Advisory Warning No. 1 of 2017 - Base2Trade (2017-01-23)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission alerting the public about an entity calling itself Base2Trade, which operated through the website www.base2trade.com and falsely claimed to be incorporated and headquartered in the British Virgin Islands.

• Not incorporated: Base2Trade has never been registered or incorporated as a Business Company in the British Virgin Islands.
• Not licensed: Base2Trade has never been licensed by the FSC to carry on financial services business in or from within the Territory.
• Public advised: Members of the public are advised to exercise extreme caution if solicited by or conducting business with Base2Trade.
• Legal basis: The FSC issued this warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.

The notice is informational and does not impose ongoing compliance obligations on regulated entities; it invites the public to report information on this or other questionable entities to the FSC.