Jersey Financial Services Commission Logo

2004

Avalon Partners, Inc - 11 May 2004

Public Statement - Avalon Partners, Inc

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.

Avalon Partners, Inc
www.avalon-partners.com
www.avalonp.com

The purpose of this statement is to advise the public that Avalon Partners, Inc ("Avalon") has not received authorisation to conduct financial services business in the Island of Jersey as defined within the meaning of the Law stated below.

The Commission has recently been made aware that Avalon, an investment firm located in New York, US, has offered investment-brokering services to residents of the Island of Jersey by canvassing potential investors with unsolicited telephone calls ("cold calling").

The Jersey Financial Services Commission ("the Commission") has issued this public statement under Article 22 of the Financial Services (Jersey) Law 1998, as amended ("the Financial Services Law").

The Commission wishes it to be known that:

1. Avalon has never been registered, nor applied for registration, under the Financial Services Law. Therefore any financial service business, as defined in Article 2 of the Financial Services Law and carried out since 1 July 1999, is in breach of Article 6 of the Financial Services Law.

2. All regulated businesses are listed on the Commission's web site at www.jerseyfsc.org.

Any person who has had dealings with Avalon is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission.


Nelson House,
David Place,
St. Helier,
Jersey,
JE4 8TP.

11 May 2004
and re-issued on 18 August 2004

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