THE Financial Services Commission (FSC) has issued a public notice warning that Delta Capital Partners Limited (DCP) and Delta Capital Holdings Limited (DCH) are not licensed to conduct securities business in Jamaica nearly a year after DCP was charged with breaches of the Securities Act and financial laws.

The financial watchdog published the notice on Wednesday, bringing renewed attention to the regulatory issues surrounding the companies.

Delta Capital Partners is a private company with offices at 4 Hopefield Avenue and was co-founded by Zachary Harding who served as its executive chairman. Delta Capital Holdings, a St Lucian International Business Company (IBC), was used as the vehicle to invest in different ventures.

“The FSC hereby advises the public that Delta Capital Partners Limited and Delta Capital Holdings Limited (together, “the Delta Companies”) are not licensed by the FSC to conduct securities business in Jamaica as securities dealers or investment advisors, or in any capacity,” the notice said.

“Individuals or entities who contravene the Securities Act by conducting securities business and/or by carrying on investment advice business without being licensed by the FSC to do so commit an offence which is punishable by a term of imprisonment and/or a fine,” it added.

The notice identified several activities that DCP and DCH and all other unlicensed entities or individuals are prohibited from conducting with clients or investors. These include issuing written promises to repay specified sums of money in exchange for money provided by an investor, inducing a person to make or offer an agreement concerning securities, or making agreements with respect to managing investments in securities.

When contacted by the Jamaica Observer for a response to the FSC’s public notice, Harding declined to comment, saying the “matters/issues are before the court and hence are sub judice”.

Delta Capital Partners, Harding, and Hugh Croskery were charged in December 2025 for breaches of the Securities Act and Bank of Jamaica Act. Croskery surrendered his equity interest in Delta Capital Partners in September 2022.

In August, the British Virgin Islands (BVI) Premier Dr Natalio Wheatley ordered an investigation over the investment of US$2.5 million with Delta Capital Partners in 2025.

Meanwhile, retired businessman George Chai recently secured a US$220,225 judgement against Delta Capital Partners, but it remains unsatisfied.

At the end of 2023, Delta Capital had US$4.28 million in assets and US$15.4 million in total liabilities, including US$14 million in promissory notes.

Former clients of Stocks & Securities Limited (SSL) have previously shared statements showing promissory notes issued in the name of Delta Capital Holdings. It was also reported that several clients lost funds tied to promissory notes involving SSL and Delta Capital.

“Members of the public risk, among other things, significant financial loss should they choose to do business with an unlicensed entity or person engaging in these activities,” the FSC cautioned in its statement.

Harding has publicly maintained that his hands were clean during his time as SSL’s CEO. Delta Capital Partners also denied any wrongdoing in October 2024 following the publication of Caydion Campbell’s SSL trustee report.

“Delta has invested in several equity and loan deals in the region, most of which have not turned out favourably,” the SSL trustee detailed.

The relationship between Delta and SSL also came under scrutiny in Kroll Associates’ forensic investigation into SSL.