Office of the International Financial Services Commission,
Sir Edney Cain Building,
Belmopan,
Belize, C.A.
9 August 2012
WARNING NOTICE AND CEASE AND DESIST ORDER
It has come to the notice of the International Financial Services Commission of Belize (IFSC) that AVALON CONSULTANTS LIMITED (“Avalon”), an international business company incorporated in Belize with its registered office at 60 Market Square, Belize City, is offering to sell shares and other securities to U.K. residents by ‘cold calling’ and other means.
AVALON is not licensed by the International Financial Services Commission of Belize (IFSC) to carry on such activities which are regulated activities under the laws of Belize.
AVALON is therefore directed to forthwith cease and desist from carrying on the said activities until it has applied for and obtained an appropriate licence from the IFSC, as well as a licence from the U.K. Financial Services Authority.
All persons concerned are asked to take note and exercise extreme caution.
GIAN C. GANDHI
DIRECTOR GENERAL
International Financial Services Commission of Belize