Public Statement 21 of 2023 - DERIVTRADINGLIVE.NET (2023-09-05)

Summary

This is a public investor alert issued by the BVI Financial Services Commission (FSC) warning that the website derivtradinglive.net is fraudulently presenting itself as a licensed trading and investment business platform. The FSC confirms that the operators of this website have never been licensed or regulated by it to conduct investment business or any other financial services activity in or from the British Virgin Islands.

• Nature of the warning: derivtradinglive.net falsely purports to offer trading and investment business services, which are regulated activities under BVI law requiring an FSC licence.
• No affiliation: The website is not affiliated or connected with Deriv (BVI) Ltd., a company that is genuinely licensed and regulated by the FSC.
• Public guidance: Members of the public are urged to exercise extreme caution if solicited to conduct business through this website and to check the FSC's list of regulated entities before dealing with any purported financial services provider.
• Reporting channel: The FSC invites the public to report any information about questionable entities or improper activities operating in or from the Territory.

The statement was issued under Section 37A of the Financial Services Commission Act, 2001, and is purely informational in nature, intended to protect consumers rather than to impose new regulatory obligations on licensed entities.