Disclosure details -

British Virgin Islands Financial Services Commission

Year 2000Regulated by Government

The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.

Disclose broker

Danger Unauthorized

NewSolid

Tianrun

Disclosure summary

Disclosure matching Website matching
Disclosure time 2021-04-16
Reason for punishment These entities are not and have never been licensed or regulated to carry on investment business, or any financial services business, in or from within the Territory.

Disclosure details

Public Statement 13 of 2021 - NEWSOLID MARKETS CO., LTD.

Public Statement 13 of 2021 - NEWSOLID MARKETS CO., LTD. Public Statements PUBLIC STATEMENT NEWSOLID MARKETS CO., LTD. Tortola, British Virgin Islands - 16th April 2021 -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 TIANRUN INTERNATIONAL CORPORATION or by NEWSOLID MARKETS CO., LTD. and to make the general public aware that these entities have never been licensed or regulated by the FSC to carry on any type of financial services business. The details are: TIANRUN INTERNATIONAL CORPORATION and NEWSOLID MARKETS CO., LTD. are falsely purporting to be regulated by the FSC to conduct investment business. This is regulated activity under BVI legislation and may only be carried out by a company which is licensed and regulated by the FSC to conduct investment business. To facilitate its fraudulent enterprise, TIANRUN INTERNATIONAL CORPORATION and NEWSOLID MARKETS CO., LTD. are using a fraudulent website URL: www.tianrunint.com for the purpose of advertising and soliciting customers for investment services. Such services are required to be licensed and regulated by the FSC. The FSC hereby informs the public that TIANRUN INTERNATIONAL CORPORATION and NEWSOLID MARKETS CO., LTD. are not and have never been licensed or regulated to carry on investment business, or any 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 TIANRUN INTERNATIONAL CORPORATION or NEWSOLID MARKETS CO., 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.

Annex

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Danger

2024-09-02

Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney)