Securities Trading Board (2012-06-28)

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 to warn the public about an unauthorised entity called Securities Trading Board (STB).

• Unauthorised activity: STB has never been registered or applied for registration under the Financial Services Law and is not authorised to conduct financial services business in Jersey.
• Conduct flagged: STB has been offering investment advice to Jersey residents via unsolicited telephone calls.
• Legal breach cited: Any financial services business carried out by STB since 1 July 1999 is said to be in breach of Article 7 of the Financial Services Law.
• Investor guidance: The Commission advises checking its website for the list of all regulated businesses in Jersey and asks anyone who has dealt with STB to contact the Commission.

This is a warning notice aimed at investors and the public rather than a document imposing new regulatory requirements on licensed entities.