Hayes Capital (2013-09-25)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning the public that Hayes Capital is not authorised to conduct financial service business in Jersey, despite purporting to trade from an address in St Helier. It is a warning notice, not a rule or licensing requirement, aimed at protecting investors and third parties from dealing with an unauthorised entity.

• No authorisation: Hayes Capital has never been registered or applied for registration under the Financial Services (Jersey) Law 1998, as amended.
• Breach alleged: Any financial service business carried out by Hayes Capital since 1 July 1999 is said to be in breach of Article 7 of the Financial Services Law.
• Fraud warning: The Commission states documentation held by it suggests Hayes Capital displays warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Hayes Capital is asked to contact the Commission.

There are no ongoing compliance obligations imposed on regulated entities by this notice; it is purely informational, alerting the public and industry to avoid or report dealings with this unauthorised entity.