Investment Company - Cyprus Eastern Forum Chat

glass101

HI ALL, has any one had any dealings with an investment company called Pembridge international if so are they OK,

Thanks David

gazzaga

Pembridge international is an Insurance Company not an Investment Company. The legal disclaimer on their website states this:

Pembridge International Insurance Advisors Ltd (‘Pembridge International’) is a company incorporated in Cyprus under company number HE304174, whose registered office address is 30 Karpenisi Street, PO Box 20533, Nicosia 1660, Cyprus. Regulated by Insurance Companies Control Service (ICCS) under license number E. A/B 8667 and certificate number FOS 188.

If you are looking for investment advice you should refer to the Cyprus Securities and Exchange Commission website and find the 'regulated entities' tab then the 'investment firms' drop down menu. The list includes locally registered firms and companies passported into Cyprus. If you are looking for someone to manage your investments, the company you choose will need to have licenses to perform Reception and Transmission PLUS Investment Advice or Portfolio Management ,(or both). You can check this by clicking on each company and the licenses are shown there.

The level of protection offered under Cyprus law is much greater for an Investment Firm than an insurance company but, a grey area of Cyprus law (imagine that!!!) allows insurance advisers to provide 'financial advice' within a usually costly insurance 'wrapper' and hold none of the professional qualifications held by a proper investment adviser.

Buyer beware!!!