J.P. Turner & Company, L.L.C. (2003-11-18)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning investors and the public that J.P. Turner & Company, L.L.C., a US-based investment firm, is not authorised to conduct financial services business in Jersey. The Commission states that J.P. Turner has been cold-calling local residents to offer investment-brokering services despite never having registered or applied for registration under the Financial Services (Jersey) Law 1998.

• Unauthorised activity: J.P. Turner has never been registered, nor applied for registration, under the Financial Services (Jersey) Law 1998, so any financial service business it has conducted since 1 July 1999 breaches Article 6 of that Law.
• Public verification: The Commission notes that all regulated businesses are listed on its website, allowing the public to check authorisation status.
• Call for information: Anyone who has had dealings with J.P. Turner is asked to contact the Commission.

This notice is purely informational in nature, intended to protect investors from an unauthorised firm rather than to impose new compliance requirements on regulated entities.