Blake Morgan Financials (2011-09-26)

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 about Blake Morgan (trading via blake-morgan.com), an entity that is not authorised to conduct financial services business in Jersey.

• Unauthorised activity: Blake Morgan has never been registered under the Financial Services Law and has been offering investment advice to Jersey residents via unsolicited telephone calls.
• Legal breach: Any financial services business conducted by Blake Morgan since 1 July 1999 is stated to be in breach of Article 7 of the Financial Services Law.
• Fraud warning: The Commission states that documentation it holds suggests Blake Morgan and its website display warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Blake Morgan is asked to contact the Commission.

This is an informational public statement rather than a rule change; it does not impose ongoing compliance obligations on regulated firms but serves as an investor protection warning.

Key obligations

• Any person who has had dealings with Blake Morgan is requested to contact the Commission.

Applies to

investors, members of the public, unauthorised financial services providers