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Global Broker Regulation & Inquiry App

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 That Act has since been repealed and replaced by new legislation.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.

Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2022-06-20
  • Reason for punishment It has come to the attention of the Commission that the entities listed below may be conducting activities that are either registrable/licensable or illegal under one or more of the Acts.
Disclosure details

SECURITIES COMMISSION OF THE BAHAMAS PUBLIC NOTICE No. 5 of 2022 20 June 2022 RE: ENTITIES NOT REGULATED BY THE SECURITIES COMMISSION OF THE BAHAMAS

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 the entities listed below may be conducting activities that are either registrable/licensable or illegal under one or more of the Acts. The Commission hereby advises the public that none of these entities or their agents/representatives are registered with/licensed by the Commission. Additionally, none of the listed entities have applied to be registered/licensed by the Commission. Therefore, any registrable/licensable activity conducted, in or from The Bahamas, by these entities and their agents/representatives is in violation of one or more of the Acts. UNREGISTERED/UNLICENSED ENTITIES COMPANY NAMES WEBSITE 1 ALPHA EXCHANGE INTERNATIONAL GROUP https://alphaexchangeintl.com 2 ALPHA TRADE STATION PLC. ALPHA TRADE STATION CORP. https://www.alpha-tradestation.com/ 3 ASTRO FOREX TRADE https://www.facebook.com/AstroForextrade 4 CRYPTO TITAN TRADES CORP CRYPTO TITAN TRADES PLC https://cryptotitantrades.com 5 CRYPTOSVILLE https://cryptosville.org 6 EQUITY OPTION TRADE CORP. EQUITY OPTION TRADE PLC https://equityoptiontrade.com 7 FOREXEXPRESSTRADE CORP. FOREXEXPRESSTRADE PLC https://forexexpresstrade.com 8 FOREXRUBY CORP. FOREXRUBY PLC https://forexruby.com 9 FXPROFIT PLANET CORP. https://fxprofitplanet.com SCB FXPROFIT PLANET PLC Notice No. 5 of 2022 HODLWORLD24 CORP 10 . HODLWORLD24 PLC 11 INVESTORS GROUP OF EAST GATE CORP https://hodlworld24.com . INVESTORS GROUP OF EAST GATE PLC 12 REALFACTORFX CORP REALFACTORFX PLC . https://investorgroupeastgate.online https://www.realfactorfx.com 13 STALLION TRADE PLC. STALLION TRADE CORP. 14 SUREHAVENFX CORP SUREHAVENFX PLC . https://stalliontradestation.com/ https://www.surehavenfx.com 15 VALIZERFXTRADING CORP VALIZERFXTRADING PLC . https://valizerfxtrading.com If any of these entities or their agents/representatives claim to be legally authorized or licensed 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. BACKGROUND On their respective websites, each above-listed entity offers securities trading and brokerage services. Each website makes the false statement that the company is “authorized and regulated by the Securities Commission of The Bahamas” and/or fraudulently gives a street address in The Bahamas as a business location. WARNING Individuals currently (or desirous of) conducting business with the aforementioned entities or their agents/representatives, should be cognizant that they are doing so with entities and/or agents who are not authorized or regulated by the Commission. Members of the public should exercise extreme caution in considering engagement in securities related activities with the aforementioned entities or their agents/representatives. ______________________________________ NOTE THAT listings of the Commission’s registrants and licensees who are authorized to engage in activities regulated by any of the Acts, in or from The Bahamas, are located on the Commission’s website at https://www.scb.gov.bs/registrant-licensee-search/ . Anyone who has a complaint and/or information pertaining to the aforementioned entities should contact: Mr. Gawaine Ward Senior Manager Enforcement Department Securities Commission of The Bahamas E-mail: info@scb.gov.bs or enfdept@scb.gov.bs.
Annex
More regulatory disclosure

Danger

2017-05-17

Danger

2020-07-15

Danger

2020-09-21

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