Benson Union Limited - Advisory Warning No. 32 of 2012 (31 December 2012)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that Benson Union Limited, trading as Benson Union, has been offering investment products and services online while falsely presenting itself as licensed and regulated in the British Virgin Islands. The FSC confirms this entity has never been licensed to carry on investment business in or from within the Territory.

• Entity named: Benson Union Limited, also trading as Benson Union, operating via the website www.bensonunion.net
• Finding: The entity is not and has never been licensed by the FSC to carry on investment business in or from within the BVI
• Public advice: Members of the public are urged to exercise extreme caution if solicited by this entity under either name
• Legal basis: Issued by the FSC under Section 4(1)(l) of the Financial Services Commission Act, 2001

The FSC also invites the public to report information about this or any other questionable entities purportedly operating in or from the Territory. This is a one-off public warning notice rather than a rule change and does not itself impose ongoing compliance obligations on regulated entities.

Applies to

members of the public, investors