In an announcement published in today’s issue of the official gazette “Amtsblatt zur Wiener Zeitung”, the Austrian Financial Market Authority (FMA) warns investors against financial service transactions with the following two providers:
First China Corporate Management Group,
with its alleged head office at
Oriental Plaza 1 East Chang Av.,
Level 6, Toqer W2,
Dong Cheng District,
100738 Bejing,
China
www.firstchinacmg.com
Private Commercial Office, Inc.,
Engler, Ulrich
with its alleged head office at
1217 Cape Coral Pkwy, # 121,
Cape Coral
Florida 33904
USA
First China Corporate Management Group and Private Commercial Office, Inc. (Engler, Ulrich) offer financial services in Austria which require a licence pursuant to section 1 para 1 no. 19 Bankwesengesetz (BWG; Austrian Banking Act) (advising clients on investing funds, managing client portfolios in accordance with mandates given by investors, brokering business opportunities for the acquisition or sale of certain financial instruments) without having the required licence.
In an announcement published in today’s issue of the official gazette “Amtsblatt zur Wiener Zeitung” the FMA also warns investors that Mr.
D. Keffel-Fallahi
with his alleged head office at
119 C. Jara
E – 29630 Benalmadena, Spain
DIEWAL(at)terra.es
is not entitled to offer banking services pursuant to section 1 para 1 no. 18 lit b BWG (credit brokerage) in Austria. Mr Keffel-Fallahi approached potential customers in Austria without meeting the statutory requirements.
“Before you start doing business with a financial service provider please make sure that it has the required licence,” warns FMA Executive Director Heinrich Traumüller, and adds: “Be particularly cautious if an unknown provider makes unsolicited contact with you and offers financial services. Cold calling is even forbidden by law.”
For further information please contact
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0676)/882 49 516