Pursuant to Article 24 para 6 of the Wertpapieraufsichtsgesetz (WAG; Austrian
Securities Supervision Act) the Austrian Financial Market Authority (FMA) is entitled
to inform the general public by publication in an official bulletin published nationwide
that a particular company is not authorized to provide certain financial services (as
stipulated in Section 1 para 1 no. 19 of the Bankwesengesetz (BWG; Austrian
Banking Act)).
With the announcement in the official gazette “Amtsblatt zur Wiener Zeitung” on
22 July 2004 the FMA makes use of its right and warns against doing any financial
services business with the following companies
Anderson & Goldberg S.L. –
alleged location at
Bank of China Tower, Central, Level 25, Garden Road, Hong Kong
(also: Paseo de la Castellana, 141 – 8*, 28046 Madrid, Spain)
Baker & White –
alleged location at
Office Tower Convention Plaza, 38th Floor, 1 Harbour Road, Wancahi, Hong Kong
Novis Partners –
alleged location at
Bank of America Tower, 12 Harcourt Road Central, Hong Kong
These companies are not authorized by the FMA. Therefore they are not entitled to
provide investment advice concerning client funds, to manage client portfolios in
accordance with mandates given by investors or to broker business opportunities for
the acquisition or sale of certain financial instruments.
This action by the FMA comes as a result of several inquiries and complaints by
investors in Austria.