Macellum Capital Management (2011-12-07)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning investors and the public about an unauthorised entity trading as Macellum Capital Management, which has been cold-calling Jersey residents to offer investment advice. It is a warning notice, not a rule or licensing requirement, issued under Article 25(d) of the Financial Services (Jersey) Law 1998.

• Unauthorised activity: Macellum has never been registered or applied for registration under the Financial Services Law, so any financial services business it has conducted since 1 July 1999 breaches Article 7 of the Law.
• Name misuse: The entity appears to be misusing the name and New York address of a genuine, unrelated company, Macellum Capital Management LLC, which has no connection to the unauthorised entity.
• Public guidance: The Commission advises the public to check its website for the list of regulated businesses in Jersey and asks anyone who has dealt with Macellum to contact the Commission.

Key obligations

• Anyone who has had dealings with Macellum should contact the Jersey Financial Services Commission.

Applies to

investors, unauthorised financial services providers