Press Release on Forex Trading

723

The Central Bank of Lesotho, as the Commissioner of Financial Institutions,
advises members of the public that there are persons and companies who take
deposits from the public with the purpose to trade in foreign currencies (forex
trading), on behalf of such members of the public, on the promise that they will
get lucrative returns on their deposits within a certain period.

The public is warned that these individuals and companies are operating without
licenses from the Central Bank of Lesotho. The Central Bank of Lesotho, therefore,
advises members of the public to desist from giving such persons or companies
any monies under the impression of making an investment.

Members of the public are informed that participation in any activities related
to the acquisition, trading or use of financial securities is at the user’s sole risk.
The Central Bank of Lesotho warns members of the public that, in the event of
any losses resulting from participation in these forex trading activities, there
shall not be any recourse to the Central Bank of Lesotho.

The Central Bank of Lesotho directs any person or company that is collecting
monies from members of the public for forex trading activities, to cease with
immediate effect.

For more information and enquiries, please contact 22232461/22232429.

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