The Financial Services Commission

Year 2001Regulated by Government

The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

Disclose broker

Danger Unauthorized

LiveFxTrade

Livefxtrades2010

LiveFX

Disclosure summary

Disclosure matching Website matching
Disclosure time 2014-10-27
Reason for punishment The entity under this name is not and has not, at any point in time, been licensed and regulated by the FSC.

Disclosure details

ALERT-Warning against LiveFX Trader

ALERT Warning against LiveFX Trader The Cyprus Securities and Exchange Commission (the “CySEC”) and the Financial Services Commission, Mauritius (the “FSC Mauritius”) would like to alert the public with regards to LiveFX Trader (“LiveFX”). The CySEC and the FSC Mauritius have recently been made aware that LiveFX is displaying a fraudulent copy of an Investment Dealer, Full Service Dealer (excluding underwriting) Licence portraying the logo FSC Mauritius which is accessible on the following website: http://www.dionlivefx.com/regulation.html The address is incorrectly stated insofar as the address of the FSC Mauritius reads as FSC House 54 Cybercity Ebene Republic of Mauritius. However, the address on the fraudulent licence appears as FSC House 54 Cybercity Ebene Republic of Cyrus. The CySEC and the FSC Mauritius hereby inform the public that LiveFX is not and has not at any time been licensed by the CySEC or the FSC Mauritius. The CySEC and the FSC Mauritius therefore urge the public to exercise caution in respect to LiveFX. Cyprus Securities and Exchange Commission & Financial Services Commission, Mauritius 27 October 2014

Annex