Public Statement 12 of 2020 - MAXFOREX TRADE & FINANCE GROUP, INC. (2020-08-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about MAXFOREX TRADE & FINANCE GROUP, INC. The FSC states that this entity is circulating a forged investment business licence and falsely claiming to be authorised and regulated by the FSC to carry on investment business (dealing in investments) in or from the BVI.

• Not licensed: MAXFOREX TRADE & FINANCE GROUP, INC. has never been licensed or regulated by the FSC to carry on investment business or any other financial services business.
• Public caution advised: Members of the public are urged to exercise extreme caution if solicited to conduct business with this entity.
• Call for information: The FSC invites the public to report any relevant information about questionable entities or improper activities purportedly operating in or from the BVI.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is purely informational and protective in nature, aimed at warning consumers and market participants rather than imposing compliance requirements on regulated entities.

Applies to

members of the public, prospective investors