cysec Archives - The Industry Spread

Nima Siar Promoted To Role of Chief Sales Officer at FX Primus

Cyprus-headquartered forex brokerage services provider FX Primus recently revealed in an announcement stating that it has promoted one of its executives recently. According to the statement released by the firm, it has promoted Nima Siar who has been serving at the firm for the last nine months to the role of Chief Sales Officer. Nima Siar is an industry veteran with nearly 17 years of experience serving in the financial services industry.

Peter Leonidou Hired as LMAX Exchange’s Director of Sales

As per the recent announcement made by the firm, UK based FCA regulated LMAX Exchange now has a new Director of Sales and Business Development. According to the statement, Peter Leonidou an industry veteran with more than two decades of experience in Fintech, financial service sales verticals has joined the firm to head its activities in the European market. This move from the firm comes shortly after it announced the acquisition of Cyrus based CySEC regulated retail brokerage firm CB Capital.

UGL Exchange Promotes COO Alicia Ziomek to the Role of CEO

Cyprus based Forex broker UGL Exchange has released a statement stating that it has promoted Alicia Ziomek to the role of Chief Executive Officer effective immediately. Alicia is already a part of UGL family and has been working as Chief Operating Officer for the past one year.

EU based Forex Service Provider Goldenburg Group Fined 170000 Euro over Regulatory Violations

The Goldenburg group hails from Cyprus and is known for on providing trading services for Forex and CFD instruments via brokerages which are wholly owned subsidiaries. According to recent statement released by the regulatory, Top Forex brand – a brokerage owned by Goldenburg group which has been active for last 5 years via which it provides forex trading services to some of the major European markets has failed to meet multiple compliance requirements due to which the group has been fined 170,000 Euros.