Advisory Warning No. 2 of 2018 - iMARKETSLIVE or International Markets Live, Ltd. (2018-05-09)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that iMARKETSLIVE (purportedly a subsidiary of International Markets Live, Ltd.) is offering online investment and forex trading services in the Territory without being licensed to carry on investment business. It is a consumer protection notice, not a rule change, and imposes no ongoing regulatory obligations on licensees.

• Entity named: iMARKETSLIVE / International Markets Live, Ltd., offering online investment and forex trading services in the BVI
• Finding: The entity is not and has never been licensed by the FSC to carry on investment business in or from within the BVI
• Public advice: Members of the public are advised to exercise extreme caution in conducting any transactions with this entity
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001

Applies to

members of the public, unlicensed persons offering investment business in or from the BVI