Equity Research Partners (2011-08-04)

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 investors about Equity Research Partners, an entity that has never been registered or authorised to conduct financial services business in Jersey.

• Unauthorised activity: Equity Research Partners has offered investment advice to Jersey residents via unsolicited telephone calls without ever registering or applying for registration under the Financial Services Law, which the Commission states breaches Article 7 of that Law.
• Fraud warning signs: Documentation held by the Commission suggests Equity Research Partners displays warning signs of being set up for a fraudulent purpose.
• Public register reminder: The Commission notes that all regulated businesses in Jersey are listed on its website, implying Equity Research Partners is not among them.
• Request for information: Anyone who has had dealings with Equity Research Partners is asked to contact the Commission.

The statement is purely a warning notice aimed at protecting investors and does not impose ongoing regulatory obligations on licensed or regulated entities.