Advisory Warning No. 19 of 2015 NKFX Holdings Inc. (2015-12-31)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) about an entity calling itself NKFX Holdings Inc. The FSC warns that this entity has been offering forex, commodities and indices trading, and investment brokerage services while falsely claiming to be incorporated, licensed and regulated in the BVI.

• False claims identified: NKFX Holdings Inc. operated a website (www.nkfxteam.com) falsely claiming BVI headquarters and reproducing a purported investment business licence certificate (no. SIBA/M/25/1385) supposedly issued 5 September 2002.
• FSC findings: The FSC confirms the certificate was never issued by it, bears a number never issued, and predates the enactment of the Securities and Investment Business Act, 2010; NKFX Holdings Inc. has never been incorporated, registered or licensed in the BVI.
• Public advice: Members of the public are urged to exercise extreme caution if solicited by this entity or shown the altered licence certificate, and to report relevant information to the FSC.

The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001, and is informational in nature, alerting the public rather than imposing compliance duties on regulated entities.

Applies to

members of the public, investment business licensees (impersonated)