ATP Financial (2011-10-21)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning the public about ATP Financial ('ATP'), an entity that is not authorised or registered under the Financial Services (Jersey) Law 1998. The Commission states that ATP has been contacting Jersey residents via unsolicited telephone calls to offer investment advice, despite never having registered or applied for registration under the Law.

• Unauthorised activity: ATP has never registered under the Financial Services Law and any financial services business it has carried out since 1 July 1999 is in breach of Article 7 of the Law.
• Method of solicitation: ATP is reported to be offering investment advice to Jersey residents through unsolicited telephone calls.
• Public register: The Commission notes that all regulated businesses in Jersey are listed on its website, implying ATP is not among them.
• Call to action: Anyone who has had dealings with ATP is asked to contact the Commission.