Disclosure details -

The Securities Commission of The Bahamas

Year 1995Regulated by Government

The Securities Commission of The Bahamas (“the Commission”)（SCB) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That Act has since been repealed and replaced by new legislation. The Commission’s mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The Commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services in 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000.

Disclose broker

Danger Unauthorized

IndexEvolve

Disclosure summary

Disclosure matching Website matching
Disclosure time 2022-03-22
Reason for punishment It has come to the attention of the Commission that EVOLVE INVEST LIMITED (“EVOLVE”) may be carrying on activities, in or from The Bahamas, that are either registrable/licensable or illegal under one or more of the Acts.

Disclosure details

SECURITIES COMMISSION OF THE BAHAMAS PUBLIC NOTICE No. 4 of 2022 22 March 2022 RE: EVOLVE INVEST LIMITED NOT REGULATED BY THE SECURITIES COMMISSION

This NOTICE is issued by the Securities Commission of The Bahamas (“the Commission”) pursuant to its authority under the Securities Industry Act, 2011, the Investment Funds Act, 2019, the Financial and Corporate Service Providers Act, 2020 and the Digital Assets and Registered Exchanges Act, 2020 (“the Acts”). It has come to the attention of the Commission that EVOLVE INVEST LIMITED (“EVOLVE”) may be carrying on activities, in or from The Bahamas, that are either registrable/licensable or illegal under one or more of the Acts. The Commission hereby advises the public that EVOLVE, its agents/representatives are not registered with/licensed by the Commission. Additionally, EVOLVE has not to date made the prerequisite applications to be registered/licensed by the Commission. Therefore, any registrable/licensable activity conducted, in or from The Bahamas, by this entity and its agents/representatives is in violation of one or more of the Acts. If this entity or its agents/representatives claims to be legally authorized or licenced to engage in any aspect of the securities industry in or from The Bahamas, they have committed an offence and are liable for criminal prosecution and/or regulatory sanctions under the relevant laws of The Bahamas. B ACKGROUND Via its websites, h ttps://indexevolve.com/, EVOLVE offers securities trading and brokerage services. At the bottom of each webpage, is the false statement that EVOLVE is “regulated by The Securities Commission of The Bahamas”. As prior indicated, EVOLVE is not registered or licensed by the Commission. ----------------------------------------

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Annex