TradeFW

CySEC has fined Itrade Global, the parent company of InvestFW, TradeFW, and Tradedwell, €1 million for regulatory non-compliance. The fine addresses issues such as conflicts of interest, inadequate client information, and failure to maintain proper marketing material. The violations were linked to a tied agent operating in Spain, which led to the imposition of the fine for not ensuring compliance with local regulations and failing to assess the risks associated with their products for specific client segments.

CySEC has fined Itrade Global, the parent company of InvestFW, TradeFW, and Tradedwell, €1 million for regulatory non-compliance. The fine addresses issues such as conflicts of interest, inadequate client information, and failure to maintain proper marketing material. The violations were linked to a tied agent operating in Spain, which led to the imposition of the fine for not ensuring compliance with local regulations and failing to assess the risks associated with their products for specific client segments.