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United States
2003 (23 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know Prodigy Networks
Company Information
Get to know Prodigy Networks
Founded by the late Rodrigo Niño, Prodigy Networks was a pioneer in the real estate crowdfunding space, leveraging the US JOBS Act to democratize access to large-scale commercial real estate investments. The company's mission was to provide a platform where individuals could pool their capital to invest in assets typically reserved for institutional investors, such as hotels and extended-stay apartments in Manhattan. Despite early success and raising over $690 million from thousands of investors, the company faced significant financial difficulties, leading to investor lawsuits and ultimately a Chapter 7 bankruptcy filing in 2021 for liquidation.
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