NYC Council Probes Pluang Over Alleged Deceptive Marketing Practices

The New York City Council is investigating alleged deceptive marketing practices by Pluang, a financial application in Indonesia. The company offers various investment products, including US Stocks, ETFs, and Options, Indonesian Stocks, Crypto Assets, Digital Financial Asset Derivatives, Mutual Funds, and Gold.

According to the source, PT PG Berjangka is licensed as a Derivatives Broker by the Financial Services Authority of Indonesia (OJK) for financial derivative products with underlying securities. Transactions are recorded on the Jakarta Futures Exchange (JFX) and the Indonesian Futures Clearing House (KBI).

All investments involve risks and the possibility of a loss in investment value, as stated by Pluang.