Japan's MoF Bureau Warns against Two Unregistered Brokers
Posted: Thu Feb 18, 2016 10:47 am
The Kanto finance bureau of Japan’s Ministry of Finance (MoF) has today issued two parallel updates on its website warning against two entities including 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 where 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, ... (read more)