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.
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:
Any person who has had dealings with Avalon is requested to contact the Commission.
11 May 2004