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Genius Funds

Date added:March 04, 2010

6 Karaiskakis Street
3032 Limassol, Cyprus

Telephone: 44-200-222-7598 or 86-213-100-3020 (link no longer operational) New window

Supporting Documents:BCSC: Temporary Order and Notice of Hearing - February 12, 2010 New window 
BCSC: News Release - February 12, 2010
BCSC: Extension of Temporary Order and Adjournment - February 23, 2010 New window
BCSC: News Release - April 9, 2010 
BCSC: Order - April 7, 2010 New window
New Brunswick Securities Commission Investor Alert - February 12, 2010 New window
Background:In 2009 and 2010, residents of British Columbia purchased the securities of Cyprus-based Genius Funds.  Genius Funds offered investments in two funds: the Emerging Market Growth Fund and the World Bond Market Fund. It also offered investments in a High Yield Deposit Account.

Genius Funds is not registered to sell its securities in British Columbia and has not filed a prospectus with the British Columbia Securities Commission (the BCSC) qualifying its investment offerings for sale.

On February 12, 2010, the BCSC issued a Temporary Order and Notice of Hearing against Genius Funds. On February 23, 2010, the BCSC extended the temporary order and adjourned the hearing to April 7, 2010.  On April 7, 2010 a BCSC panel permanently banned Genius Funds from selling securities and engaging in investor relations activities.

On February 17, 2010, the New Brunswick Securities Commission issued an Investor Alert about Genius Funds.