CySEC announced in its official announcement that:
The loss in ICF status does not affect the rights of clients to compensation for investments made up to the point of loss. If the conditions for compensation have been met according to the Directive it does not prevent clients from initiating the compensation process.
RMG Holdings, a Cyprus-based company, has voluntarily renounced its CIF authorizations by March 2022. Trilt, a Forex and CFDs broker firm in the United States decided to renounce their CIF license at an earlier date.
In February, CySEC revoked the ICF memberships of three companies.
The article CySEC announces the withdrawal of ICF members RMG Holdings, and Trilt first appeared on LeapRate.
