Global World Acquisitions (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, warning the public about Global World Acquisitions, an entity that is not authorised or registered to conduct financial services business in Jersey.

• Unauthorised activity: Global World Acquisitions has never been registered under the Financial Services Law and has been offering investment advice to Jersey residents via unsolicited telephone calls.
• Breach of law: Any financial services business carried out by Global World Acquisitions since 1 July 1999 is in breach of Article 7 of the Financial Services Law.
• Fraud warning signs: Documentation held by the Commission indicates Global World Acquisitions displays warning signs of being set up for a fraudulent purpose.
• Call to action: Anyone who has had dealings with Global World Acquisitions is asked to contact the Commission.

The statement serves purely as an investor protection warning and does not impose ongoing regulatory obligations on licensed or registered entities; it is aimed at alerting the public and potential victims rather than regulating a licensee.

Applies to

unauthorised financial services providers, members of the public and investors dealing with Global World Acquisitions