The Financial Services Commission warns the public against the activities of E1 Asset Management, Inc ('E1'), which has been approaching investors in Gibraltar through unsolicited or 'cold calls' to invest money in foreign securities without the necessary authorisation.
The FSC hereby informs the public that E1 does not have the appropriate authorisation to provide any type of financial services activities in or from within Gibraltar.
Other overseas regulators have already issued public warnings concerning E1.
The FSC cautions members of the public against investing in shares or other securities through companies that solicit for business through unsolicited or 'cold calls'.
The FSC would like to remind investors not to enter into any financial services transaction, unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the FSC or other reputable financial services regulator.
A list of entities licensed by the FSC is available from the Regulated Entities menu.
Any persons who are already involved in any dealings with the above entity and have concerns, should contact the Manager of Fiduciary Services and Enforcement on +350 200 40283 or by e-mail to enforcement@fsc.gi.