MMIP International Portfolios Limited - Advisory Warning No. 17 of 2012 (2012-09-11)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission warning that MMIP International Portfolios Limited is carrying on unauthorised investment business in or from the BVI, providing investment management and advisory services without holding the required operating licence. The FSC confirms the entity has never been licensed to conduct financial services business in the Territory.

• Warning: MMIP International Portfolios Limited is not and has never been licensed to carry on financial services business in or from within the BVI, despite providing investment management and advisory services there.
• Public advice: Members of the public are advised to exercise extreme caution when dealing with MMIP International Portfolios Limited.
• Call for information: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from within the Territory.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

Applies to

unlicensed entities purporting to conduct investment business, members of the public dealing with MMIP International Portfolios Limited