The Cyprus Securities and Exchange Commission (CySEC) has confirmed that the Administrative Court has annulled its decision to impose major fines on Ioannis and Amalia Vardinoyiannis, following a long-running legal battle over a 2017 market abuse ruling.
The court issued its decision on June 30, 2025, concerning joint applications 1523/2018 and 1524/2018, filed by the Vardinoyiannis siblings .
The case related to CySEC’s ruling dated November 13, 2017, which fined
