Global Execution Ltd (the impersonating entity) (2021-08-12)

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 about an entity calling itself Global Execution Ltd that is impersonating a legitimate, unrelated Jersey company of a similar name.

• No authorisation: The impersonating entity, its website (www.globalexecutionltd.com) and associated email addresses have never been authorised or registered to conduct investment business in Jersey under the FS(J)L.
• No connection to legitimate firm: The impersonating entity has no link to the genuine Jersey registered company Global Execution Limited (RC 117454) or to BlueCrest Capital Management, despite falsely claiming shared addresses.
• Breach of law: Any investment business carried out by the impersonating entity is in breach of Article 7 of the FS(J)L.
• Fraud warning: The JFSC states the entity, website and emails display warning signs of being set up for fraudulent purposes.

The statement asks anyone who has dealt with the impersonating entity to contact the JFSC's Enforcement team and reminds the public that all genuinely regulated businesses in Jersey are listed on the JFSC website. It imposes no ongoing compliance obligations on regulated firms but serves as an investor protection alert.

Applies to

members of the public, investors