18 August 2010

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.

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