Public Statement 17 of 2021 - WDCMARKETS.COM (2021-05-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about WDCMARKETS.COM, an online entity purporting to offer investment business services to the public. The FSC states that WDCMARKETS.COM has never been licensed or regulated to conduct investment business or any financial services business in or from the BVI.

• Unlicensed activity: WDCMARKETS.COM is purporting to provide investment business services, which is a regulated activity under BVI legislation requiring a licence from the FSC.
• Purported ownership: WDCMARKETS.COM claims to be owned and operated by UNICORN ENTERPRISE SOLUTIONS LIMITED (formerly FTG SOLUTIONS LTD, company number 1994899), which is currently struck off and dissolved and has never been licensed for financial services business in the BVI.
• Public caution advised: Members of the public are advised to exercise extreme caution if solicited to conduct business with WDCMARKETS.COM.
• Legal basis: The FSC issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and warns the public and market participants; it does not impose any compliance obligations on licensed entities but invites the public to report information on questionable entities to the FSC.

Applies to

general public, persons soliciting investment business