Public Statement 27 of 2021 - RICHFIELD CAPITAL LIMITED

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) on 15 October 2021, alerting the public that RICHFIELD CAPITAL LIMITED is not and has never been licensed or regulated by the FSC to conduct investment business or any other financial services business in or from the British Virgin Islands.

• Conduct alleged: Richfield Capital Limited has circulated a forged investment business licence and falsely claims to be authorised by the FSC to deal in investments.
• Fraudulent website: The entity uses the website https://www.otmarkets.live to advertise and solicit customers for investment services.
• Purpose of statement: Issued under Section 37A of the Financial Services Commission Act, 2001, to protect customers, creditors and persons solicited by this entity and to inform the public it is unlicensed.

The FSC advises members of the public to exercise extreme caution if approached by Richfield Capital Limited and invites anyone with information about questionable entities or improper activities in or from the Territory to contact the Commission. The statement does not impose any regulatory obligations on licensees; it is a consumer protection alert.