Sovereign International Worldwide Limited - Advisory Warning No. 24 of 2013 (12 September 2013)

 Advisory Warning No. 24 of 2013

12 September, 2013

ADVISORY WARNING

SOVEREIGN INTERNATIONAL WORLDWIDE LIMITED
(trading as Sovereign International Ltd.)

Tortola, British Virgin Islands – 12 September 2013 – The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that a BVI business company called Sovereign International Worldwide Limited is offering investment brokerage and insurance intermediary services from within the Virgin Islands without being licensed to do so. 
 

As a result of the FSC’s enquiries, it would appear that this BVI business company operates a website located at www.sovereigninternational.com through which it is offering its investment brokerage and insurance intermediary services under the trading name of Sovereign International Ltd.

The BVI business company known as Sovereign International Worldwide Limited has never been licensed by the FSC to carry on any financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution if solicited at any time by this entity.   

The public is invited to provide the FSC with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Territory.
 

The FSC is issuing this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.