Advisory
Investor Alert - Genesis Business Group Limited (2020-12-21)
Issued 2020-12-21View on CIMA's website Source document
Summary
This is a public investor alert issued by the Cayman Islands Monetary Authority (CIMA) on 21 December 2020, warning that Genesis Business Group Limited and an associated entity/person, Gold Tinkle, are not and have never been licensed by CIMA to carry on securities or commodities trading business. This includes trading in foreign exchange contracts (forex), contracts for differences (CFDs), gold or silver. The alert is purely informational and does not create ongoing regulatory obligations for licensees or regulated entities.
The notice is aimed at members of the public who may be approached by or dealing with Genesis Business Group Limited or Gold Tinkle.
- Complaints: Anyone with complaints about these entities can contact CIMA's Securities Supervision Division.
- Suspected victims: Individuals who believe they have been victimized by such unlicensed forex, CFD or precious metals trading activity should contact financial crime authorities in their own jurisdiction.
There is no indication in the text of any enforcement action, penalty, or licensing status change beyond the statement that these entities have never held a CIMA licence.