Weatherstone Capital Ltd. - Advisory Warning No. 9 of 2010 (2010-12-21)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission warning that Weatherstone Capital Ltd is not incorporated, registered, or licensed in the British Virgin Islands, despite offering investment opportunities while presenting itself as such. The FSC issued the notice after becoming aware that the entity was misrepresenting its BVI status to the public.

• Not licensed: Weatherstone Capital Ltd has never been incorporated, registered, or licensed by the FSC to carry on financial services business in or from the BVI.
• Misrepresentation: The entity has been offering investment opportunities while falsely presenting itself as incorporated, registered and licensed in the British Virgin Islands.
• Public caution: Members of the public are advised to exercise extreme caution before conducting any transactions with Weatherstone Capital Ltd.
• Reporting invited: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from within the Territory.

The warning was issued under Section 4(1)(l) of the Financial Services Commission Act, 2001, and is purely informational in nature; it does not impose regulatory obligations on licensed entities but serves to alert the public and industry to a fraudulent or unauthorised operator.

Applies to

general public, persons dealing with Weatherstone Capital Ltd