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Tag: Pacific Union Seychelles

Attention: UK FCA Updated Warning Against Offshore Broker PU Prime. Red Compliance Rating Confirmed!

Offshore Broker tamir -
FinTelegram published an initial review of offshore broker PU Prime in April 2022. This offshore broker offers its financial products to clients in the UK and EEA without the required regulatory authorizations. In addition to the UK FCA, which updated its warning on November 10, 2023, the Danish FSA has also issued a warning against PU Prime, mentioning that the offshore broker is advertised via financial influencers.

UK FCA Follows FinTelegram And Warns Against Offshore Broker PU Prime!

FCA Charlene Lensburg -
FinTelegram published an initial review of offshore broker PU Prime in April 2022. This offshore broker, regulated by the FSA Seychelles, offers its financial products to clients in the UK and EEA without the required regulatory authorizations. We have placed the broker on our Red Compliance List. The UK FCA also shares this assessment. On May 10, 2023, the UK regulator warned against PU Prime. You should avoid the broker.

New on the offshore radar: Seychelles-base PU Prime!

CySEC Charlene Lensburg -
For regular readers of FinTelegram, it is no secret that we put a special focus on offshore broker activities in our market monitoring. An efficient way to detect unauthorized offshore brokers is to follow fraudulent marketing campaigns and fake review sites. A fake review site led us to Pacific Union Group a/k/a PU PRIME which acquires clients worldwide. While we do not deem PU Prime as a scam, we established that they offer their regulated financial services unauthorized in Europe and most other regulatory regim

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