Spindler & Partner LLP (2016-06-07)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998, warning investors and the public about Spindler & Partner LLP, an unauthorised entity operating a website purporting to offer financial services business in Jersey.

• No authorisation: Spindler has never been registered under, or applied for registration under, the Financial Services Law.
• Alleged breach: Any financial services business carried on by Spindler since 1 July 1999 is said to be in breach of Article 7 of the Financial Services Law.
• Impersonation warning: Spindler appears to be using website content copied from Hawksford Trust Company Jersey Limited, a genuine authorised provider, but has no connection to Hawksford.
• Fraud warning signs: The Commission states that documentation held by it suggests Spindler and its website display warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with Spindler is asked to contact the Commission's Enforcement Division.

The statement is informational and protective in nature, aimed at the public and potential investors rather than imposing compliance duties on regulated firms, though regulated entities may wish to note the warning and check the Commission's register of authorised businesses.

Applies to

unauthorised financial services providers, members of the public and investors dealing with Spindler & Partner LLP