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
07 June 2005 the FMA makes use of its right and warns against doing any financial services business with the following company
Benson & Raymond Acquisitions:
alleged location at
201 California Street, Suite 100,
San Francisco, California 94111, USA
Goldman Taylor Associates
alleged location at
796 Fifth Avenue,
New York , NY 10021-8401, USA
Oakmont Financial Mergers
alleged location at
130 Bellevue Avenue,
New Port RI, 02840, USA
Nationwide Merger & Acquisitions
alleged location at
3178 Johnson Ferry Road Northeast,
Atlanta, GA 30303, USA
These companies are not authorized by the FMA. Therefore it is 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.
Furthermore the FMA informs pursuant to the Article 24 para 6 of the WAG, that the institutions
International Regulatory Commission
alleged location at
2505 S. State Street
Salt Lake City, UT 84115-3109, USA
International Exchange Regulatory Commission
alleged location at
2690 Fairlawn Drive,
Winston-Salem NC, 27106, USA
International Compliance Commission
alleged location at
8968 US Highway 64 Suite 403,
Arlington, TN 38002, USA
are no legal financial market authorities, which are authorized to give information about any kind of capital market agents.
This action by the FMA comes as a result of several inquiries and complaints by investors in Austria.