JFSC Public Statement: www.smithandwilliamsonline.com (2019-07-23)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998. It alerts the public that a website (www.smithandwilliamsonline.com) and associated email addresses falsely purport to represent Smith & Williamson International Limited, a genuine Jersey-regulated firm.

• No connection: The scam website and email addresses are not connected in any way to Smith & Williamson International Limited or the wider Smith & Williamson group.
• Unauthorised business: The entity behind the scam has never registered or applied for registration under the FS(J)L, meaning any financial services business it conducts breaches Article 9 of the FS(J)L.
• Fraud indicators: JFSC documentation suggests the website and email addresses display warning signs of being set up for a fraudulent purpose.
• Public action requested: Anyone who has had dealings with the scam entity is asked to contact the JFSC, and enquiries can be directed to the Director of Enforcement.

This is an informational public warning rather than a rule change; it does not impose new compliance requirements on regulated entities but serves to protect investors and preserve the reputation of the legitimate Smith & Williamson business.

Key obligations

• Any person who has had dealings with the scam smithandwilliamsonline entity is requested to contact the JFSC

Applies to

unauthorised financial service providers, members of the public, investors