| Name | Illegal distribution |
|---|---|
| Issued By | Ontario Securities Commission (OSC) |
| Date | |
| Supporting Documents | Link to press release or alert information on issuing jurisdiction's website [1/24/2014 12:23 PM][English] Link to press release or alert information on issuing jurisdiction's website [1/24/2014 12:23 PM][English] |
| Tags | |
| Note | The Ontario Securities Commission (OSC) is alerting investors to additional concerns with respect to Morgan Dragon Development Corp. (MD Development) and its principals, John Cheong and Herman Tse. MD Development, Mr. Cheong, Herman Tse and G.W. Trust are not registered in any capacity with the OSC. |
What this means for you test
If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business.How to protect yourself
You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it's offering you. You'll also be able to find:- information on how you're protected
- contact details for authorised firms