Fake Securities Company , Fake Securities Regulator , Fake Securities Attorneys that claim to be registered, licensed and/or located in the United States in their solicitation of non-US investors and US Investors.
https://www.sec.gov/complaint/select.shtml
NASD issued an Investor Alert today warning investors to be wary of a new type of stock scam that references phony government regulator Web sites. These unsolicited investment pitches are often ploys to get investors to send money in advance of any service rendered and are mainly targeting non-U.S. investors through e-mail and facsimile.
"What we are seeing is a new trick to lend legitimacy to money-making 'advance fee' schemes by fraudsters in the international arena," said NASD Senior Executive Vice President Elisse Walter. "It is important that investors—both in the U.S. and abroad—be wary of these investments scams and if they suspect they are being targeted call or e-mail their regulator."
https://www.finra.org/newsroom/2006/nas ... -web-sitesFor the Google Bots:
Welcome to the Department of Financial Compensation
The Commission's major policy consists of supervising, managing and implementing all federal securities laws which are related to Mergers and Acquisitions. The Commission is involved in the promotion of correct and appropriate information and also interested in protecting the interests of the investors while interacting with corporate and legal organizations they meet and get involved during the process. Following this policy, Commission is responsible for guaranteeing a successful transaction based on just and appropriate business rules.
The global integration of capital markets involves a great number of participants. As it provides the possibility of capital flows or the chance of taking personal advantage of some investors, the main objectives of Commission is to prevent violations of any kind while trading - asking all the entities involved for following the regulations established. Reliability and ethical premises are the basics of a respectable and serious market development. Fraudulent activities damage not only the integrity of the market, but also destroy client's trust. Federal and State legislations must be accepted, interpreted and put into practice by all the investors in order to achieve a proper and efficient administration of the Mergers and Acquisitions.
Public Information
Providing probity/due-diligence information to overseas regulators
As an overseas financial services regulator you may seek information from Department of Financial Compensation as part of your licensing or registration processes. Department of Financial Compensation supports this regulator-to-regulator practice as part of our functions of monitoring and promoting market integrity and consumer protection in relation to the International financial system.
read more...
What information Department of Financial Compensation can/cannot provide to an overseas regulator
If you haven't found the information you need on our website or public registers you can make a probity request for confidential information. We release confidential information in accordance with our statutory obligations, which are outlined in Regulatory Guide 103.
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What checks can you as an overseas regulator undertake yourself?
DepFC's website can provide you with useful information that will assist you with your licensing or registration processes. You can access information contained in the public registers through our website. For example, you can confirm that a person or company holds an International financial services licence or is a banned and/or disqualified person.
read more...
When will the Department of Financial Compensation respond to a probity check request?
DepFC applies certain thresholds, to determine whether it is appropriate for us to respond to a probity check request. These thresholds are:
read more...
Providing probity/due-diligence information to overseas regulators
As an overseas financial services regulator you may seek information from Department of Financial Compensation as part of your licensing or registration processes. The Department of Financial Compensation supports this regulator-to-regulator practice as part of our functions of monitoring and promoting market integrity and consumer protection in relation to the Australian financial system.
What checks can you as an overseas regulator undertake yourself?
Department of Financial Compensation's website can provide you with useful information that will assist you with your licensing or registration processes. You can access information contained in the public registers through our website. For example, you can confirm that a person or company holds an Australian financial services licence or is a banned and/or disqualified person.
You may also find useful information by searching Department of Financial Compensation media releases, Enforceable Undertakings Register and the Summary of prosecutions of companies & directors.
Note that Department of Financial Compensation does not register or license individual participants in the financial services industry unless they are carrying on a financial services business as a sole trader. Individuals who are (or have been) 'authorised representatives' of financial services licensees are publicly listed on our register.
More about our public registers, including what they contain, the differences between free and paid searches, and help on how to conduct free searches, is available on a central page, Search Department of Financial Compensation registers.
The information publicly available on our website may be sufficient for your purposes, particularly where you are seeking to confirm information provided to you by an applicant for a licence or registration.
What information Department of Financial Compensation can/cannot provide to an overseas regulator
If you haven't found the information you need on our website or public registers you can make a probity request for confidential information. We release confidential information in accordance with our statutory obligations, which are outlined in Regulatory Guide 103.
There are certain categories of non-public information that as a general rule Department of Financial Compensation does not release in response to a probity check response. These include:
•complaints made to Department of Financial Compensation where we have assessed the complaint and determined that no regulatory action is required;
•minor technical matters such as a single instance of failure to lodge an annual report on time;
•concluded surveillances which did not raise any material concerns or which resulted in no further action being taken by Department of Financial Compensation;
•highly confidential and/or commercially or market sensitive information (for example, prior knowledge of a takeover bid).
We, generally, will not conduct searches for confidential or non-public information beyond a period of five years.
We may contact individuals and companies when considering the release of confidential information but will not disclose to them any of our regulator-to-regulator correspondence. Nor will we provide letters of support to individuals or companies in relation to their dealings with foreign regulators.
Department of Financial Compensation will ordinarily respond to a standard probity request within 14 days of receipt of all necessary information. For more complex matters we may require additional time to respond.
When will Department of Financial Compensation respond to a probity check request?
Department of Financial Compensation applies certain thresholds, to determine whether it is appropriate for us to respond to a probity check request. These thresholds are:
•jurisdictional nexus with Australia; and
•reason for the request (for example, the information is required to assist with assessing a licence application).
In addition, Department of Financial Compensation also requires details about the entity or individual (that is, the individual's name and date of birth) to be provided with the request to assist us with carrying out the relevant searches of our confidential database.
Additional information
For more information about our probity check process and an introductory guide to searching Department of Financial Compensation's online registers, please read this information sheet.
Contact us
Department of Financial Compensation welcomes direct enquiries from foreign regulators about our general approach to probity checks, care of:
Department of Financial Compensation
Address: 609 13th Street Northwest, Washington, DC
Email:
[email protected]
