DirectProperty Inc (2014-10-24)

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 against dealing with DirectProperty Inc, an entity operating the website www.directpropertyinc.com. The Commission states that DirectProperty Inc has never been registered or authorised to conduct financial services business in Jersey.

• Unauthorised activity: DirectProperty Inc falsely purports to trade from an address in St Helier, Jersey, and appears to be carrying on or holding out that it carries on financial service business without authorisation.
• Breach of law: Any financial services business carried out by DirectProperty Inc since 21 January 2005 is stated to be in breach of Article 7 of the Financial Services Law.
• Fraud warning sign: Documentation held by the Commission suggests DirectProperty Inc displays warning signs of being set up for a fraudulent purpose.
• Public action requested: Any person who has had dealings with DirectProperty Inc is asked to contact the Commission.

The statement is purely a public warning notice; it does not impose ongoing compliance obligations on regulated entities but confirms that all genuinely regulated businesses in Jersey are listed on the Commission's website.