CySEC announces €270,000 settlement with TopForex operator

The Cyprus Securities and Exchange Commission (CySEC) announced that it has reached a settlement agreement with Goldenburg Group Limited, the operator of forex trading services broker TopForex. Goldenburg will pay €270,000 to CySEC for possible regulatory violations.

According to the Cypriot watchdog, the broker has possibly breached the provisions of legislation under the regulatory remit of CySEC during the period January 2018 and October 2020.

The CySEC stated that the settlement reached with Goldenburg amounts to €270,000. The company settled the amount of €270,000.

Goldenburg Group Limited is a fully licensed company, supervised by the Cyprus Securities and Exchange Commission (CySEC), with CIF License number 242/14, providing a comprehensive investment services internationally. The firm provides clients with opportunities in multiple trading sectors such as Forex, Shares, Commodities and/or Indices offering innumerable financial instruments.