Notice - Public Warning: Fraudulent Media Postings Linked to NetherexPro (2025-04-17)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public to a fraudulent social media posting that misuses a fabricated Royal Gazette article and a fake Authority account statement to promote an unlicensed online trading platform called NetherexPro.

• Fraudulent article: A fake Royal Gazette report claims a local journalist was arrested over involvement in NetherexPro, an online investment trading platform.
• Fabricated document: The linked fraudulent website displays a fabricated Authority Account Statement bearing the BMA logo; the Authority states it does not provide retail banking services and confirms the statement is fake.
• Unlicensed entity: NetherexPro is not licensed or registered by the BMA to conduct any regulated activity in Bermuda.
• Risk warning: The BMA warns that dealing with unregulated entities, especially where introduced via fraudulent statements, carries increased risk and is done at the investor's own risk.

The notice is purely informational and does not create any ongoing compliance obligations for regulated entities; it serves to warn the public and market participants about this specific fraud scheme.