Possible Legal Issue with the Laws of Belize
I came across this website when I was checking for legitimately of ReproFinance.
As I'm still unable to post links, kindly search [International Financial Services Commission of Belize] on google and you can see the link to the Government Website of Belize. Proceed to the Warning Notices link on the top of the page. Try using the CTRL Find function and search ReproFinance. You will see a report stating that Revendor Management Inc of which ReproFinance belongs to, is in violation of the Law of Belize.
Quoting from the website, "REVENDOR MANAGEMENT INC., an international business company registered in Belize, using its trade name Reprofinance.com, is offering investment advisory and dealing services in respect of trading in securities and foreign exchange instruments without a licence from the IFSC. This is an offence under the Law of Belize."
This report was submitted on 2 March 2011, hence it is quite recent. Do anyone know if this is true? I'm concerned because this is shown on a Government Website of Belize.
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