Hugo De Rick
Hugo De Rick (the Scam Entity)
hdreurope.com (the Website)
Financial Services (Jersey) Law 1998, as amended (FS(J)L)
The Jersey Financial Services Commission (JFSC) issues this public statement pursuant to Article 25(d) of the FS(J)L.
This statement is made in order to warn investors and others against dealing with unauthorised financial service providers.
It appears to the JFSC the Scam Entity is falsely purporting to carry on, or is holding out as carrying on, financial service business in Jersey when it is not authorised to do so pursuant to the provisions of the FS(J)L.
The JFSC wishes the following to be known:
- The Scam Entity is not connected in any way to Mr Hugo De Rick who is authorised in Belgium by the Financial Services and Markets Authority as an insurance intermediary .
- The Scam Entity has never been registered, nor applied for registration, under the FS(J)L. Therefore any financial service business, as defined in Article 2 of the FS(J)L and carried out by the Scam Entity since 1 July 1999, is in breach of Article 7 of the FS(J)L.
- From documentation held by the JFSC, it appears the Scam Entity 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 received financial services from the Scam Entity is requested to contact the JFSC.
For further enquiries, please contact Acting Director of Enforcement, Kerry Petulla.