Public Statement 29 of 2023 - MIDASFXTRADE (2023-11-06)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about MIDASFXTRADE, an entity that is falsely claiming to hold a BVI investment business licence. The FSC confirms MIDASFXTRADE is not a BVI company and has never been licensed or regulated to carry on investment business or any financial services business in or from within the BVI.

• Nature of the issue: MIDASFXTRADE is circulating a forged investment business licence purporting to authorise it to Deal in Investments as Principal and Arrange Deals in Investments.
• FSC action: The FSC issued this Public Statement under Section 37A of the Financial Services Commission Act, 2001 to alert the public and protect potential customers or creditors.
• Public advice: Members of the public are advised to exercise extreme caution and avoid conducting any business with MIDASFXTRADE, and to report any relevant information on questionable entities to the FSC.

This notice is informational and consumer-protection focused; it does not impose ongoing compliance obligations on regulated entities, but licensees and the public should be aware that this entity is unauthorised and should not be treated as FSC-licensed.