G.V.F Management Group Ltd. Global Venture Financing - Advisory Warning No. 14 of 2012 (2012-07-05)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission alerting the public that G.V.F Management Group Ltd, trading as Global Venture Financing, is not licensed to carry on financial services business in or from within the British Virgin Islands.

• Conduct flagged: The entity has been offering and promoting Foreign Exchange (Forex) dealing and various investment facilities to potential investors via websites globalventurefinancing.com and globalventurefinancing.net.
• Misleading claims: The entity claims incorporation in both the Isle of Man and the British Virgin Islands and suggests it is regulated under BVI law, which the FSC states is not the case.
• Public guidance: Members of the public are advised to exercise extreme caution when dealing with this entity and are invited to report relevant information on it or other questionable entities operating in or from the Territory.
• Legal basis: The warning is issued by the FSC under section 4(1)(l) of the Financial Services Commission Act, 2001.

The notice does not impose any continuing compliance obligations on licensed or regulated entities; it is an investor protection alert concerning an unlicensed operator.