Latest additions to the SEC Investor Complaints List
The following company names have been added to the Public Alert: Unregistered Soliciting Entities (PAUSE) in the USA.
FinTrade Advisors Inc.
Morisson Ventures Inc.
Nevada Transfer Agent.
Quantum Reliance Group.
U.S. Financial Management Service.
York & Williamson.
Alliance Group Inc. / Alliance Insurance Agency.
Alliance Transfer Inc.
Capgemini Law Mergers & Acquisitions.
Colonial Trust Transfer Agency LLC.
The SEC (Securities Exchange Comission) has looked into these complaints and has learned that in many cases, the soliciting entities are not registered in the United States as they claim or imply. In an effort to warn the public about these entities, the SEC is publishing information it has learned in reviewing these complaints.
For each of the entities named below, our staff has determined either (1) that there is no US registered securities firm with this name, or (2) that there is a US registered securities firm with the same (or a similar) name but that solicitations appear to have been made by persons who are not affiliated with the US registered securities firm.
Any call out of the blue to sell or even offer to buy any shares you may hold is likely to be a boiler room. With the downturn in the economy it is important to be more careful than ever. Elaborate stories of takeovers of what would appear to be worthless companies are on the increase from fave investment firms, only later to require a security deposit of trading fee of some kind. This is an extention of the traditional boiler room scam.
Been contacted by a boiler room? Find out what you can do.
