PRIORY INVESTMENTS SERVICES LTD. - Advisory Warning No. 17 of 2013 (2013-05-27)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) about Priory Investments Services Ltd., a BVI Business Company that operated the website www.prioryinvestments.com and marketed online investments in businesses in the gaming sector. The FSC states that this entity has never been licensed to carry on investment business in or from within the BVI.

• Warning: Priory Investments Services Ltd. is not licensed by the FSC to carry on investment business in or from within the Territory.
• Public advice: Members of the public are advised to exercise extreme caution in conducting any transactions with the entity.
• Call for information: The public is invited to provide the FSC with relevant information on questionable entities and any improper or illegal activities.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public alert rather than a rule with ongoing compliance obligations; it does not impose requirements on licensees but warns the public and industry to avoid dealing with the named unlicensed entity.

Applies to

members of the public, unlicensed entities purporting to carry on investment business