Public Statement 9 of 2020 - HUBXTRADE INVESTMENT TEAM (2020-07-27)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) alerting the public that HUBXTRADE INVESTMENT TEAM is not and has never been licensed or regulated to carry on investment business or any other financial services business in or from the British Virgin Islands. The FSC states that the entity has been circulating a forged investment business licence and falsely claiming to be authorised and regulated by the FSC to deal in investments.

• Nature of concern: HUBXTRADE INVESTMENT TEAM is circulating a forged investment business licence purporting to authorise it to carry on investment business in the BVI.
• Regulatory status: The entity has never been licensed or regulated by the FSC for investment business or any other financial services business.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with HUBXTRADE INVESTMENT TEAM.
• Reporting invitation: The public is invited to provide the FSC with any relevant information about questionable entities purportedly operating in or from the Territory.

The statement was issued pursuant to Section 37A of the Financial Services Commission Act, 2001, and serves purely as a public warning rather than creating ongoing compliance obligations for regulated entities.

Applies to

general public, persons solicited by HUBXTRADE INVESTMENT TEAM