Fraudulent Business - Dundee Wealth Management AG (JFSC warn of an impersonating entity) [29 July 2022]
30/07/2022
The JFSC has warned the public against dealing with unauthorised financial service providers.
The JFSC says Dundee Wealth Management AG is an impersonating entity and is not authorised to conduct financial service business within the FS(J)L meaning.
The impersonating entity,
- Via the email address and website, is falsely purporting to provide investment business services whilst claiming to be regulated by the JFSC.
- Falsely utilising the incorporation number of a former Jersey-registered company, Dundee Management Ltd (RCD117141).
The JFSC confirms the following:
- The impersonating entity, the website and email address are not connected to the former Jersey-registered company, Dundee Management Ltd, whose registered office address was 17 Bond Street, St Helier, Jersey JE2 3NP.
- The impersonating entity HAS NEVER been registered nor applied for registration under the FS(J)L. Therefore any financial service business, as defined in Article 2 of the FS(J)L and carried out by the impersonating entity, is in breach of Article 7 of the FS(J)L.
- From documentation held by the JFSC, they are all warning signs of being set up for fraudulent purposes.
- The impersonating entity,
- The email address and
- The website display
Source
https://www.jerseyfsc.org/news-and-events/dundee-wealth-management-ag-the-impersonating-entity/
KEY FACTS ASSCOITED TO THE ABOVE
- Financial Services (Jersey) Law 1998 (FS(J)L)
- The JFSC issues this public statement under Article 25(d) of the FS(J)L.
- Dundee Wealth Management AG (the impersonating entity)Dundee Wealth Management AG (the impersonating entity)
- Dundee Wealth Management AG (the impersonating entity)
- investorservices@dundeewealthmgmt.co (the email address)
- dundeewealthmgmt.co (the website)
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.