Moreno, Rey and Partners (the Scam Entity) (2019-02-22)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public about Moreno, Rey and Partners (operating via morenorey.com), described as an unauthorised entity showing signs of being set up for fraudulent purposes. It is a warning notice, not a rule change, and imposes no ongoing regulatory obligations on licensed firms.

• Status: The entity has never registered or applied to register under the Financial Services (Jersey) Law 1998, as amended.
• Basis: Issued by the JFSC under Article 25(d) of the FS(J)L to warn investors and others against dealing with unauthorised financial service providers.
• Finding: Any financial services business carried out by the entity, as defined in Article 2 of the FS(J)L, breaches Article 7 of the FS(J)L; the entity and website display warning signs of fraudulent purpose.
• Action requested: Anyone who has had dealings with the entity is asked to contact the JFSC.

Readers are reminded that all genuinely regulated businesses in Jersey are listed on the JFSC website, allowing verification of an entity's registration status before dealing with it.