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View Full Version : PIPS: warning issued by UK regulator

ycchen
May 7th, 2005, 09:41 AM
Interesting, PIPS is getting lots of attention lately. :cool:

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml

Unauthorised overseas firms operating in the UK

This list contains the names of unauthorised overseas firms known to be, or to have been, targeting UK investors. Investors should be aware that if they put their money with unauthorised firms they will not get the benefit of the UK compensation and complaint schemes.

Last firms added -3/05/05 (shown with an asterisk *)
Unauthorised overseas firms
...
...
PICPAY or PICPAY.com
PIPS Financial Services
PureInvestor.com Inc
...
...
Arzel
May 7th, 2005, 11:58 AM
I keep expecting to hear more on the various forums about PIPS regarding this stuff, but I haven't heard much. It is very good news to hear that PIPS has been publically labeled a ponzi. The fact that it is not all that differenct than YMMSS should put some worry into the YMMSS folks as well.
sisco50
May 7th, 2005, 10:19 PM
When did PIPS start operating in the UK? I thought they were operating in Malaysia or Panama. Also something in New Zealand I believe. Never heard they were operating in the UK or the USA.
concerned
May 8th, 2005, 12:41 AM
When did PIPS start operating in the UK? I thought they were operating in Malaysia or Panama. Also something in New Zealand I believe. Never heard they were operating in the UK or the USA.

When you have an internet site, usually it starts with the WWW.

Just to let you know, WWW stands for World Wide Web.

Since it is a website accessable all around the world, they technically operate everywhere in the world. Do you understand?
sisco50
May 8th, 2005, 11:29 AM
When you have an internet site, usually it starts with the WWW.

Just to let you know, WWW stands for World Wide Web.

Since it is a website accessable all around the world, they technically operate everywhere in the world. Do you understand?

I understand WWW and I understand the word "technically" in this context. Thanks for the help. :)
69mike
May 19th, 2005, 05:50 AM
man, some people can be rude.....lol

PIPS seem to be receiving more attention lately....

well amway did too way back when....

they're still around...

guess we'll have to wait and see.


69mike
Pips believer
August 23rd, 2005, 11:34 PM
Post removed by moderator, Please do not spam the same post to multiple threads. You have the same exact post on more threads than I care to keep track of anymore, so the extras have been deleted.