North-West Financial Broker - Advisory Warning No.11 of 2011 (2011-09-12)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) about an entity called North-West Financial Broker, which offers investment opportunities online at www.nwfbroker.com and claims to be incorporated and registered in the BVI.

• Key finding: North-West Financial Broker is not and has never been incorporated or registered in the British Virgin Islands, nor licensed by the FSC.
• Public advice: Members of the public are advised to exercise extreme caution in any dealings with North-West Financial Broker.
• Reporting request: The public is invited to provide the FSC with any relevant information about questionable entities purportedly operating in or from the Territory.
• Legal basis: The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is a purely informational public alert rather than a regulatory instrument that creates ongoing compliance duties for licensed entities; it warns consumers and the industry about an unlicensed, potentially fraudulent operator falsely claiming a BVI connection.