Administrative Penalty $2,000.00 - LJ INVESTMENTS CORP. (2017-09-02)

Summary

This is a public enforcement notice issued by the BVI Financial Services Commission recording that it imposed an administrative penalty on LJ Investments Corp. It documents a completed enforcement action rather than creating new ongoing requirements for other regulated entities.

• Penalty: $2,000.00 administrative penalty imposed on LJ Investments Corp.
• Breach: Contravention of section 10(4) of the Mutual Funds Regulations, 2010, for failing to provide a copy of its audited financial statements within six months after its financial year end of 31 December 2014.
• Reference: Matter ID BF101113/332.

The notice serves as a public record of the Commission's enforcement action and underscores the regulator's expectation that mutual funds submit audited financial statements within the statutory six month deadline after financial year end.

Applies to

mutual funds