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Morgen Charles Company

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Operating status: SCAM

Website: http://www.morgencharles.com/

Broker violations and abnormal records
  • 2023-05-16 The OSC issued a warning against Morgen Charles Company

    On May 17, 2023, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/morgen-charles-company

    On May 17, 2023, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/morgen-charles-company
  • 2023-05-17 BrokersView has reviewed that Morgen Charles Company is an unregulated broker

    Morgen Charles Company claims to be operated by FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED PARTNERSHIP registered in the UK. Although we did find its incorporation data in the Companies House (CH) registry, we didn't find any records in the Financial Conduct Authority (FCA) register supporting its legitimacy in the financial market. Therefore, this UK-based broker operates without an appropriate authorization. In addition, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities.

    In essence, Morgen Charles Company is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Morgen Charles Company claims to be operated by FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED PARTNERSHIP registered in the UK. Although we did find its incorporation data in the Companies House (CH) registry, we didn't find any records in the Financial Conduct Authority (FCA) register supporting its legitimacy in the financial market. Therefore, this UK-based broker operates without an appropriate authorization. In addition, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In essence, Morgen Charles Company is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-20 The UK FCA issued a warning against Morgen Charles Company

    On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Morgen Charles Company, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/morgen-charles

    On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Morgen Charles Company, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/morgen-charles

Related Complaints

Q&A

Can I cancel the deposit?

Gan Kolen
Guyana
2023-05-22
ANSWER Morgen Charles Company is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Morgen Charles Company claims to be operated by FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED PARTNERSHIP registered in the UK. Although we did find its incorporation data in the Companies House (CH) registry, we found no records in the Financial Conduct Authority (FCA) register supporting its legitimacy in the financial market. Therefore, this UK-based broker operates in the absence of appropriate authorization. In addition, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities.Regarding your question, we strongly suggest you avoid dealing with Morgen Charles Company. This is an unlicensed broker coming with huge risks such as loss of funds and identity theft. Once your money is in the platform, there are no legal protections in place to safeguard it. As such, investors are encouraged to stay away from unlicensed brokers like Morgen Charles Company and to choose fully regulated ones instead.
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