Exo Capital Markets Limited trading as Trade12.com (2017-08-17)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission (GFSC) about Exo Capital Markets Limited, trading as Trade12.com. The Commission was alerted that the firm made an unsolicited approach to a Bailiwick of Guernsey resident offering trading services in shares, futures, precious metals and other commodities.

• Unlicensed activity: The promotion of investment services in the Bailiwick of Guernsey is a restricted activity under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and Exo Capital Markets Limited is not licensed to carry out such activity.
• Public advice: Bailiwick residents are reminded to be cautious of cold-calls offering financial services and to only deal with properly licensed businesses.

This notice is informational and does not itself create ongoing compliance obligations for licensed firms; it serves to alert the public and industry to an unlicensed entity operating in or targeting the Bailiwick.

Applies to

members of the public in the Bailiwick of Guernsey, unlicensed investment services providers