Company Information

Get to know Financial Education Services, Inc.

Founded in 2004 by Parinello and Mike Toloff, Financial Education Services, Inc. (FES) operated as a multi-level marketing (MLM) company. Its flagship product was the "UCES Protection Plan," which bundled services including credit repair, credit monitoring, budgeting tools, and will and trust preparation. The company's business model focused on recruiting a network of independent agents to sell these services and to recruit new agents. In 2022, the FTC filed a lawsuit against FES, alleging it was operating an illegal credit repair business and a pyramid scheme. In March 2023, the company and its owners settled with the FTC, agreeing to a permanent ban from the credit repair and telemarketing industries and a significant monetary judgment, fundamentally altering its business operations.

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Financial Financial AdvisementPRIMARY
Financial Other Service

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Financial Education Services, Inc.

United States

Founded in

2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.