Pearson Investments Review
Reason to avoid: No License
Listed Date: November 12, 2018
Top 3 Regulated Forex Brokers
Beware Pearson Investments is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
Pearson Investments LLC. Consortium Solutions International LLC.
- Registration Address/ License:
China. Hong Kong. No License, No Regulation.
Pearson Investments is a brokerage company with a claimed office in China and Hong Kong with a boutique-style reputation established in 1978 while offering a range of financial services. Moreover, on beneath of the website there is a state that Pearson Investments is a limited liability company incorporated under Hong Kong law and is fully independent.
However, according to the local law, every financial investment firm in Hong Kong should be authorized by the financial regulator the Securities and Futures Commission (SFC), yet the Pearson Investments is not. Actually, SFC updated Alert List features the name of Pearson Investment businesses as unlicensed in Hong Kong with an address there, but it is not located there.
“The Alert List includes Pearson Investments entity, which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or targeting Hong Kong investors or claim to have an association with Hong Kong.”
In addition, the Australian authority ASIC issued warning as well, as the broker was detected in offering their service to the residents.
“The business Pearson Investments has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) license or an Australian Credit license from ASIC.”
Overall, we never advise trading with unregulated brokerage regardless what the company mention, as simply they can say whatever they wish and no one will claim or check-on if the information is true. For that reason and with a purpose to avoid trading at the highest risk the traders are recommended to choose among Well Regulated Brokers.