Klein International (2006-12-05)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission under Article 25(2) of the Financial Services (Jersey) Law 1998, alerting the public that Klein International (operating via www.kleininternational.net) is not authorised to conduct financial services business in Jersey.

• Unauthorised activity: Klein International has never been registered or applied for registration under the Law, and has been cold calling Jersey residents offering investment advice.
• Breach of law: Any financial service business carried out by Klein International since 1 July 1999 is in breach of Article 7 of the Law.
• Public action requested: Anyone who has had dealings with Klein International is asked to contact the Commission.

The statement is informational and warning in nature, aimed at protecting investors from an unauthorised firm rather than imposing ongoing regulatory requirements on licensed entities.

Key obligations

• Persons who have had dealings with Klein International should contact the Commission.

Applies to

unauthorised financial services providers, investors and members of the public