Advisory
Stand Online Ltd./ Fidelity - Advisory Warning No. 2 of 2012 (2012-02-29)
IssuedView on FSC's website Source document
Summary
This is a public advisory issued by the BVI Financial Services Commission warning that Stand Online Ltd. / Fidelity Ltd., which operates the website stockcastle.com and offers investment opportunities while claiming to be incorporated and registered in the British Virgin Islands, is not in fact incorporated, registered, or licensed there. The FSC also confirms these entities have no affiliation with the FSC-licensed Fidelity Corporate Services Ltd. and Fidelity Management Services Limited.
- Entity named: Stand Online Ltd. / Fidelity Ltd., operating via www.stockcastle.com
- Finding: Not incorporated, registered in the BVI, or licensed by the FSC
- No affiliation: Confirmed unrelated to licensed entities Fidelity Corporate Services Ltd. and Fidelity Management Services Limited
- Public guidance: Members of the public urged to exercise extreme caution in any dealings with this entity
- Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001
This is a purely informational public warning notice and does not create ongoing compliance obligations for regulated entities; it invites the public to report information on questionable entities operating in or from the Territory.
Applies to
general public, investors