Introduction
Today our focus will be on Morgen & Charles, a self-styled online trading platform that operated without the necessary authorizations and subsequently closed down following multiple regulator warnings.
A Glimpse at Morgen & Charles
Morgen & Charles portrayed itself as a competitive online trading broker. Yet, behind this facade, it lacked the appropriate legal status, thereby placing its clients at risk.
A trading platform’s credibility is defined by its regulatory framework, an aspect that Morgen & Charles glaringly lacked.
Overview
Morgen & Charles, a based trading broker run by Gemini Inc. & FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED, has offices in The Chains 107 Forest Road, Sandiway, Northwich, England, CW8 2DZ and Warwick Court, Paternoster Square, London, EC4M 7AG United Kingdom.
Reach out to their support at +442038343337, +12266397666, or support@morgencharles.com.
Their site is morgencharles.com.
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Warnings and Shutdown
As Morgen & Charles continued operating in the shadow of legitimacy, several regulatory bodies issued warnings against dealing with them.
Notably, the Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC).
Financial Conduct Authority Warning
The FCA, a reputable UK financial regulatory body, raised a red flag about Morgen & Charles.
According to the FCA, Morgen & Charles was offering, promoting, or selling financial products or services in the UK without authorization, thereby targeting UK residents illegally.
Ontario Securities Commission Warning
Simultaneously, the OSC, a Canadian regulatory body, echoed similar concerns. They asserted that Morgen & Charles was not registered in Ontario to engage in the business of trading in securities, essentially conducting unlawful activities.
Following these warnings, rather than regularize its operations, Morgen & Charles opted to shut down its website, further casting doubt on their legitimacy.
Conclusion
Morgen & Charles serves as a stark reminder of the need for careful scrutiny before engaging with any online trading platform. Its swift rise and fall underscore the importance of ensuring the platforms we trust with our finances are legal, regulated, and accountable.
Got Scammed by Morgen & Charles?
If you have lost money with Morgen & Charles, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.
5 Simple Steps To Get A Chargeback From Morgen & Charles
Follow our straightforward guide to efficiently reclaim your lost funds from Morgen & Charles with minimal hassle.
- Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with Morgen & Charles and prepare for the consultation.
- Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from Morgen & Charles.
- In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
- Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
- Fee Payment: Upon successful recovery of your funds lost to Morgen & Charles, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.
Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from Morgen & Charles with minimal inconvenience.
FAQs
What was Morgen & Charles?
Morgen & Charles was an online trading broker that operated without necessary regulatory authorization.
Did any regulatory body issue warnings about Morgen & Charles?
Yes, both the FCA in the UK and the OSC in Canada issued warnings against dealing with Morgen & Charles.
What happened after the warnings were issued?
Instead of addressing the issues, Morgen & Charles opted to shut down their website.
What’s the risk of dealing with unregulated trading platforms like Morgen & Charles?
Unregulated platforms might engage in illegal activities, putting your finances at risk. They can close down without warning, possibly leaving you without recourse to recover your investment.
How can I protect myself from fraudulent online trading platforms?
Before investing, verify the trading platform’s regulatory status. Also, pay attention to warnings issued by financial regulatory bodies and always exercise caution and thorough research.