Is St. Lucia following in the footsteps of St. Vincent and the Grenadines? Remember a few years ago when the Financial Services Authority (FSA) of St. Vincent and the Grenadines started receiving numerous complaints about FX/CFD broker companies misleading clients by claiming they were regulated in St. Vincent? In response to these complaints, the SVG FSA introduced a requirement for shareholders to hold a license in another jurisdiction. Following this change, St. Lucia emerged as a popular secondary hub for unregulated brokers. However, it now seems that the St. Lucia FSA is also starting to receive many complaints and is increasingly monitoring the companies registered there. The St. Lucia FSA has been regularly publishing warning lists of companies falsely claiming to be regulated in St. Lucia, similar to the example below. Perhaps, in time, St. Lucia will also introduce stricter requirements for such companies?