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

Tortola, British Virgin Islands - 29 June 2022 -The British Virgin Islands Financial Services Commission (the “FSC”) considers it necessary to issue this Public Statement in order to protect the customers,  creditors or persons who may have been solicited to conduct business by PIPTRADEX (BVI) LTD. and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

PIPTRADEX (BVI) LTD. is falsely purporting to be a BVI registered company operating from the premises of Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands in the BVI for the purpose of carrying out investment business, in or from within the Territory.  Such services are required to be licensed and regulated by the FSC.

The FSC hereby informs the public that PIPTRADEX (BVI) LTD. is not a BVI registered company and has never been licensed or regulated to carry on investment business or any type of financial services business, in or from within the Territory.

Members of the public are advised to exercise extreme caution if solicited at any time to conduct business with PIPTRADEX (BVI) LTD. The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory, and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.