Advisory Warning No. 23 of 2015 - Lexington Investment Capital Inc. (2015-12-31)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission (FSC) about Lexington Investment Capital Inc., a company incorporated in the British Virgin Islands that was offering online investment and forex-related trading products via the website www.binarygoal.com. The FSC states that although the company is registered as a BVI business company, it has never been licensed by the FSC to carry on financial services business in or from within the Virgin Islands.

• Unlicensed activity: Lexington Investment Capital Inc. was offering online investment products and forex-related trading products and services without the requisite FSC licence.
• Public caution: Members of the public are advised to exercise extreme caution when conducting any transactions with Lexington Investment Capital Inc.
• Reporting request: The public is invited to provide the FSC with any relevant information on this entity or any other questionable entities purportedly operating in or from within the Virgin Islands.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

Applies to

unlicensed online investment and forex trading providers, members of the public dealing with Lexington Investment Capital Inc.