Blackstar Capital Management Limited - Advisory Warning No. 14 of 2013 (2013-04-05)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that Blackstar Capital Management Limited has been offering Forex-related investment products, fund management and brokering services while falsely purporting to be licensed and regulated in the BVI.

• Entity concerned: Blackstar Capital Management Limited, a BVI business company operating a website at www.managementforex.com
• Finding: The FSC confirms this entity has never been licensed 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
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001

The notice does not impose ongoing compliance obligations on regulated entities; it is a warning to the public and invites anyone with relevant information about this or other questionable entities to contact the FSC.

Applies to

members of the public, unlicensed entities purporting to offer investment business