Enforcement Action

Enforcement Action: Administrative Penalty $9,000.00
Name of Entity: MG Management Services Limited
Date of Action: 17/03/2015

An administrative penalty in the amount of $9,000.00 was imposed on MG Management Services Limited for its contravention of section 4(1) of the Securities and Investment Business Act, 2010 by carrying on investment business in or from within the Virgin Islands whilst not holding a licence authorizing it to carry on that kind of investment business.