Reality Millions (2005-06-28)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning investors and potential investors that 'Reality Millions' and a number of associated names are not licensed, registered or regulated in Jersey. It is an investor alert, not a rule or requirement imposed on regulated firms.

• Entities named: Reality Millions, RM Private Trust, Midas Private Fund, ITBG Securities Underwriters Corporation, International Business and International Trust Company, and International Business and Investment Trust Company (collectively referred to as Reality Millions)
• Key finding: None of these names are registered as companies in Jersey and none are licensed, registered or regulated to conduct financial services business or collective investment fund business in or from Jersey
• Public guidance: The Commission directs the public to its website listing of all regulated businesses in Jersey to verify legitimate firms

The statement is purely informational and does not create any ongoing compliance obligations for Jersey-regulated entities; it is intended to protect investors from a website falsely claiming Jersey registration or regulation.