ATM Capital (2011-10-17)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning investors and the public about ATM Capital, an unauthorised entity offering investment advice to Jersey residents via unsolicited telephone calls. It confirms ATM Capital has never been registered under the Financial Services (Jersey) Law 1998 and is not permitted to conduct financial services business in Jersey.

• Warning issued: The Commission issued this statement under Article 25(d) of the Financial Services Law to warn against dealing with ATM Capital.
• Unauthorised status: ATM Capital has never been registered, nor applied for registration, under the Financial Services Law.
• Breach alleged: Any financial services business carried out by ATM Capital since 1 July 1999 is stated to be in breach of Article 7 of the Financial Services Law.
• Public request: Anyone who has had dealings with ATM Capital is asked to contact the Commission.

The statement is informational and warning in nature; it does not impose ongoing regulatory obligations on licensed entities but alerts the public and industry to an unauthorised operator.

Applies to

unauthorised financial services providers, members of the public, persons who have had dealings with ATM Capital