational pondering and information of the market.
The regulator specified that the marketing campaign is in response to the promotion of advanced and dangerous funding merchandise on social media channels. It even specified the growing promotion of crypto merchandise by celebrities.
“ CySEC
CySEC
The Cyprus Securities and Trade Fee (CySEC) is a monetary regulatory authority of Cyprus. CySEC is without doubt one of the key watchdog authorities for brokerages in Europe, whose monetary laws and operations adjust to the European MiFID monetary harmonization legislation.Based in 2001, CySEC is instrumental in offering licensing and registration for foreign exchange brokers and beforehand binary choices suppliers.CySEC is liable for quite a lot of totally different capabilities, which incorporates the supervision and management of the Cyprus Inventory Trade in addition to transactions executed within the Inventory Trade, its listed corporations, brokers and brokerage corporations.Moreover, the regulator additionally supervises and displays Licensed Funding Providers Firms, Collective Funding funds, funding consultants. and mutual fund administration corporations.CySEC’s Position in Combatting Market AbuseOne of CySEC’s most necessary capabilities is the granting of operation licenses to funding corporations, together with funding consultants, brokerage corporations and brokers. This contains provisions for Cyprus Funding Corporations (CIF), who present and carry out funding providers and actions both inside Cyprus or overseas on knowledgeable foundation on sure monetary devices.Lastly, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage corporations, and funding consultants, amongst others. The group has been a key pressure in policing the foreign exchange and binary choices house, which has included a number of authorized actions and curb market abuse. Since 2016, CySEC has sought to take a extra aggressive stance in opposition to illicit habits, whereas additionally strengthening its dealing with of investor complaints in opposition to entities. CySEC is at the moment chaired by Demetra Kalogerou, who has held the position since 2011.The CySEC is run by a seven-member Board, which encompass the Chairman and Vice-Chairman, every of whom present their providers on a full and unique employment foundation, and 5 further non-executive members.All people on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service displays a five-year time period.
The Cyprus Securities and Trade Fee (CySEC) is a monetary regulatory authority of Cyprus. CySEC is without doubt one of the key watchdog authorities for brokerages in Europe, whose monetary laws and operations adjust to the European MiFID monetary harmonization legislation.Based in 2001, CySEC is instrumental in offering licensing and registration for foreign exchange brokers and beforehand binary choices suppliers.CySEC is liable for quite a lot of totally different capabilities, which incorporates the supervision and management of the Cyprus Inventory Trade in addition to transactions executed within the Inventory Trade, its listed corporations, brokers and brokerage corporations.Moreover, the regulator additionally supervises and displays Licensed Funding Providers Firms, Collective Funding funds, funding consultants. and mutual fund administration corporations.CySEC’s Position in Combatting Market AbuseOne of CySEC’s most necessary capabilities is the granting of operation licenses to funding corporations, together with funding consultants, brokerage corporations and brokers. This contains provisions for Cyprus Funding Corporations (CIF), who present and carry out funding providers and actions both inside Cyprus or overseas on knowledgeable foundation on sure monetary devices.Lastly, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage corporations, and funding consultants, amongst others. The group has been a key pressure in policing the foreign exchange and binary choices house, which has included a number of authorized actions and curb market abuse. Since 2016, CySEC has sought to take a extra aggressive stance in opposition to illicit habits, whereas additionally strengthening its dealing with of investor complaints in opposition to entities. CySEC is at the moment chaired by Demetra Kalogerou, who has held the position since 2011.The CySEC is run by a seven-member Board, which encompass the Chairman and Vice-Chairman, every of whom present their providers on a full and unique employment foundation, and 5 further non-executive members.All people on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service displays a five-year time period. Learn this Time period is worried on the rising participation of youthful inexperienced buyers, and the proliferation of fabric on social media and on-line platforms to advertise advanced merchandise that aren’t all the time what they appear,” mentioned the Chairman of CySEC, Dr. George Theocharides.
The regulator even identified that buyers are sometimes unaware of the main points of those dangerous funding merchandise.
“It’s notably worrying that already low monetary literacy ranges are declining, and this has exacerbated the chance of younger individuals not totally understanding the distinctive traits and dangers that buying and selling in these merchandise can carry and plenty of will get in over their head,” mentioned Dr. Theocharides.
Gamification of Buying and selling
Additional, CySEC raised issues concerning the ‘gamification’ of retail investments. It has change into the newest monetary market watchdog to purple flag such methods as a number of different CySEC counterparts are keenly finding out the dangerous impacts of such techniques and contemplating curbs.
Nonetheless, the watchdog of the Mediterranean island didn’t specify if it needs to take any motion in opposition to such ‘gamification of investing’ techniques.
“It’s notably worrying that already low monetary literacy ranges are additionally declining, and this has exacerbated the chance of younger individuals not totally understanding the distinctive traits and dangers that buying and selling in these merchandise can carry and plenty of will get in over their head,” Dr. Theocharides added.
The Cyprus Securities and Trade Fee (CySEC) launched an investor safety marketing campaign on Tuesday, primarily to sort out the rising worldwide scourge of funding hurt.
The aim of the marketing campaign is to warn buyers in opposition to making funding choices primarily based on emotional and social strain however with rational pondering and information of the market.
The regulator specified that the marketing campaign is in response to the promotion of advanced and dangerous funding merchandise on social media channels. It even specified the growing promotion of crypto merchandise by celebrities.
“ CySEC
CySEC
The Cyprus Securities and Trade Fee (CySEC) is a monetary regulatory authority of Cyprus. CySEC is without doubt one of the key watchdog authorities for brokerages in Europe, whose monetary laws and operations adjust to the European MiFID monetary harmonization legislation.Based in 2001, CySEC is instrumental in offering licensing and registration for foreign exchange brokers and beforehand binary choices suppliers.CySEC is liable for quite a lot of totally different capabilities, which incorporates the supervision and management of the Cyprus Inventory Trade in addition to transactions executed within the Inventory Trade, its listed corporations, brokers and brokerage corporations.Moreover, the regulator additionally supervises and displays Licensed Funding Providers Firms, Collective Funding funds, funding consultants. and mutual fund administration corporations.CySEC’s Position in Combatting Market AbuseOne of CySEC’s most necessary capabilities is the granting of operation licenses to funding corporations, together with funding consultants, brokerage corporations and brokers. This contains provisions for Cyprus Funding Corporations (CIF), who present and carry out funding providers and actions both inside Cyprus or overseas on knowledgeable foundation on sure monetary devices.Lastly, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage corporations, and funding consultants, amongst others. The group has been a key pressure in policing the foreign exchange and binary choices house, which has included a number of authorized actions and curb market abuse. Since 2016, CySEC has sought to take a extra aggressive stance in opposition to illicit habits, whereas additionally strengthening its dealing with of investor complaints in opposition to entities. CySEC is at the moment chaired by Demetra Kalogerou, who has held the position since 2011.The CySEC is run by a seven-member Board, which encompass the Chairman and Vice-Chairman, every of whom present their providers on a full and unique employment foundation, and 5 further non-executive members.All people on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service displays a five-year time period.
The Cyprus Securities and Trade Fee (CySEC) is a monetary regulatory authority of Cyprus. CySEC is without doubt one of the key watchdog authorities for brokerages in Europe, whose monetary laws and operations adjust to the European MiFID monetary harmonization legislation.Based in 2001, CySEC is instrumental in offering licensing and registration for foreign exchange brokers and beforehand binary choices suppliers.CySEC is liable for quite a lot of totally different capabilities, which incorporates the supervision and management of the Cyprus Inventory Trade in addition to transactions executed within the Inventory Trade, its listed corporations, brokers and brokerage corporations.Moreover, the regulator additionally supervises and displays Licensed Funding Providers Firms, Collective Funding funds, funding consultants. and mutual fund administration corporations.CySEC’s Position in Combatting Market AbuseOne of CySEC’s most necessary capabilities is the granting of operation licenses to funding corporations, together with funding consultants, brokerage corporations and brokers. This contains provisions for Cyprus Funding Corporations (CIF), who present and carry out funding providers and actions both inside Cyprus or overseas on knowledgeable foundation on sure monetary devices.Lastly, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage corporations, and funding consultants, amongst others. The group has been a key pressure in policing the foreign exchange and binary choices house, which has included a number of authorized actions and curb market abuse. Since 2016, CySEC has sought to take a extra aggressive stance in opposition to illicit habits, whereas additionally strengthening its dealing with of investor complaints in opposition to entities. CySEC is at the moment chaired by Demetra Kalogerou, who has held the position since 2011.The CySEC is run by a seven-member Board, which encompass the Chairman and Vice-Chairman, every of whom present their providers on a full and unique employment foundation, and 5 further non-executive members.All people on CySEC’s Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service displays a five-year time period. Learn this Time period is worried on the rising participation of youthful inexperienced buyers, and the proliferation of fabric on social media and on-line platforms to advertise advanced merchandise that aren’t all the time what they appear,” mentioned the Chairman of CySEC, Dr. George Theocharides.
The regulator even identified that buyers are sometimes unaware of the main points of those dangerous funding merchandise.
“It’s notably worrying that already low monetary literacy ranges are declining, and this has exacerbated the chance of younger individuals not totally understanding the distinctive traits and dangers that buying and selling in these merchandise can carry and plenty of will get in over their head,” mentioned Dr. Theocharides.
Gamification of Buying and selling
Additional, CySEC raised issues concerning the ‘gamification’ of retail investments. It has change into the newest monetary market watchdog to purple flag such methods as a number of different CySEC counterparts are keenly finding out the dangerous impacts of such techniques and contemplating curbs.
Nonetheless, the watchdog of the Mediterranean island didn’t specify if it needs to take any motion in opposition to such ‘gamification of investing’ techniques.
“It’s notably worrying that already low monetary literacy ranges are additionally declining, and this has exacerbated the chance of younger individuals not totally understanding the distinctive traits and dangers that buying and selling in these merchandise can carry and plenty of will get in over their head,” Dr. Theocharides added.
