Public Statement 9 of 2022 - PIPTRADEX (BVI) LTD. (2022-06-29)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 29 June 2022, alerting the public that PIPTRADEX (BVI) LTD. is not a registered BVI company and has never been licensed or regulated by the FSC to conduct investment business or any other financial services business.

• False claims: PIPTRADEX (BVI) LTD. falsely purports to be a BVI registered company operating from Kingston Chambers, P.O. Box 173, Road Town, Tortola, and claims to carry out investment business in or from within the Territory.
• Regulatory status: The entity is not registered in the BVI and has never held a licence from the FSC for investment business or any financial services activity.
• Public advisory: Members of the public are urged to exercise extreme caution if solicited to conduct business with this entity, and to report relevant information about questionable entities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is purely informational and protective in nature; it does not create ongoing compliance obligations for licensed entities but serves as a warning against dealing with an unlicensed and non-existent BVI entity.

Applies to

members of the public, potential investors, unlicensed entities purporting to conduct investment business