Posted on April 05, 2013 15:08
Advisory Warning No. 14 of 2013
5 April, 2013
Blackstar Capital Management Limited
Tortola, British Virgin Islands – 5 April, 2013 – The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that a BVI business company called Blackstar Capital Management Limited has been offering Forex related investment products and services, fund management and brokering services whilst purporting to be licensed and regulated in the British Virgin Islands.
As a result of the FSC’s enquiries, it would appear that this BVI business company operates a website offering its investment products and services located at www.managementforex.com.
The BVI business company known as Blackstar Capital Management Limited has never been licensed by the FSC to carry on investment business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution if solicited at any time by this entity.
The public is invited to provide the FSC with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Territory.
The FSC is issuing this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.