Some very strange pronouncements have been coming lately from Cyprus' financial regulator CySEC relating to FX brokers. For example yesterday we see CySEC announce a €50,000 fine against eToro, with no real explanation given. (The press release mentioned a very vague "weaknesses concern[ing] the organisation/operation structure of the Company in their early operation days..."). So what's really happening here? After doing a little digging, LeapRate has detected a somewhat frightening pattern, whereby Cyprus' financial regulator CySEC has been systematically approaching various of its licensed FX brokers in the ... (full story)