International Securities & Commodities Alerts Network (I-SCAN) - (International) Corporate Services Limited
| Warning ID: | 269 |
|---|---|
| National Competent Authority (NCA): | Gibraltar - Gibraltar Financial Services Commission |
| Date Published At IOSCO: | 2010-11-24 |
| Last Updated: | 2010-11-24 |
| NCA URL: | http://www.fsc.gi/enforcement/fscwarning0032.htm |
| Commercial Name: | (International) Corporate Services Limited |
| Category: | Unregistered/Unlicensed entity offering financial products or services |
| Additional Information: | (International) Corporate Services Limited The Financial Services Commission has recently received reports of flyers circulated in Gibraltar by the above-named company. The flyer promoting "Green investments with excellent returns" also makes reference to the incorporation number of the company (No.66726) and to the company's website, which promises to, "offer unique investments as an agent for licensed entities, that is offered high return, with low risk." Enquiries carried out by the FSC's Enforcement staff confirm that (International) Corporate Services Limited was struck off the Register of Companies by the Registrar on the 23/05/2010 by Notice no. 2992. (International) Corporate Services Limited is not, nor has it ever been regulated by the FSC. Although the 'investments' referred to on the website do not appear to caught by the provisions of the Financial Services (Investment & Fiduciary Services) Act 1989, or the Financial Services (Markets in Financial Instruments) Act 2006, the FSC nevertheless urges the public to exercise appropriate caution in respect of this entity, given that it is no longer an existing company. Please note that the flyer and the website both refer to 'International' Corporate Services Limited without the brackets. Companies House (Gibraltar) states on its website that special authorisation is required for use of "Words which imply National or International Pre-Eminence", such as 'International'. People are also able to verify whether a firm is licensed, by checking the "Regulated Entities" section on our website at http://www.fsc.gi/fsclists/categorysearch.asp |
