Public Statement 7 of 2022 - AMERITRADE INVESTMENT LIMITED (2022-06-27)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about AMERITRADE INVESTMENT LIMITED, an entity that is circulating a forged investment business licence and falsely claiming to be authorised by the FSC to conduct investment business.

• Entity named: AMERITRADE INVESTMENT LIMITED
• Finding: The entity has never been licensed or regulated by the FSC for investment business or any other financial services business in or from within the BVI
• Basis: The entity is using a forged investment business licence and falsely purporting to be FSC licensed
• Legal basis for statement: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity, and to report relevant information on questionable entities or improper activities to the FSC

This is a warning notice rather than a rule change; it does not impose ongoing compliance obligations on regulated entities, but alerts the public and industry to fraudulent activity involving a purported unlicensed entity.

Applies to

general public, persons solicited by AMERITRADE INVESTMENT LIMITED