In a press statement they allege that the Island’s financial services regulator is ‘toothless, inexperienced and totally incompetent’.
In the Royal Court last week the counsel for the Jersey Financial Services Commission confirmed that the case against Alistair Pollock Pederson Black and the A P Black companies in Jersey and London had been discontinued ‘in the public interest’.
Advocate Marcus Pallot said that the case could take many months more and the commission now believed there would not be any material benefit for investors at the end of it.
