UGL Exchange Ltd.: License Suspension

Decision Notice by the Cyprus Securities and Exchange Commission announcing the suspension of the Cyprus Investment Firm license of UGL Exchange Ltd. Editor’s Note: Research by OffshoreAlert showed that, in records kept by Cyprus’ Registrar of Companies, UGL Exchange Ltd. was incorporated on April 8th, 2016 and its sole director is identified as Jian He. On its website at www.uglexchange.com, the company is described as a “Forex broker”.