Naruse, Terada & Associates (2016-09-14)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning investors and the public about Naruse, Terada & Associates ('Naruse'), an entity operating the website www.naruseterada.com. It is a warning notice, not a rule or requirement imposed on regulated firms.

• Unauthorised activity: Naruse has never been registered under the FS(J)L and has been offering investment advice to Jersey residents via unsolicited telephone calls without authorisation.
• Breach alleged: Any financial service business carried out by Naruse since 1 July 1999 is said to be in breach of Article 7 of the FS(J)L.
• Fraud warning signs: The Commission states that documentation it holds suggests Naruse and its website display warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Naruse is asked to contact the Commission's Enforcement Division.

The statement serves an informational and investor-protection purpose rather than creating compliance duties for regulated businesses; it does not amend any rules or set filing requirements.