Administrative Penalty $8,000.00 - Capitalworks Investment Management International Advisors Limited (2014-03-28)

Summary

This is an enforcement notice published by the British Virgin Islands Financial Services Commission announcing that it imposed an administrative penalty of $8,000.00 on Capitalworks Investment Management International Advisors Limited.

• Contravention: The company carried on investment business in or from within the Virgin Islands without holding a licence authorizing that activity, in breach of section 4(1) of the Securities and Investment Business Act, 2010.
• Penalty: An administrative penalty totalling $8,000.00 was imposed.
• Reference: Matter ID BF101113/186.

This notice is purely informational, recording a past enforcement outcome against a single named entity; it does not itself impose ongoing obligations on other firms, but it signals that the Commission actively enforces the licensing requirement under section 4(1) against unlicensed investment business activity.

Applies to

persons carrying on investment business, unlicensed investment business operators