Venturetricity UK Solar Investment
- Thread starter bodoody
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Brendan Burgess
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These guys had an advert in yesterday's Sunday Independent.
I don't know if they are covered by the Central Bank's rules, but these rules are a good guide to go by anyway.
You should avoid this investment
1) They do not mention who the company is where you are making your investment - no website - no physical address - no nothing - just a phone number
2) I suspect that it is an unregulated investment - so if anything goes wrong, you won't be protected by the Ombudsman. You may be able to appeal to a UK court, but I don't know.
3) What does "backed by the UK Government" mean? Are they guaranteeing your investment? I doubt it. Are they guaranteeing the return? I very much doubt it.
4) if someone is offering 10% return - it is too good to be true, especially if you don't know whom you are investing with and where they are.
I have referred the ad to the Central Bank for investigation.
I don't know if they are covered by the Central Bank's rules, but these rules are a good guide to go by anyway.
You should avoid this investment
1) They do not mention who the company is where you are making your investment - no website - no physical address - no nothing - just a phone number
2) I suspect that it is an unregulated investment - so if anything goes wrong, you won't be protected by the Ombudsman. You may be able to appeal to a UK court, but I don't know.
3) What does "backed by the UK Government" mean? Are they guaranteeing your investment? I doubt it. Are they guaranteeing the return? I very much doubt it.
4) if someone is offering 10% return - it is too good to be true, especially if you don't know whom you are investing with and where they are.
I have referred the ad to the Central Bank for investigation.
Brendan Burgess
Founder
- Messages
- 53,744
For a firm to require authorisation by the Central Bank, it must be providing "investment services" in relation to one or more "financial instruments"
It's not clear if this company is selling a financial instrument.
If it is, then it requires authorisation, which it does not have, or does not have under the name venturetricity.
If it is not selling a financial instrument, it's totally unregulated, so if it goes wrong, you have no protection.
Brendan
It's not clear if this company is selling a financial instrument.
If it is, then it requires authorisation, which it does not have, or does not have under the name venturetricity.
If it is not selling a financial instrument, it's totally unregulated, so if it goes wrong, you have no protection.
Brendan
It is certainly not backed by the UK Government. Haven't looked in detail at it but from first glance it would appear high risk. Also the investment mechanism through a SPV is complicated. Like Brendan, curious as to whether they are authorised to offer this without Central Bank approval.
http://www.venturetricity.co.uk/
http://www.venturetricity.co.uk/
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