The British Virgin Islands Financial Services Commission issued a public statement warning that Leadtradeplc.com has never been licensed or regulated by the FSC and is falsely presenting itself as authorised to conduct financial services business. The FSC said Leadtradeplc.com is circulating a forged investment business licence and purporting to be licensed for dealing in investments and arranging deals in investments. It also stated that Leadtradeplc.com is not a British Virgin Islands company, advised the public to exercise extreme caution and avoid conducting any business with it, and invited the submission of relevant information on questionable entities and improper activities operating in or from within the Territory. The statement was issued under Section 37A of the Financial Services Commission Act, 2001.