The Financial Services Commission has today issued a warning to the public regarding Glenburnie Investments Limited, a company incorporated in the British Virgin Islands, although it is managed from Gibraltar.
The FSC has received information that indicates that Glenburnie Investments Limited may be carrying on investment business in or from within Gibraltar.
Glenburnie Investments Limited is not 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, whilst it continues its investigations.
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.