Public Statement 15 of 2025 - LucidGains (2025-07-18)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that an entity calling itself Lucid Gains has been circulating a forged investment business licence and falsely claiming to be licensed and regulated by the FSC.

• Activities falsely claimed: Lucid Gains purports to be licensed for Dealing in Investments (as Agent and Principal), Arranging Deals in Investments, Investment Advice (excluding Mutual Funds), and Custody of Investments (excluding Mutual Funds).
• FSC finding: Lucid Gains is not a BVI company and has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the Virgin Islands.
• Public advice: Members of the public are urged to exercise extreme caution and avoid conducting any business with Lucid Gains.
• Reporting: The public is invited to provide the FSC with relevant information on questionable entities or improper activities purportedly operating in or from the Territory.

The statement was issued under Section 37A of the Financial Services Commission Act, 2001, and serves purely as an investor alert rather than imposing any regulatory or licensing obligations on regulated entities.