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.
Darren Degraaf of UBC Joins Advisory Board at iComplyICO
We are pleased and honoured to announce that Darren Degraaf, Adjunct Professor of Finance at UBC Sauder Business School, has joined the team at iComplyICO as one of our Advisory Board members! A Lower Mainland native, Degraaf grew up in Abbotsford, Coquitlam, and...
The ICO Exchange: Fraud, Scam, or Bigger Than The Beatles? – Medium
If you haven’t yet read the piece from our CEO and founder, Matthew Unger, we recommend you do so tonight! Less than a 10-minute read, you’ll learn about the emergence of ICOs and whether or not this is a fad or a force with which to be reckoned. The ICO Exchange:...
Qayyum “Q” Rajan Latest Addition to iComplyICO Team
We are thrilled to announce that Qayyum Rajan has joined the powerhouse team at iComplyICO! Qayyum Rajan, or Q as he is better known among friends and colleagues, was born in Vancouver and raised in Kenya. He returned to Vancouver when he was 13 years old. His passion...