Public Statement 18 of 2020 - RISE TRADING OPTIONS

Summary

This is a public warning notice issued by the BVI Financial Services Commission on 21 October 2020 concerning an entity calling itself RISE TRADING OPTIONS. The FSC states that this entity has been circulating a forged investment business licence and falsely claiming to be authorised in the BVI to deal in investments.

• Entity named: RISE TRADING OPTIONS is identified as never having been licensed or regulated by the FSC to carry on any financial services business, including investment business.
• Nature of concern: The entity is circulating a forged investment business licence and falsely purporting to be FSC licensed and authorised.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• 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; it does not impose continuing compliance obligations on regulated entities, but invites the public to report any information on this or other questionable entities to the FSC.

Applies to

members of the public, unlicensed entity (RISE TRADING OPTIONS)