CashFX Group has received a securities fraud warning from the Jersey Financial Services Commission (JFSC).
Just so we’re clear, that’s Jersey the UK dependency not New Jersey in the US.
As per the JFSC’s February 8th warning, the regulator is
warning Islanders to be extra vigilant after reports that a business called CashFX may be targeting residents.
The JFSC is concerned that CashFX may be offering financial services and products in the Island without holding a licence to do so.
This is the equivalent of a securities fraud warning in other jurisidictions.
Jersey is an island self-governing dependency of the United Kingdom, situated between the UK and France.
The UK’s FCA was the first regulator to issue a CashFX Group securities fraud notice.
Despite the FCA’s warning, Alexa still ranks the UK as the top source of traffic to CashFX Group’s website (32%).
Whether that includes traffic from Jersey is unclear.
The JFSC requests anyone in Jersey approached to invest in CashFX Group reach out to them.