Hayes Associates (2013-04-22)

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 the public about Hayes Associates, an entity operating via the website hayesassociates.org that falsely claims a Jersey address but has never been authorised or registered to conduct financial services business in Jersey.

• No authorisation: Hayes Associates has never been registered or applied for registration under the Financial Services Law.
• Alleged breach: Any financial services business it has carried out since 1 July 1999 is in breach of Article 7 of the Financial Services Law.
• Fraud warning signs: Documentation held by the Commission suggests Hayes Associates displays warning signs of being set up for a fraudulent purpose.
• False address claim: It falsely purports to trade from 13 Commercial Street, St. Helier, Jersey.

The Commission asks anyone who has had dealings with Hayes Associates to contact it directly. This is an informational warning notice rather than a rule imposing ongoing compliance obligations on regulated entities.

Applies to

unauthorised financial services providers, members of the public and investors