Advisory Warning No. 8 of 2017 - Home Broker (25 April 2017)

Summary

This is a public investor alert issued by the BVI Financial Services Commission warning that an entity calling itself HOME BROKER has been offering binary options investments via the website hbroker.ru while falsely claiming to be licensed and regulated in the British Virgin Islands.

• Finding: HOME BROKER has never been registered, incorporated, or licensed by the FSC to carry on financial services business in or from the British Virgin Islands.
• Public advice: Members of the public are advised to exercise extreme caution if solicited by, or dealing with, HOME BROKER.
• Call for information: The FSC invites the public to submit any relevant information on HOME BROKER or other questionable entities purportedly operating in or from the BVI.
• Legal basis: The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is a one-off public warning notice rather than a rule or regulatory instrument; it does not impose ongoing compliance obligations on licensed entities.