Public Statement 2 of 2022 - B.O. TRADEFINANCIALS LTD. and TRADESPROFITS (2022-03-10)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) alerting the public that B.O. TRADEFINANCIALS LTD. and TRADESPROFITS have never been registered, licensed or regulated to carry on investment business or any other financial services business in or from the British Virgin Islands. The FSC states these entities have been circulating forged investment business licences bearing the FSC's logo, falsely claiming to be authorised to deal in or arrange deals in investments.

• Nature of concern: Forged FSC-branded licences are being circulated by B.O. TRADEFINANCIALS LTD. and TRADESPROFITS to falsely suggest authorisation for investment business.
• Regulatory status: Neither entity is now, or has ever been, licensed or regulated by the FSC for investment business or any other financial services business in or from the BVI.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with these entities.
• Legal basis: The statement is issued under Section 37A(2) of the Financial Services Commission Act, 2001.

The notice is informational and protective in nature, aimed at warning consumers and market participants rather than imposing compliance duties on regulated entities. The FSC invites the public to report any information about questionable entities or improper activities purportedly operating in or from the Territory.

Applies to

members of the public, potential investors and customers