Allen-Hall Incorporated (2009-07-24)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998, warning investors and the public not to deal with Allen-Hall Incorporated (also known as Allen-Hall Inc.), an entity operating the website www.allen-hall.com.

• Unauthorised activity: Allen-Hall has been cold-calling Jersey residents offering investment advice despite never being registered or having applied for registration under the Financial Services Law, in breach of Article 7 of the Law since at least 1 July 1999.
• Fraud warning signs: The Commission states that documentation it holds suggests Allen-Hall and its website display warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with Allen-Hall is asked to contact the Commission, and the public is reminded that all regulated businesses in Jersey are listed on the Commission's website.

This is an investor-protection notice rather than a rule change; it does not impose ongoing compliance obligations on licensed or regulated entities.