WI Net Corporation - Advisory Warning No. 2 of 2010 (2010-06-09)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that WI Net Corporation, also trading as Water Investment, is not incorporated, registered or licensed in the British Virgin Islands despite offering investment opportunities online and claiming BVI incorporation and licensing.

• Entity named: WI Net Corporation, also operating as Water Investment, offering investment opportunities via www.waterinvestment.net
• Finding: The entity has never been incorporated, registered or licensed by the FSC
• Public guidance: Members of the public are advised to exercise extreme caution in any dealings with this entity
• Legal basis: Warning issued under Section 4(1)(1) of the Financial Services Commission Act, 2001

The notice is informational and does not create ongoing compliance obligations for regulated entities; it is aimed at protecting the public from an unlicensed and potentially fraudulent operator. The FSC invites the public to submit information on other questionable entities purportedly operating in or from the BVI.