PUBLIC ALERT - THINK MARKETS/THINK CAPITAL (2021-09-07)

Summary

This is a public alert issued by the Bermuda Monetary Authority (BMA) clarifying that ThinkMarkets/Think Capital Limited falsely claimed in a 17 August 2021 press release to hold a licence issued by the BMA. The BMA confirms it has not licensed any ThinkMarkets entity, including Think Capital Limited.

• False claim: ThinkMarkets issued a press release on 17 August 2021 stating it held a BMA licence, which was untrue.
• BMA response: The BMA contacted ThinkMarkets, which admitted the statement was made in error and should have referred to a licence issued by the Cayman Islands Monetary Authority instead.
• Correction: ThinkMarkets issued a corrected press release on 21 August 2021.

The notice is informational and serves to warn the public and market participants that Think Markets/Think Capital Limited is not licensed by the BMA. It imposes no ongoing obligations on regulated entities.