Nova Tradex Financial Holdings Ltd. - Advisory Warning No. 19 of 2013 (2013-06-14)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that Nova Tradex Financial Holdings Ltd., operating via www.novatradefx.com, has been falsely claiming to be licensed and regulated in the British Virgin Islands to offer online trading in binary options, commodities, stocks and forex.

• Entity named: Nova Tradex Financial Holdings Ltd., a BVI Business Company operating at www.novatradefx.com
• FSC finding: The entity has never been licensed by the FSC to carry on investment business in or from within the BVI
• Public guidance: Members of the public are advised to exercise extreme caution when dealing with this entity
• Legal basis: Issued by the FSC under Section 4(1)(l) of the Financial Services Commission Act, 2001

The FSC also invites the public to report any information about questionable entities purportedly operating in or from within the BVI, or any improper or illegal activity by such entities. The advisory does not impose any ongoing compliance obligation on licensees; it is a public warning notice.

Applies to

members of the public, unlicensed entities purporting to offer investment business