Bahamas regulators place restrictions on Fortis mutual fund license

By David Marchant

24 years ago

Topics

Bahamas Investment

Keywords

Intertrust Oracle Fund Ltd.

The Bahamas Securities Commission has placed conditions on the mutual fund license of Fortis Fund Services (Bahamas) Limited over apparent negligence in its administration of a failed investment fund.The action, which was announced in a Public Notice dated January 23, 2001, forms part of an investigation into Bahamas-registered Oracle Fund Ltd., which invested in US tax liens.

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