The Financial Services Commission ('FSC') has today issued a warning to the public regarding Core Market Research.
This follows information received by the FSC, which indicates that Core Market Research has been selling shares in Global Immune Technologies Inc to members of the public, which were subsequently never received.
Investors have been asked to remit payments to a bank account in Tangier, Morocco.
A website operated by Core Market Research only shows a contact form, with no contact details.
However an investor had been informed that the contact address was Suite 1, Garrison House, 3 Library Ramp, Gibraltar.
It is not however, incorporated in Gibraltar and has never been regulated by the FSC, or licensed under the Financial Services (Investment & Fiduciary Services) Act 1989, or the Financial Services (Markets in Financial Instruments) Act 2006, to carry on investment business in or from within Gibraltar.
The FSC therefore urges the public to exercise appropriate caution in respect of this entity. People are also able to verify whether a firm is licensed, by checking the "Regulated Entities" section on our website at http://www.fsc.gi/fsclists/categorysearch.asp.
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.