The Island’s financial services watchdog is warning that despite their ongoing investigation, the regulator has limited powers to restore investors’ funds.
he Jersey Financial Services Commission say in a press release: ‘Depending on the outcome of the investigation, the commission may consider using a variety of regulatory powers, only one of which relates to restitution in the respect of the position of investors.
Accordingly, investors who believe that they have a legal claim in relation to the marketing material for the split capital closed-ended funds or investment advice given should consult their own lawyers, particularly in relation to the time within which they must commence any legal proceedings.
