Business
Warnings Over Two Companies
It has shared warnings and a link to the registry on its Facebook page.
The Financial Services Authority has issued a warning about two companies claiming to be operating out of the island.
It has shared warnings and a link to the registry on its Facebook page.
The FSA has become aware of a website, www.roundstonefl.com purporting to represent the business Roundstone Finance Limited and claiming to have an Isle of Man presence at 2nd Floor, Cycle 360 Building, Isle of Man Business Park, offering a wide range of financial products.
It has also been made aware that www.devonhirstinvestments.com purporting to represent the business Devonhirst Investments Limited and claiming to have an Isle of Man presence at 7 Athol Street, Douglas, also claiming to offer a wide range of financial products.
However, it said it has failed to establish any association between the websites and any genuine Isle of Man companies or businesses.
It said: ‘Those operating the potentially fraudulent website have no authority to claim that they operate in or from the address, 2nd Floor, Cycle 360 Building, Isle of Man Business Park, Douglas, Isle of Man and as far as we can ascertain they are not known to anyone genuinely associated to that address.
‘We are aware that there is a genuine Isle of Man company named Roundstone Finance Limited but we are content that this genuine Isle of Man company is in no way linked to the potentially fraudulent website roundstonefl.com and the genuine company’s details have been cloned to give the aforementioned website some credibility.’
It added: ‘Those operating the potentially fraudulent website have no authority to claim that they operate in or from the address, 7 Athol Street, Douglas, Isle of Man IM1 1LD as far as we can ascertain they are not known to anyone genuinely associated to that address.
‘We are aware that there is a genuine Isle of Man company named Devonhirst Investments Limited but we are content that this genuine Isle of Man company is in no way linked to the potentially fraudulent website devonhirstinvestments.com and the genuine company’s details have been cloned to give the aforementioned website some credibility.’
