Ackerman & Foster (A&F) (2024-10-25)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) alerting the public that Ackerman & Foster (A&F), operating via www.ackermanfoster.com and contact@ackermanfoster.com, is not registered to conduct financial service business or Schedule 2 business in or from Jersey. The JFSC states A&F has never applied for or held such registration, and that any investment business or Schedule 2 business it carries on breaches the Financial Services (Jersey) Law 1998 and the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.

• Unregistered activity: A&F is carrying on, or holding out as carrying on, services requiring registration under the FS(J)L and the Supervisory Bodies Law without being registered.
• Legal contravention: Any investment business or Schedule 2 business conducted by A&F breaches Article 7(1) of the FS(J)L and Article 10(1) of the Supervisory Bodies Law.
• Fraud warning signs: The JFSC notes that A&F, its website and email address display warning signs of being set up for fraudulent purposes.
• Action requested: Anyone who has had dealings with A&F is asked to contact the JFSC's Enforcement team.

This is an informational enforcement-style notice rather than a rule imposing ongoing compliance obligations on regulated firms; it is intended to protect the public and direct affected individuals to contact the JFSC.

Key obligations

• Anyone who has had dealings with A&F should contact the JFSC's Enforcement team.