I, has filed in BVI FSC.
http://www.bvifsc.vg/
Answered from BVI SFC.
Reference is made to your email correspondence in relation to the matter captioned above.
The British Virgin Islands Financial Services Commission is responsible for the licensing and supervision of investment business activities carried on from or within the British Virgin Islands within the meaning of section 4(1) of the Securities and Investment Business Act, 2010 (“SIBA”). A review of our records reveal that the Forex Place Ltd. also operating as 4XP at
www.4xp.com (“Forex Place”) was incorporated in the British Virgin Islands (“BVI”) on 12 June 2008, and assigned BVI Company number 1486603. However, our records further indicate that Forex Place is not, has and has never been licensed by the BVI Financial Services Commission (“the Commission”) to carry on regulated activity.
The Commission issued a cease and desist order to Forex Place on 4 June 2013 requiring it “... to cease and desist immediately from the date of this notice from conducting all investment business activities in and from within Territory, and to provide the Commission with evidence that it has ceased all such investment business activities.” Notice of the action taken against Forex Place has been published on the Commission’s website,
http://www.bvifsc.vg/en-gb/publications/enforcementaction.aspx. However, the Commission has not issued any order or taken any action to prevent Forex Place from returning to you any money that you have placed with it. In fact, section 50F of the Financial Services Commission Act, 2001 entitles you to recover your funds.
It is not within the Commission’s remit to provide legal advice and you should seek legal advice with regards to the recovery of your monies. A list of the BVI law firms is published on the Commission’s website at
www.bvifsc.vg.
Further, if you feel or are of the view that you are a victim of a crime, you may wish to file a complaint with the fraud unit of the local police/law enforcement agency in your country of residence.
The Commission is doing what it can to address this matter. Yours faithfully