Sovereign International Worldwide Limited - Advisory Warning No. 24 of 2013 (2013-09-12)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that Sovereign International Worldwide Limited, trading as Sovereign International Ltd, is offering investment brokerage and insurance intermediary services from within the Virgin Islands without being licensed to do so. The company operates a website (www.sovereigninternational.com) through which it offers these services under the trading name Sovereign International Ltd. The FSC confirms it has never licensed this entity to carry on any financial services business in or from within the Territory.

• Unlicensed activity: Sovereign International Worldwide Limited is offering investment brokerage and insurance intermediary services without an FSC licence.
• Public caution: Members of the public are advised to exercise extreme caution if solicited by this entity.
• Reporting invited: The public is invited to provide the FSC with any relevant information on this entity or other questionable operators in or from the Territory.

The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001, and is informational in nature, alerting the public rather than imposing compliance duties on regulated entities.

Applies to

general public, unlicensed entities offering investment brokerage or insurance intermediary services