The Cyprus Securities and Exchange Commission (CySEC) announced it has extended the suspension of the financial services license of Pegase Capital Limited, which operates through the brands Interactive Option and HelloBrokers for binary options activities and MTXPlus for its forex business.
The decision was taken on April 4, pursuant to the initial announcement of March 4. Back then the CySEC decided to suspend Pegase Capital’s license for violations of the authorization regulation and failure to comply at all times with the authorization and operating conditions, thus putting at risk its own operation and its clients’ interests. During the period of suspension Pegase Capital does not have the right to perform investment activities and must let its clients close all their positions and withdraw their funds.
The company had one month to take actions and get back in line with the regulations and requirements, which it obviously hasn’t, but at least it has complied with the license suspension and has stopped its operations:
Previously, the CySEC imposed on Pegase Capital a number of small fines for not complying with the laws related to the licensing and operation of investment companies and the regulations for prevention of money laundering. The penalty amounted to €300 000.
Earlier on Thursday Canada’s British Columbia Securities Commission has warned that Pegase Capital and its binary options broker Interactive Option do not have a license to perform financial services in British Columbia.
Pegase Capital was established in 2013 and had only a Cyprus license. It operates under the brands Interactive Option and HelloBrokers for binary options activities and MTXPlus for its forex business.