RE: Simon Brickles27 Dec 2018 15:35
Investors (Prevention of Fraud) (Jersey) Law 1967
Page - 6 Revised Edition – 31 August 2004
13.450
statement, promise or forecast which is misleading, false or deceptive, induces
or attempts to induce another person –
(a)
(i) to lend to the person or to any other person money on terms
involving payment of interest or repayment at a premium, or
(ii) to enter into or offer to enter into any agreement for that purpose;
(b) to enter into or offer to enter into –
(i) any agreement for, or with a view to, acquiring, disposing of,
subscribing or underwriting securities, or
(ii) any agreement the purpose or pretended purpose of which is to
secure a profit to any of the parties from the yield of securities or
by reference to fluctuations in the value of securities;
(c) to take part or offer to take part in any arrangements with respect to
property other than securities, being arrangements the purpose or effect,
or pretended purpose or effect, of which is to enable persons taking part
in the arrangements (whether by becoming owners of the property or any
part of the property or otherwise) to participate in or receive profits or
income alleged to arise or to be likely to arise from the acquisition,
holding, management or disposal of such property, or sums to be paid or
alleged to be likely to be paid out of such profits or income; or
(d) to enter into or offer to enter into an agreement the purpose or pretended
purpose of which is to secure a profit to any of the parties by reference to
fluctuations in the value of any property other than securities,
shall be liable to a fine or to imprisonment for a term not exceeding 7 years or
to both such fine and such imprisonment:
Provided that the provisions of sub-paragraph (a) of this Article shall not apply
to any inducement or attempted inducement made to any person whose ordinary
business includes the business of banking, or who carries on a business of such
other class or description as may be prescribed.
3 Citation
This Law may be cited as the Investors (Prevention of Fraud)
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