Japan’s Kanto Financial Bureau warns that Gold Pegasus Forex and YBinary have not obtained needed registration and warned the public of this today.
The Kanto finance bureau of Japan’s Ministry of Finance (MoF) has today issued two parallel updates on its website warning against two entities - Y Marketing Services Co Ltd, and Gold Pegasus LTD.
The firms had made solicitations under YBinary and Gold Pegasus Forex, respectively, and the circular highlighted that the entities are lacking registration with the regulator. It cited local supervision rules supporting the advisory warning to clients.
The circular from the Japanese regulator warns that Y Marketing Service Co Ltd, described as located in the UK under the address 20-22 Wenlock Road, London, England, had no known representatives, and that the name “YBinary” was associated with its offering.
The parallel circular today from the Kanto finance bureau also warned about Gold Pegasus LTD. It has its director listed as Kenichi Kobashi, with a post office box address in the BVI as follows, P.O.Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. Remarks included that its services was provided under the name Gold Pegasus Forex, and offered OTC derivatives transactions online.
the warnings highlight that the two companies mentioned lacked any registration with the Japanese regulator
A facebook post appears to link Kobashi to Gold Pegasus: the url mentioned in the post returns a website that lists the address mentioned in the above warning. The same public facebook profile linked his name to two additional sites including mt4.client.jp.
In addition, cached versions of the url gpfx-ins.com/content/about.html mentions the offering, yet currently that site is returning a page saying that the firm has ceased its business since February 15th.
It says: "We know this comes as disappointing news to our clients, but rest assured that we will do everything we can to take care of each of you in manner of good faith." It's not clear where client funds were held, or what their fate will be if this story unfolds further.
Both warnings from the regulator disclosed how the information was obtained from solicitation materials and could therefore possibly be incorrect or false. Nonetheless, the warnings highlight that the two companies mentioned lacked any registration with the Japanese regulator and this prompting it to inform clients in Japan of the risks of dealing with unregistered firms.
A link to a file from the Japanese Financial Services Authority (JFSA) mentioned both companies in the announcement and which were added to the list of prior warnings.
The Kanto finance bureau of Japan’s Ministry of Finance (MoF) has today issued two parallel updates on its website warning against two entities - Y Marketing Services Co Ltd, and Gold Pegasus LTD.
The firms had made solicitations under YBinary and Gold Pegasus Forex, respectively, and the circular highlighted that the entities are lacking registration with the regulator. It cited local supervision rules supporting the advisory warning to clients.
The circular from the Japanese regulator warns that Y Marketing Service Co Ltd, described as located in the UK under the address 20-22 Wenlock Road, London, England, had no known representatives, and that the name “YBinary” was associated with its offering.
The parallel circular today from the Kanto finance bureau also warned about Gold Pegasus LTD. It has its director listed as Kenichi Kobashi, with a post office box address in the BVI as follows, P.O.Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. Remarks included that its services was provided under the name Gold Pegasus Forex, and offered OTC derivatives transactions online.
the warnings highlight that the two companies mentioned lacked any registration with the Japanese regulator
A facebook post appears to link Kobashi to Gold Pegasus: the url mentioned in the post returns a website that lists the address mentioned in the above warning. The same public facebook profile linked his name to two additional sites including mt4.client.jp.
In addition, cached versions of the url gpfx-ins.com/content/about.html mentions the offering, yet currently that site is returning a page saying that the firm has ceased its business since February 15th.
It says: "We know this comes as disappointing news to our clients, but rest assured that we will do everything we can to take care of each of you in manner of good faith." It's not clear where client funds were held, or what their fate will be if this story unfolds further.
Both warnings from the regulator disclosed how the information was obtained from solicitation materials and could therefore possibly be incorrect or false. Nonetheless, the warnings highlight that the two companies mentioned lacked any registration with the Japanese regulator and this prompting it to inform clients in Japan of the risks of dealing with unregistered firms.
A link to a file from the Japanese Financial Services Authority (JFSA) mentioned both companies in the announcement and which were added to the list of prior warnings.
US Operator of Binary Option Brands Fined $516K for $10M Scam
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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