Fortune Capital Ventures (2015-08-14)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, alerting investors that Fortune Capital Ventures (FCV), operating via www.fortunecv.com, is not authorised to conduct financial services business in Jersey.

• Unauthorised activity: FCV has never been registered under the Financial Services Law and has been offering investment advice to Jersey residents via unsolicited telephone calls, which the Commission states breaches Article 7 of the Law.
• Fraud warning: The Commission indicates that documentation held about FCV and its website shows warning signs consistent with a fraudulent setup.
• Public guidance: The Commission notes that all genuinely regulated businesses in Jersey are listed on its website, implying FCV is not among them.
• Call for information: Anyone who has had dealings with FCV is asked to contact the Commission (via named contact Barry Faudemer).

This notice is informational and protective in nature rather than imposing regulatory duties on licensed entities; it does not create ongoing compliance obligations for regulated firms, but serves as a public alert about an unauthorised and potentially fraudulent operator.