Public Statement 6 of 2020 - COIN ENSURED INVESTMENTS CORP. (2020-05-15)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about COIN ENSURED INVESTMENTS CORP., an entity that has never been licensed or regulated by the FSC for any financial services business. The FSC states the entity is circulating a forged investment business licence and falsely claiming to be authorised in the BVI to carry on investment business by dealing in investments.

• Nature of concern: COIN ENSURED INVESTMENTS CORP. is using a forged licence and falsely purporting to be licensed and regulated by the FSC to carry out investment business.
• FSC finding: The entity is not, and has never been, licensed or regulated to carry on investment business in or from within the BVI.
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and protective rather than regulatory in effect: it does not create ongoing compliance obligations for licensed entities, but invites the public to report any information about questionable entities or improper activities to the FSC.

Applies to

members of the public, potential investors solicited by unlicensed entities