Apex International Consulting Group (2013-07-24)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public about Apex International Consulting Group (AICG), an entity offering investment advice to Jersey residents via unsolicited telephone calls despite never being registered or authorised under the Financial Services (Jersey) Law 1998.

• Unauthorised activity: AICG has never applied for or received registration under the Financial Services Law, and any financial service business it has conducted since 1 July 1999 breaches Article 7 of that Law.
• No connection to Apex Trust Company: AICG and its website are explicitly stated to have no connection to the JFSC authorised Apex Trust Company Limited or the wider Apex group.
• Fraud warning signs: Documentation held by the Commission suggests AICG and its website display warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with AICG is asked to contact the Commission.

The statement is informational in nature, intended to protect investors and the public rather than to impose ongoing regulatory obligations on licensed entities.