Friday, November 8, 2024

CySEC Settles With BCM Begin Capital Markets For Possible Regulatory Violations!

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The multi-asset broker BCM Begin Capital Markets CY Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 274/15. On 16 December 2022, CySEC informed that a €100,000 settlement has been reached with the BCM for possible violations of the regulatory framework. The second settlement in 2022. In July 2022, CySEC informed that a €170,000 settlement has been reached for possible violations of the regulatory framework (report here). This makes €270,000 for the full year. Impressive, isn’t it.

Key Data

Trading namesBCM
Begin Capital Markets
ProfitLevel
CapitalPanda
Business activityMulti asset broker
Domainswww.profitlevel.com
www.capitalpanda.com
www.begincapitalmarkets.com
Legal entityBCM Begin Capital Markets CY Ltd
JurisdictionCyprus
RegulationCySEC license no 245/15
Related individualsIvor Lehotan, Michal Kajan, Robert Palus.

All amounts payable relating to settlement agreements are considered revenue (income) of the Treasury of the Republic and do not constitute income of CySEC.

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If you have any information about BCM Begin Capital Markets, its operators and facilitators, please let us know through our whistleblower system, Whistle42.