The Malta Financial Services Authority (MFSA) warns the public against the activities of the company GRAVES, STANLEY & PEABODY LIMITED (GSP) which appears to have an office at: East Hill Street, P.O. Box N-10214, Nassau Bahamas. The company also purports to have other offices in Belize, British Virgin Islands, Vanuatu, Switzerland and the Isle of Man.
It appears that GSP is approaching Maltese consumers to invest money in what would appear to be speculative securities without the necessary authorisation. GSP is also circulating a newsletter entitled “The Trendsetter”.
MFSA hereby informs the public that GSP does not have the appropriate authorisation to provide any type of financial services activities in Malta.
Similar notices about GSP have also been issued by the New Zealand Securities Commission, the Isle of Man’s Financial Supervision Commission and the Netherlands Authority for the Financial Markets.
The MFSA would like to take this opportunity 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 holds a licence to provide such services from the MFSA or other reputable financial services regulator. A list of entities licensed by the MFSA is available from www.mfsa.com.mt.
Persons who have been contacted by GRAVES, STANLEY & PEABODY or wish to obtain additional information about the regularity of any transaction proposed, are invited to contact the MFSA’s Consumer Complaints Manager (telephone: 800 749 24, e mail address: [email protected]).