Public Statement 1 of 2020 - FXTRD LLC (2020-01-05)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about FXTRD LLC, an entity that has circulated a forged investment business licence and falsely claimed to be authorised and regulated by the FSC to carry on investment business (dealing in investments) in or from the BVI.

• Key fact: FXTRD LLC has never been licensed or regulated by the FSC for any financial services business, including investment business.
• Fraud alert: The entity is circulating a forged investment business licence purporting to show FSC authorisation.
• Public advisory: Members of the public are urged to exercise extreme caution if solicited by FXTRD LLC and to report any relevant information about questionable entities or improper activities to the FSC.
• Legal basis: The statement is issued under Section 37A of the Financial Services Commission Act, 2001.

This notice does not impose any new compliance requirements on licensed entities; it is an informational alert intended to protect consumers and counterparties from an unregulated and fraudulent operator.