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Cypriot regulator steps up pressure on unregulated firms

The Cypriot regulator is warning investors not to use the services of Cayo Flow Capital.

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In an announcement distributed to investors, CySec said the company is not regulated to provide investment and ancillary services and has never been regulated.

According to its website, Cayo Flow is an investment company which focuses specifically on providing access to alternative investments. It describes itself has having been created by “the strategic partnering of a handful of investors and business professionals, each bringing different degrees of knowledge” to the company.

In particular the website mentions foreign exchange trading, managed futures, private equity and “raw” commodity investments as areas in which it will provide access for Cayo Flow clients.

CySec warned investors to check its website to ensure companies are regulated with them prior to making any investment.

Earlier this month, CySec warned investors about Plaza Capital, an unregulated firm offering investors asset management and cash deposit services, indicating that the regulator is stepping up its efforts to stamp out financial crime.
 

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