Eastridge Associates (2011-11-01)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998 to warn the public about an unauthorised financial services provider, Eastridge Associates. It does not impose ongoing regulatory requirements on licensed firms but serves as an investor warning notice.

• Unauthorised status: Eastridge Associates has never been registered or applied for registration under the Financial Services Law and is not authorised to conduct financial services business in Jersey.
• Conduct identified: The Commission became aware Eastridge Associates was offering investment advice to Jersey residents via unsolicited telephone calls.
• Breach alleged: Any financial services business carried out by Eastridge Associates since 1 July 1999 is said to be in breach of Article 7 of the Financial Services Law.
• Fraud warning signs: Documentation held by the Commission suggests Eastridge Associates displays warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Eastridge Associates is asked to contact the Commission, and readers are reminded that all regulated businesses are listed on the Commission's website.

Applies to

unauthorised financial services providers, members of the public who have dealt with Eastridge Associates