Public Statement 10 of 2023 - B.O. TRADEFINANCIALS LTD. and SPREADSPIPS (2023-07-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that B.O. TRADEFINANCIALS LTD. and SPREADSPIPS are not registered, licensed or regulated in the BVI to conduct investment business or any other financial services business.

• Reason for statement: The entities have been circulating a forged investment business licence bearing the Commission's logo, falsely claiming to hold a Global Business Licence issued by the FSC.
• Status: Neither entity is registered as a BVI business company nor licensed or regulated by the Commission for any financial services activity.
• Public advice: Members of the public are urged to exercise extreme caution if solicited to do business with these entities and to report any related information or improper activities to the Commission.
• Legal basis: The statement is issued under Section 37A(2) of the Financial Services Commission Act, 2001.

Applies to

unregulated entities purporting to conduct investment business (B.O. TRADEFINANCIALS LTD. and SPREADSPIPS)