Octa Markets Cyprus’ majority shareholder has lost his voting rights after the Cyprus Securities and Exchange Commission (CySEC) moved to restrict his management influence over the firm. Regulator Cuts Influence CySEC said Prozorov’s role as ultimate beneficial owner was “prejudicial to the sound and prudent management” of the firm. At its August 25 meeting, the regulator voted to suspend the exercise of his voting rights, which cover 95% of the company’s share capital. Prozorov is ...
