FHM & Associates

Public Statement

FHM & Associates

http://www.fhmassociates.com (the "Website")

Financial Services (Jersey) Law 1998, as amended (the "Financial Services Law")

The Jersey Financial Services Commission (the "Commission") issues this public statement under Article 25(d) of the Financial Services Law.

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers. FHM & Associates has not received authorisation to conduct financial services business within the meaning of the Financial Services Law.

The Commission has recently been made aware that FHM & Associates is offering investment advice to Jersey residents through unsolicited telephone calls.

The Commission wishes the following to be known:

1. FHM & Associates has never been registered, nor applied for registration, under the Financial Services Law. Therefore any financial services business, as defined in Article 2 of the Financial Services Law and carried out by FHM & Associates since 1 July 1999, is in breach of Article 7 of the Financial Services Law; and

2. From documentation held by the Commission, it appears FHM & Associates and the Website display warning signs of being set up for a fraudulent purpose.

All regulated businesses in Jersey are listed on our website.

Any person who has had dealings with FHM & Associates is requested to contact the Commission.

Jersey Financial Services Commission

14 – 18 Castle Street

St. Helier

Jersey

JE4 8TP

Contact: Barry Faudemer – b.faudemer@jerseyfsc.org

22 August 2011