Jacobs & Burns - 20 December 2006
Public Statement - Jacobs & Burns
This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.
Financial Services (Jersey) Law 1998, as amended
The Jersey Financial Services Commission (the “Commission”) has issued this public statement under Article 25(2) of the Financial Services (Jersey) Law 1998, as amended (“the Law”).
The purpose of this statement is to advise the public that Jacobs & Burns has not received authorisation in Jersey to conduct financial services business as defined within the meaning
The Commission has recently been made aware that Jacobs & Burns is offering investment advice to local residents through unsolicited telephone calls (“cold calling”).
The Commission wishes it to be known that Jacobs & Burns has never been registered, nor applied for registration, under the Law. Therefore any financial service business, as defined in Article 2 of the Law and carried out since 1 July 1999, is in breach of Article 7 of the Law.
Any person who has had dealings with Jacobs & Burns is requested to contact the Commission.
20 December 2006