28 August 2010

Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by Prentice Management Corp.

Norway, 25/08/2010

Finanstilsynet has been informed that

Prentice Management Corp.
(address: 18th Floor Ark Mori Building,
1-12-32 Akasaka, Minato-ku, Tokyo 107-6011)

has approached Norwegian investors offering investment services.

The company also offers services from a website www.prenticecorp.com.

Finanstilsynet wishes to make it clear that Prentice Management Corp. is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Prentice Management Corp.

Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website.

18 August 2010

Danish Financial Supervisory Authority warns against Smith and Dalton M&A

The Danish Financial Supervisory Authority has been informed that a company named Smith and Dalton M&A unsolicited has contacted Danish citizens. At the company's homepage (http://smithdalton.com/) it is stated that the company has the address: Henan Building, 19 Luard Road, Wanchai, Hong Kong.

According to information given to The Danish Financial Supervisory Authority, the company has offered to carry out financial services.

Smith and Dalton M&A does not have authorization from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.

The company has not been notified in Denmark from any foreign Financial Supervisory Authority.

Companies which are authorized to carry out financial services in Denmark can be found at The Danish Financial Supervisory Authority's homepage (www.dfsa.dk/sw1296.asp).

Contact person: Natascha Ottsen
Direct phone no.: +45 33 55 83 79

Swiss Financial Market Supervisory Authority FINMA: Rulings under Article 34 FINMASA

Under Article 34 of the Swiss Financial Market Supervision Act (Art. 34 FINMAG, SR 956.1), FINMA is permitted to publish its final decrees in electronic and paper form once they have taken legal effect and provide details of individuals in cases of a serious breach of supervisory regulations.

FINMA publishes below excerpts from such legally valid final decrees.

» Aabbadi Abdelmajid
» Bank Leumi (Schweiz) AG
» Basic Trading Solution Ltd., Marshall Islands, Zweigniederlassung Rickenbach
» Bintz Dietmar
» Blashchak Josef, geb. Hader
» Cruciger Andreas
» Datta Birgit
» Four Stars AG, Marshall Islands, Zweigniederlassung Rickenbach
» Gerull Rudolf
» Gut Jakob
» Gut Sven
» Immik Thomas
» Julius Brown AG, Marshall Islands, Zweigniederlassung Rickenbach
» Littig Andreas
» MFIVE Ltd., Marshall Islands, Zweigniederlassung Rickenbach
» Organi Juris GmbH
» ORGANIJURIS HOLDING AG
» ORGANIJURIS HOLDING AG, Marshall Islands, Zweigniederlassung Rickenbach
» Ott Albert
» Petersen Stephan
» Rainbow Real Estate Ltd., Marshall Islands, Zweigniederlassung Rickenbach
» Savic Milan
» Savic Milos
» Schaumberger André Wolfgang
» Schaumberger Michael
» Schaumberger Roland
» Stevens Helion
» Verum Placement Ltd., Marshall Islands, Zweigniederlassung Rickenbach
» Volk Achim
» von Blon Reimund
» Williams Rendal

Finanstilsynet warns against Mitsubishi Group

Norway, 13/08/2010

Finanstilsynet has been informed that Mitsubishi Group (address: Tennozu Central Tower 22F, 2-24, Higashi Shinagawa, 2-chome, Shinagawa-ku, Tokyo 140-0002) has approached Norwegian investors offering investment services. The company also offers services from a website www.mitsubishigroup.com.

Please be advised that this organization is in no way associated with any of the Mitsubishi companies referred in the website www.mitsubishi.com, and has been acting without the knowledge or consent of the Mitsubishi companies.

Finanstilsynet wishes to make it clear that Mitsubishi Group is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Mitsubishi Group.

Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website.

Finanstilsynet warns against Commodore Asset

Norway, 12/08/2010

Finanstilsynet has been informed that Commodore Asset (allegedly domiciled in Ohio, USA) has approached Norwegian investors offering investment services. The company also offers services from a website www.commodoreasset.com.

Finanstilsynet wishes to make it clear that Commodore Asset is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Commodore Asset.

Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website.

Finanstilsynet warns against First Financial Management

Norway, 12/08/2010

Finanstilsynet has been informed that First Financial Management (address: unknown) has approached Norwegian investors offering investment services. The company also offers services from a website www.firstfinancialmgmt.com.

The firm must not be confused with First Financial Management (N.I) Ltd, which is authorised and regulated by the Financial Services Authority (FSA) in the UK.

Finanstilsynet wishes to make it clear that First Financial Management is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to First Financial Management.

Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website.

Finanstilsynet warns against Okuma Group

Norway, 09/08/2010

Finanstilsynet has been informed that Okuma Group (address: Marunouchi Trust Tower Main, 16th Floor 1-4-3 Marunouchi, Chiyoda-ku, Tokyo 100-0045, Japan) has approached Norwegian investors offering investment services. The company also offers services from a website www.okumagroup.com.

Finanstilsynet wishes to make it clear that Okuma Group is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Okuma Group.

Finanstilsynet's registry (http://www.finanstilsynet.no/registry) gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website (http://www.finanstilsynet.no/markedsadvarsler/).

Swiss Financial Market Supervisory Authority (FINMA): Unauthorised institutions (black list)

FINMA instructs appropriate measures against companies or persons who, without having a corresponding authorisation, engage in activities that supervisory legislation describes as requiring authorisation. Potential measures to be taken can range all the way up to the liquidation of the company in question. However, it is possible that FINMA may be unable to carry out its investigations, to issue instructions for the necessary measures or to enforce these measures because, for instance, a company conducts its businesses from abroad or the persons concerned have disappeared.

The list below, published by FINMA, shows companies and persons who seem – due to their activities in or from Switzerland, or based on the description of their purpose according to the entry in the commercial register – to perform activities that fall under FINMA's supervision without possessing the necessary authorisation to do so. Inclusion on the list does not necessary mean that the company is performing an illegal activity; however, investors should be made aware that the companies listed here do not have authorisation from FINMA. The list contains the names of the companies and persons in question, their date of inclusion and any other information that may help to protect investors. Companies and persons will be removed from the list as soon as the necessary investigations have been completed and any changes that may be required have been made.

With entry in the commercial registry / physical presence in Switzerland

» ATLANTIS EXPLORATION AG (10.06.2009)
» Biotech Development (Schweiz) AG (18.09.2009)
» Cash Group AG (21.12.2009)
» Dividium Capital Ltd, Isle of Man (30.04.2009)
» Empresa Minera (Bergbau) AG (04.11.2009)
» FORINVEST (Switzerland) SA in Liquidation (30.03.2010)
» Helvetia Treuhand GmbH (17.02.2009)
» Helvetia Treuhand-Union GmbH (17.02.2009)
» HouseFX AG (12.05.2010) » S.B.E. Financial SA (12.04.2010)
» SBAG – Schweizerische Börsenabwicklungsgesellschaft mbH (17.02.2009)
» Seabed Invest AG (10.06.2009)
» Steinberg Investment Research AG (17.02.2009)
» SWAG – Schweizerische Wertpapierabrechnungsgesellschaft AG (17.02.2009)
» Swiss Credit Trust AG (21.04.2010)
» SwissAudit Aktiengesellschaft (08.02.2010)
» United Trust of Switzerland S.A. (14.04.2009)
» WESTGATE Financial AG (31.03.2009)

No entry in the commercial registry / physical presence in Switzerland

» AA Capital (23.09.2009)
» AJPA Broker SA (05.05.2010)
» Associated Management Group (AMG Zurich) (16.02.2010)
» AVM AG (15.12.2009)
» Barringer and Co. (30.06.2009)
» Basel Institutional (16.07.2009)
» BelSwissBank (03.11.2009)
» Bergues Invest SA (20.10.2009)
» Blanc & Baumar (18.09.2009)
» Brett Commodities GmbH (12.02.2010)
» Bright Capital Banker Ltd (22.12.2009)
» Britannia Swiss Equities, BSE AG (07.09.2009)
» Bullion Trading Group (04.11.2009)
» Calvin & Sanderson Associates (25.11.2009)
» CH Devisen Macht SA (06.01.2010)
» Colebrooke Management Holdings (26.04.2010)
» Commercial Development Bank (21.01.2010)
» Condor Gold and Minerals Inc. (07.12.2009)
» Coninvest Finanz AG (17.04.2009)
» Crédit Mirabaud (03.09.2009)
» Creditnet Bank Internationale (19.02.2009)
» Darier Asset Management (06.04.2009)
» Delmont Wealth Management (07.05.2009)
» Dow Win Financial Group Corporation (24.03.2010)
» Dupont Conseille AG (03.02.2010)
» eBank24 Corporation (21.12.2009)
» Ecumoney Limited (04.11.2009)
» EFD Financial Group (12.05.2010)
» E-Money Power (EMPFX) (11.06.2009)
» Equinox Private Consultants Ltd. (05.02.2010)
» Ethos World Bank (24.03.2009)
» Eurogoldtrader (03.09.2009)
» European Money Management (07.09.2009)
» Fine Trading Group (19.08.2009)
» Finvest Asset Management (31.03.2009)
» First Invest Swiss Trade (05.08.2009)
» Floris Bank (02.06.2009)
» Foreign Exchange Clearing House Ltd. (19.02.2009)
» Forexyard (23.09.2009)
» Forst Finance AG (04.05.2009)
» Freeman International (07.06.2010)
» FXTSwiss (21.09.2009)
» Gemeinnützige Baugenossenschaft Helvetica e.G. (28.06.2010)
» Global Foreign Exchange (Switzerland) AG (17.02.2009)
» Global Pension Plan (03.09.2009)
» Gordon Marks Capital (21.07.2010)
» GrandSlam AM Services AG (14.06.2010)
» GRP Finance Holding Group Limited (16.08.2010)
» GTO Gap Trading Online (29.07.2009)
» Gulf Oil Exploration Inc. (Gulf Oil Exploration (Anguilla) Ltd.) (03.02.2010)
» Hamilton Associates A.G. (12.05.2009)
» HBW-Finanz AG (04.06.2009)
» Hentsch & Müller S.A. (05.11.2009)
» IAZ & Partners (22.12.2009)
» IFS International Financial Services Inc., Las Vegas (25.03.2009)
» Imperia Invest IBC (14.04.2010)
» Inter Credit Group, Kiev (24.02.2009)
» Interbank Asset Management Group AG / InterBank AG (30.04.2009)
» Interbank Investment Funds Corp (22.06.2010)
» Intercontinental Financial Developments Plc. (24.08.2009)
» Investment Suisse / Investment Suisse S.A. (03.03.2010)
» Investor Relations Corp. ('IRC') (15.05.2009)
» ISR Management & Consulting Ltd (19.11.2009)
» Jefferies Associates Group (15.01.2010)
» Kanat finance (22.06.2010)
» KCP Bank (14.10.2009)
» Kirkland Lee (24.03.2009)
» Kutag Capital Partners AG (15.12.2009)
» Kutag Group (02.07.2009)
» Lange Vermögensberatung GmbH (18.03.2010)
» Locstein Asset Management AG (19.04.2010)
» Malmsbury, Harrington and Seaford (04.03.2010)
» Matterhorn International (17.02.2009)
» MCC Mariaux Chèvre & Cie (17.08.2009)
» Mercaforex, Silver Holdings International Ltd. (13.01.2010)
» Mercury Forex Investments Assets Ltd. (03.12.2009)
» MonMach Marine Insurance Company Ltd. (06.04.2009)
» Neuburg Financial AG (19.05.2009)
» Noble Advisory Group (06.07.2009)
» Pacon Capital S.A. (24.08.2009)
» Private Equity Capital Group (06.11.2009)
» Protected International Inc. (14.01.2010)
» Quantum Asset Management (21.01.2010)
» Ranston Ltd. (14.10.2009)
» Ruluso Holding Ltd. (23.07.2009)
» S.B.E. Bank (12.04.2010)
» Saxonia Sparkasse Inc. (06.04.2009)
» SBC Swiss Bank Control (21.07.2010)
» SCT Bank, Ltd. (21.04.2010)
» SFP Private Banking (25.02.2009)
» SFR AG (Swiss Finance Research AG) (26.11.2009)
» Sigma Trading Limited (15.04.2009)
» Skyline Advisory Group (17.02.2009)
» Sophisticated Investor, Inc. (18.09.2009)
» SP Trade Investment Capital Ltd. / SP Trader Fund (10.07.2009)
» Sterling Asset Management AG (04.05.2010)
» Stonehard Consulting d.o.o. (09.11.2009)
» Suisse Life Securities (Suisse) (04.05.2009)
» Swiss Agricole Asset Management (23.12.2009)
» Swiss Bellair Bank (08.04.2010)
» swiss capital assets (16.07.2009)
» Swiss Finance Research AG (18.09.2009)
» Swiss Futures Trading Commission (26.07.2010)
» Swiss Key Equity Consult AG (24.06.2009)
» Swiss Siam Investment Club (12.04.2010)
» Swissridge International Corp. (16.02.2010)
» Switzerland Investment Group (26.11.2009)
» The Crown Group CH (21.04.2010)
» Thomas Moore (21.09.2009)
» Tradewaves Asset Management S.A. (07.06.2010)
» Turner Mayfield Advisory A.G. (31.03.2009)
» Unispar Banque PLC (01.02.2010)
» VanFunds / Vandior Inc. (23.09.2009)
» Ventana Biotech Inc. (18.09.2009)
» Weyhill Establishments (04.01.2010)
» William Smith Partners (10.03.2010)
» Woodbridge Business Corp. (19.05.2009)
» Zinnwald Financiers (23.06.2009)
» Zucomex The Zurich Commodities Exchange (05.11.2009)
» Zurich Capital Gruppe (25.01.2010)
» Zurich Direct (12.05.2010)

Danish Financial Supervisory Authority warns against Morgan Franklin Investment Inc.

The Danish Financial Supervisory Authority has been informed that Morgan Franklin Investment Inc. unsolicited has offered to carry out financial services. The company's address is unknown. The company's homepage is http://www.mgfii.com/english_index.htm.

Morgan Franklin Investment Inc. does not have authorization from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.

The company has not been notified in Denmark from any foreign Financial Supervisory Authority.

Companies which are authorized to carry out financial services in Denmark can be found at The Danish Financial Supervisory Authority's homepage (www.dfsa.dk/sw1296.asp).

Contact person: Natascha Ottsen
Direct phone no.: +45 33 55 83 79

Irish Financial Services Regulatory Authority warns against Borsa Financial

Pursuant to Regulation 163 (1) of the EC (Markets in Financial Instruments) regulations 2007, the Irish Financial Services Regulatory Authority (‘Financial Regulator’) hereby advises that:

Borsa Financial
(Italy)
New Century Capital
(Austria and the United Kingdom)

are not authorised to provide investment services in Ireland.

Any person with information about the above firms or who wishes to make enquiries about any other investment firm, whether authorised or not, should contact the Financial Regulator enquiry line at:

Locall 1890 200 469

A list of warning notices issued to date by the Financial Regulator is available on the following website:

www.financialregulator.ie

CBFA warns against Capitalium Europe SA, Capitalium Consult SCRL and Capitalium SPRL

The Banking, Finance and Insurance Commission (CBFA) warns the public against the insurance intermediation activities carried out by Capitalium Europe SA and Capitalium Consult SCRL, and against any proposals for investment services made by these firms. The two firms are located at the following address : route de Genval 32, 1380 Ohain.

Capitalium Europe SA and Capitalium Consult SCRL are not registered with the CBFA, either as insurance or reinsurance intermediaries or as intermediaries in banking and investment services, and do not have the authorization in Belgium necessary to offer investment services in or from Belgium.

The CBFA thus advises the public against responding to any offers of insurance and/or investment services made in the name of Capitalium Europe SA or Capitalium Consult SCRL and against transferring money to any account number these firms might mention.

The firm Capitalium SPRL, route de Genval 32, 1380 Ohain, is registered with the CBFA as an insurance broker, CBFA number 102676 A. This registration has been suspended by the CBFA. The suspension of the registration involves a temporary prohibition to pursue activities of insurance mediation.

Anyone wishing more generally to enquire as to the regularity of any transaction proposed can find further information on the “Consumer Protection” page of the CBFA web site (www.cbfa.be) or by contacting the “Protection of Consumers of Financial Services” Department (telephone: +32 2 220 59 10; email address: peri@cbfa.be).

Hellenic Capital Market Commission warns against PK CONSULTANTS USA, Inc.

The Hellenic Capital Market Commission informs investors for the following:

PK CONSULTANTS USA, Inc. with headquarters in 110 Wall Street, 11th Floor, New York, USA and website www.pkconsultantsusa.com, is not authorised or supervised by the Hellenic Capital Market Commission and therefore is not authorised to provide investment services in Greece.

It is noted that according to article 6 of Law 3606/2007, the provision of investment services without prior authorisation from the competent authorities is not permitted and constitutes a criminal offense, which is subject to criminal and administrative sanctions.

Athens, 9th July 2010

Austrian Financial Market Authority warns against Sakura Financial Group

Pursuant to Article 92 para. 11 first sentence of the 2007 Wertpapieraufsichtsgesetz (WAG 2007; Securities Supervision Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person is not entitled to carry out certain investment services (Article 3 para. 2 nos. 1 to 4 WAG 2007), provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 4 June 2010, the FMA informs that

Sakura Financial Group
Head Office
Trusty Kojimachi Bldg
3-4 Kojimachi
Chiyoda-ku
Tokyo 102-0083
Japan
Phone: +81-3-4496-4348
Fax: +81-3-4496-4349
info@sakurafinancialgroup.com
www.sakurafinancialgroup.com

is not entitled to provide investment services in Austria requiring a licence. The provider is therefore neither entitled to provide investment advice in relation to financial instruments pursuant to Article 3 para. 2 no. 1 WAG 2007 nor portfolio management by way of managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments pursuant to Article 3 para. 2 no. 2 WAG 2007 or the reception and transmission of orders in relation to one or more financial instruments
pursuant to Article 3 para. 2 no. 3 WAG 2007.