Ultimarkets Trading Solutions Ltd. - Advisory Warning No. 10 of 2011 (2011-06-30)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission warning that Ultimarkets Trading Solutions Ltd, also trading as Ultimarkets, is not incorporated, registered or licensed in the British Virgin Islands. The FSC states that the entity has been offering Forex investment opportunities and other financial services via its website while falsely presenting itself as being registered, licensed and regulated in the BVI.

• Entity warned about: Ultimarkets Trading Solutions Ltd (trading as Ultimarkets), operator of www.ultimarkets.com
• Status: Not incorporated, registered, or licensed by the FSC at any time
• Public advice: Members of the public are advised to exercise extreme caution in any dealings with this entity
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001

The FSC also invites the public to report any information on other questionable entities purportedly operating in or from within the BVI. The notice imposes no ongoing regulatory obligations on licensees; it is purely informational and cautionary in nature.

Applies to

members of the public, persons dealing with unlicensed financial services providers