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 entity referred to as FX PRIMARY LTD or FXPRIMARY LLC (FX PRIMARY) 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 this entity and its agents/representatives are not registered with/licensed by the Commission. Additionally, this entity has not made the requisite 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 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 Via its website, https://fxprimary.com/, FX PRIMARY offers crypto-currency, securities trading and brokerage services. The website makes a false claim that the Securities Commission of The Bahamas regulates it and has authorized it to deal, arrange and manage securities. -------------- Individuals currently (or perhaps contemplating) conducting business with the aforementioned entity or its agents/representatives, should be cognizant that they are doing so with an entity and/or agents who are not authorized or regulated by the Commission.