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TruthTag

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Operating status: SCAM

Website: https://truthtales.com/#/home

Broker violations and abnormal records
  • 2024-07-18 The SCB adds TruthTag to its warning list

    On July 19, 2024, the Securities Commission of The Bahamas (SCB) added TruthTag to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/07/Public-Notice-No.-7-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas.pdf

    On July 19, 2024, the Securities Commission of The Bahamas (SCB) added TruthTag to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/07/Public-Notice-No.-7-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas.pdf
  • 2024-07-25 BrokersView has reviewed that TruthTag is an unregulated broker

    TruthTag claims to be registered and regulated in The Bahamas. However, the local financial watchdog, the Securities Commission of The Bahamas (SCB), has added the company and its website address to its warning list, advising investors to stay away from this unauthorized firm. This is a big warning sign.

    In essence, TruthTag is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    TruthTag appears to be a scam.

    TruthTag claims to be registered and regulated in The Bahamas. However, the local financial watchdog, the Securities Commission of The Bahamas (SCB), has added the company and its website address to its warning list, advising investors to stay away from this unauthorized firm. This is a big warning sign.In essence, TruthTag is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.TruthTag appears to be a scam.

Related Complaints

Q&A

Is TruthTag trustworthy?

Ptrhost
Egypt
2024-07-30
ANSWER No, TruthTag is untrustworthy.TruthTag asserts that it is registered and regulated in The Bahamas. However, the Securities Commission of The Bahamas (SCB) has placed the company and its website on its warning list, advising investors to avoid this unauthorized firm. This is a significant red flag.Given that TruthTag is not regulated, investing with them is highly risky. Investors dealing with it may run risk of losing their funds without viable ways to get refunds. Therefore, we strongly suggest investors avoid unregulated brokers like TruthTag and instead opt for fully regulated ones.
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1 comments

Lonney Thompson
They extort money from people wanting to pull their funds out by saying, they need to be a VIP1 member in order withdraw funds. First they froze my account and said they needed 3k USD to lift the freeze and to prove it was me. Then, when I went to withdraw my funds, they then said They needed $5160US$ become a VIP1 Member in order tonhave access to my money. Today they say, they are busy and I will.need to wait. Shut them down, they're ruining people's lives.
2024-08-23
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