Paxinvest.com Limited - Advisory Warning No. 18 of 2013 (2013-06-14)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning that PAXINVEST.COM LIMITED, also operating as PAXFOREX, is offering online trading in binary options, commodities, stocks and forex without holding any licence from the FSC. It is a one-off public notice, not a rule or regulatory requirement, and creates no ongoing compliance obligations for licensees.

• Unlicensed activity: PAXINVEST.COM LIMITED (trading as PAXFOREX, www.paxforex.com) is offering online trading in financial binary options, commodities, stocks and forex without the requisite licence from the FSC.
• Never licensed: The FSC confirms this entity has never been licensed to carry on investment business in or from within the BVI.
• Public caution: Members of the public are advised to exercise extreme caution when dealing with this entity.
• Request for information: The public is invited to provide the FSC with information on questionable entities or improper/illegal activities operating in or from the Territory.
• Legal basis: The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

Applies to

general public, investors