WARNING
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the investors that the company ‘GENIUS INVESTMENTS (CYPRUS) LTD’:
1.Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as:
i.It has never been authorized by the Commission.
ii.Ιt is not a bank or a cooperative firm, established in the Republic and authorised to provide such services.
iii.No notification has been received by a competent authority of another Member State, pursuant to sections 77 and 80 of the abovementioned Law.
2.Is not regulated by the Commission and the authorisation with the number CIF 087/07, which the abovementioned company is alleged that it possesses, is fake.
The Commission urges investors, before conducting business with Investment Firms, to consult its Web Site (http://www.cysec.gov.cy/default_en.aspx) to confirm the entities that are authorised to provide investment services in the Republic.
Finally, the Commission informs the investors that the ‘Genius Funds’ are not also regulated by it.
Nicosia, 11 March 2010
See the PDF file here