Kerford Investments Limited - Public Statement No. 4 of 2018 (2018-03-19)

Summary

This is a public warning statement issued by the British Virgin Islands Financial Services Commission (FSC) concerning Kerford Investments Limited, a company incorporated in the BVI on 22 April 1997. The FSC states that the Company has never been licensed or regulated by it to conduct any financial services business, yet operated the website www.kerfordinvestments.com to carry on investment business online without the required licence, in breach of BVI legislation.

• Cease order: The FSC issued the Company an order to immediately stop carrying on investment business in the BVI.
• Public warning: The statement is intended to protect the public interest and the interests of any customers or creditors of the Company by making clear it is unlicensed.
• Call for information: The FSC invites members of the public to submit any relevant information about this matter or about other entities suspected of operating questionably in or from the BVI.
• Legal basis: The statement is issued pursuant to Section 37A(2) of the Financial Services Commission Act, 2001.

The notice is informational and enforcement-related rather than one imposing ongoing compliance duties on licensed firms; it serves chiefly to alert the public and market participants that Kerford Investments Limited is unauthorised and subject to a cease order.