Hayes Associates

Public Statement

Hayes Associates

http://hayesassociates.org (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. Hayes Associates has not received authorisation to conduct financial services business within the meaning of the Financial Services Law.

It appears to the Commission that Hayes Associates, as described on the Website, is falsely purporting to trade from an address of 13 Commercial Street, St. Helier, Jersey, JE2 3QA and is carrying on or holding out that it is carrying on financial service business in Jersey when it is not authorised to do so pursuant to the provisions of the Financial Services Law.

The Commission wishes the following to be known:

1. Hayes 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 Hayes 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 would appear that Hayes Associates as described on the Website displays 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 Hayes 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 April 2013