Icetrader’s website now lists instructions for clients to withdraw remaining funds. The CySEC press release doesn’t state any specific reason for the firm’s drastic actions, but the agency mentioned that monetary penalties were levied against one of the company’s shareholders in September.
Danny Rothman (Daniel Rubinstein), shareholder of CIF Glistentree Holdings, was fined €100.000 for submitting forged academic titles and falsified tax statements to the CySEC.
The Board of the Cyprus Securities Exchange Commission also banned Mr. Rothman from the financial industry for five years and referred the case to the Attorney General in Cyrpus for criminal investigation.
The CySEC statement reads:
“The CySEC considers the protection of clients’ interests to be of the utmost importance and therefore will closely monitor the Company’s actions in relation to this issue.”
