Imperial Precious Metals Trading Inc - Advisory Warning No. 6 of 2012 (2012-05-09)

Summary

This is a public advisory issued by the BVI Financial Services Commission (FSC) warning about IMPERIAL PRECIOUS METALS TRADING INC., an entity offering investment opportunities online and claiming to be incorporated and registered in the British Virgin Islands. The FSC confirms the entity has never been incorporated or registered in the BVI and is not licensed by the FSC.

• Warning: Imperial Precious Metals Trading Inc. is not and has never been incorporated or registered in the BVI, nor licensed by the FSC, despite presenting itself online as a BVI entity.
• Public advice: Members of the public are advised to exercise extreme caution before conducting any transactions with this entity.
• Call for information: The public is invited to provide the FSC with any information on questionable entities purportedly operating in or from the Territory.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public warning rather than a rule imposing ongoing regulatory obligations on licensed entities; it targets the public and warns against dealing with the named unregistered entity.

Applies to

members of the public, unregistered/unlicensed entities purporting to operate in or from the BVI