The Gibraltar Financial Services Commission (GFSC) is issuing this warning to the public regarding Bonds And Co Wealth Management (Bonds And Co).
Upon receipt of an enquiry, the GFSC reviewed the website maintained by Bonds And Co (the website). The website states that Bonds And Co have experience in auto trading, algorithm HFT (High Frequency Trading) applications, black box investment management and provides online trading platforms for the private investor.
Bonds And Co is not regulated, registered or otherwise authorised by the GFSC, nor is an application pending for authorisation.
Further checks conducted at the register of companies confirm that it is not a Gibraltar company, nor a name registered under the Business Names Registration Act.
In June 2017, the website’s contact page used to indicate that this entity had a contact address in Gibraltar and Cyprus. The website has since been amended to remove the Gibraltar contact address, however, the map provided still reflects a Gibraltar address.
The website’s contact page also mentions IDEA Capital Limited. We have been informed by that company, which is registered in the United Kingdom that it does not have any affiliation with Bonds And Co.
The GFSC therefore urges the public to exercise appropriate caution in respect of Bonds And Co.
People are able to verify whether a firm is licensed by the GFSC in Gibraltar, by checking our Regulated Entities section here.
Any persons who are already involved in any dealings with the above entity and have concerns, should contact our Enforcement team on +350 200 40283 or by selecting Enforcement on our Contact Us page.