BCSC Advisory Regarding Pegasus Global Trading Limited

BCSC (British Columbia Securities Commission) adds Pegasus Global Trading Ltd. to the province’s Investment Caution List
What Happened?
April 23, 2020: Pegasus Global Trading Ltd., which claims to be a UK-based online trading platform, was found to be advertising their services to the residents of British Columbia without the required licensing
Pegasus is neither registered to trade in, nor advise on, securities and derivatives in Canada. According to Canadian legislation, Pegasus’ activities were regulated and the firm has been added to the IOSCO warnings list.
Source: https://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Pegasus_Global_Trading_Ltd_/
Who Is Impacted?
Any Canadian citizen who may have utilized Pegasus Global for advisory or investment-related services. North American businesses engaged in similar business activities or direct business relationships with Pegasus.
Why This Matters?
The BCSC’s Investment Caution List helps Canadian investors identify if they are at risk of a total loss of capital–with no recourse for recovery–when dealing with unlicensed service providers operating outside Canada’s regulatory oversight.
What’s Next?
By adding Pegasus Global Ltd. to the Investment Caution List, the BCSC has sent a clear message that these unlawful practices of promoting an unlicensed business can result in public enforcement. Appearing on these lists will damage a companies reputation and create barriers to their growth.
learn more
Is your AML compliance too expensive, time-consuming, or ineffective?
iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience.
Request a demo today.
2025 Outlook: Data Privacy and Security in KYB, KYC, AML Compliance
In today’s rapidly changing digital landscape, data privacy and security are more crucial than ever for compliance teams. As regulations tighten and cyber threats evolve, businesses must prioritize innovative solutions. Enter edge computing, a game-changer for KYC,...
The Journey of KYC Data: Comparing Legacy Systems to Edge Computing
Edge Computing: The Future of KYC Compliance
Enhance security, streamline workflows, and achieve data sovereignty with edge computing for KYC. Learn how iComply’s solution keeps sensitive data local, secure, and compliant.
Beneficial Ownership 101: Navigating Complex Corporate Structures
Mastering Beneficial Ownership Reviews: A Compliance Analyst’s Guide
Simplify complex beneficial ownership reviews with automated data collection, verification, and reporting. Enhance compliance, reduce risk, and streamline due diligence with iComply.
From Setup to Success: A Quick Start Guide to Integrating the iComply Platform
Transform Compliance from Chaos to Confidence
Streamline KYC, KYB, AML processes, enhance client experience, and reduce risk with iComply’s comprehensive compliance solution. Say goodbye to manual tasks and hello to efficiency.