Gregory & Krest Investment (2005-05-10)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning investors and the public that Gregory & Krest Investment, and a number of related trading names, are not authorised to conduct investment business or deposit-taking business in Jersey. It was issued under Article 22 of the Financial Services (Jersey) Law 1998 and Article 45B of the Banking Business (Jersey) Law 1991.

• Trading names covered: Gregory & Krest Investment Service Online Banking, Services Offshore, Foreign Finance, Bank, Trust Corporation, Investment and Securities, and Treasury Management Services, and the website www.gkrestonline.com
• Financial services business: Gregory & Krest Investment has never registered or applied for registration under the Financial Services Law; any financial service business it has carried out since 1 July 1999 breaches Article 6 of that Law
• Deposit taking business: Gregory & Krest Investment has never registered or applied for registration under the Banking Business Law; any deposit-taking business it has carried out since 1 October 1991 breaches Article 7 of that Law
• Public request: Anyone who has had dealings with Gregory & Krest Investment is asked to contact the Commission

The statement is purely a warning notice identifying an unauthorised provider; it does not create ongoing compliance obligations for licensed entities, but licensees and the public should treat any dealings with this entity as unauthorised activity.

Applies to

unauthorised financial services providers, investors and members of the public