Public Statement 7 of 2023 - Imperial Solutions Ltd and Imperial Markets (2023-06-15)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about Imperial Solutions Ltd and Imperial Markets, operating via the website www.imperialmarkets.com. The FSC states this entity has never been licensed or regulated in the BVI, despite falsely claiming to hold a BVI regulatory licence (number 2024516) to operate a trading platform for Forex, options, futures and stocks.

• Nature of the alert: Imperial Solutions Ltd and/or Imperial Markets is falsely purporting to be licensed and regulated by the FSC in the BVI.
• FSC's position: The entity and the website www.imperialmarkets.com are not and have never been licensed or regulated to conduct trading or any financial services business in or from the BVI.
• Public advice: Members of the public are urged to exercise extreme caution if solicited to do business with this entity, and to report any information on questionable entities or improper activities to the FSC.
• Legal basis: The statement is issued under Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule change; it does not itself create ongoing compliance obligations for licensed entities, but licensed firms and the public should avoid dealing with the named unlicensed entity and report related concerns to the FSC.

Applies to

unlicensed entities purporting to conduct investment/securities business, general public and prospective customers