Public Statement 17 of 2023 - PREMIER YIELD TRADING COMPANY (2023-08-23)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about PREMIER YIELD TRADING COMPANY, an entity that is not incorporated in the BVI and has never been licensed or regulated by the FSC to conduct investment business or any other financial services business.

• Fraud alert: The entity has been circulating a forged investment business licence, falsely claiming authorisation to carry on Dealing in Investments, Dealing as Principal, and Arranging Deals in Investments.
• No BVI registration: PREMIER YIELD TRADING COMPANY (website premieryieldpro.biz) is not registered as a BVI business company and has no licence or regulatory relationship with the FSC.
• Public advisory: Members of the public are advised to exercise extreme caution and avoid conducting any business with this entity.
• Reporting invitation: The public is invited to provide the FSC with information on this or other questionable entities purportedly operating in or from the BVI.

The statement was issued under Section 37A of the Financial Services Commission Act, 2001, and is informational in nature, warning the public rather than imposing compliance obligations on regulated entities.