Carlton Hedges and Associates (2007-04-13)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning the public that Carlton Hedges and Associates (CH&A), operating via www.carltonhedgesandassociates.com, is not authorised to conduct financial services business in Jersey. It was issued under Article 25(2) of the Financial Services (Jersey) Law 1998, as amended, after CH&A allegedly made unsolicited investment-brokering calls to at least one Jersey resident.

• Unauthorised status: CH&A has never been registered, nor applied for registration, under the Financial Services (Jersey) Law 1998.
• Alleged breach: Any financial service business carried out by CH&A since 1 July 1999 is stated to be in breach of Article 7 of the Law.
• Public advisory: The Commission reminds the public that all regulated businesses are listed on its website and urges anyone who has had dealings with CH&A to contact the Commission.

This is a warning notice rather than a rule or licensing change; it imposes no continuing regulatory obligations on licensed entities, but it flags a specific unauthorised operator for investor protection purposes.

Key obligations

• Any person who has had dealings with Carlton Hedges and Associates is requested to contact the Commission.