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Turing is regulated by the Financial Crimes Enforcement Network (FinCEN), under license number 31000281915017. While this is an important regulatory body that enforces anti-money laundering (AML) standards and helps prevent financial crimes, it’s worth noting that FinCEN’s regulatory role focuses primarily on preventing fraud and illicit activities rather than offering comprehensive oversight on client protection and operational standards. This means that Turing, although meeting basic legal requirements, lacks the additional protections provided by regulators like CySEC, ASIC, or FCA. Personally, I view Turing’s FinCEN regulation as a positive sign, especially in terms of combating financial crime, but for traders prioritizing a higher level of investor protection and comprehensive regulatory oversight, this might not be sufficient. In my opinion, the absence of a fully-fledged regulatory body overseeing all aspects of the trading process may still pose a risk. When considering your Turing login and the security of your account, this limited regulation could affect your trust in the platform’s operational practices.