IOSCO Member Investor Alerts / Warnings - Update – 15 March 2010
This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 30 of the Financial Services Act 2008.
The Isle of Man Financial Supervision Commission is a member of the International Organization of Securities Commissions (“IOSCO”)
IOSCO is recognized as the international standard setter for securities markets. The Organization's wide membership regulates more than 90% of the world's securities markets. IOSCO members regulate more than one hundred jurisdictions and the Organization's membership is steadily growing.
IOSCO has launched a new service of disseminating to the full IOSCO membership any Investor Alerts and Warnings that are published by IOSCO members.
These Investor Alerts and Warnings will typically refer to entities which are not authorized to provide investment services from the relevant jurisdiction. Members of the public should be cautious of these entities.
The Isle of Man Financial Supervision Commission has been advised of Investor Alerts / Warnings issued recently by the following IOSCO members in respect of the entities listed below. Also listed below are the website addresses of the relevant IOSCO members.
|Date of Circulation||Subject||Member Issuing Warning||Website of Member|
|22 February 2010||FXT Financial Corp||The National Securities Commission of the Republic of Panama (Comisión Nacional de Valores de la República de Panamá-CNV)||www.conaval.gob.pa|
|3 March 2010||Dawson & Fielding Inc||Finansinspektionen (the Swedish Regulator)||www.fi.se|
|8 March 2010||
William Smith Partners see: http://www.jerseyfsc.org/the_commission/
|Jersey Financial Services Commission||www.jerseyfsc.org|
|9 March 2010||
Cyprus based - Genius Funds – see:http://www.bcsc.bc.ca/comdoc.nsf/comdoc.nsf/webpolicies/
|British Colombia Securities Commission (BCSC)||www.bcsc.bc.ca|
The Commission is drawing attention to these Investor Alerts / Warnings in order to assist the due diligence process of its licenceholder or members of the public which may have dealings with these entities.
If further information is required, interested parties should contact the relevant IOSCO Member via their website address listed above.
FSC Reference: CD/10/2010