AG Group (2013-03-28)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning the public that an entity called AG Group, operating via the website aggroupjersey.com, is not authorised to conduct financial services business in Jersey.

• Unauthorised activity: AG Group has never registered or applied for registration under the Financial Services Law, and any financial services business it has carried out since 1 July 1999 breaches Article 7 of that Law.
• False address: AG Group falsely purports to trade from an address at Floor 3, Liberation Station, Esplanade, St. Helier, Jersey.
• Fraud warning: Documentation held by the Commission suggests AG Group displays warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with AG Group is asked to contact the Commission.

The statement is informational in nature, intended to alert investors and the public rather than to impose ongoing compliance obligations on regulated firms.