Warning from the Securities and Futures Commission, Hong Kong
Name: Ventures GP
Type: Unlicensed entities
Address(es): Calle Pinar 5, 28006 Madrid, Spain
Remarks: The company uses a bank account in Hong Kong in the name of Inspire Vintage Pvt Limited for settlement.
Add date: 10 Aug 2016
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by Ventures GP.
Finanstilsynet has been informed that Ventures GP (address: Calle Pinar 5, 28006 Madrid, Spain) has approached Norwegian investors offering investment services. The company also offers services from a website www.venturesgp.com/.
Finanstilsynet wishes to make it clear that Ventures GP is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Ventures GP.
Finanstilsynet's registry (www.finanstilsynet.no/registry) gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website (www.finanstilsynet.no/markedsadvarsler/).