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TGL
On February 7, 2024, the British Columbia Securities Commission (BCSC) issued a warning against TGL, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/tgl
On February 7, 2024, the British Columbia Securities Commission (BCSC) issued a warning against TGL, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/tglTGL purports to be an online trading platform, claiming to be based in the UK with a registration number of 15404731.
While the registration number appears to be valid according to the Companies House (CH) records, TGL has not secured a license from the Financial Conduct Authority (FCA). This makes its financial services provision in the UK illegal. Furthermore, the platform only offers its CH registration number as proof of legitimacy, which is insufficient. For legal operation and solicitation of investors, trading platforms like TGL require financial licenses.
Moreover, TGL accepts clients from British Columbia (BC), which has prompted a warning from the British Columbia Securities Commission (BCSC). TGL is not registered to trade in, or advise on, securities or derivatives in BC.
In summary, TGL is not regulated by any governing body, presenting a high risk for investors. The absence of legal protections means that funds entrusted to it are not secure.
Therefore, TGL appears to be a potential scam.
TGL purports to be an online trading platform, claiming to be based in the UK with a registration number of 15404731.While the registration number appears to be valid according to the Companies House (CH) records, TGL has not secured a license from the Financial Conduct Authority (FCA). This makes its financial services provision in the UK illegal. Furthermore, the platform only offers its CH registration number as proof of legitimacy, which is insufficient. For legal operation and solicitation of investors, trading platforms like TGL require financial licenses.Moreover, TGL accepts clients from British Columbia (BC), which has prompted a warning from the British Columbia Securities Commission (BCSC). TGL is not registered to trade in, or advise on, securities or derivatives in BC.In summary, TGL is not regulated by any governing body, presenting a high risk for investors. The absence of legal protections means that funds entrusted to it are not secure.Therefore, TGL appears to be a potential scam.
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