Sharp Courage Global Limited - Advisory Warning No. 7 of 2011 (20 June, 2011)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission alerting the public that Sharp Courage Global Limited is not, and has never been, licensed or regulated by the FSC to carry on financial services business in or from the British Virgin Islands.

• Conduct alleged: The company has been making unsolicited telephone calls to investors, offering to purchase their worthless stock as a way to recover from a bad investment.
• Website and false claims: Sharp Courage Global operates a website (www.sharpcourageglobal.com) and has falsely presented itself as being registered and licensed in the BVI as a bank and trust company.
• Public guidance: Members of the public are advised to exercise extreme caution in any dealings with the company, and generally with unsolicited offers or questionable websites.
• Reporting invited: The public is invited to provide the FSC with information on other questionable entities purportedly operating in or from the BVI.

The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001, and is purely informational in nature; it does not impose any compliance obligations on licensed entities.