Enforcement Action

Enforcement Action: Administrative Penalty $6,000.00
Name of Entity: WISE TRAIN LIMITED
Date of Action: 12/13/2016

An administrative penalty in the amount of $6,000.00 was imposed on WISE TRAIN LIMITED for its contravention of section 4(1) of the Securities and Investment Business Act, 2010 for carrying on investment business (managing investments) in or from within the Virgin Islands without holding a licence authorising it to carry on investment business.