Pursuant to Article 92 para. 11 first sentence of the 2007 Wertpapieraufsichtsgesetz (WAG 2007; Securities Supervision Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person is not entitled to carry out certain investment services (Article 3 para. 2 nos. 1 to 4 WAG 2007), provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.<\/p>
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 20 February 2014, the FMA informs that<\/p>
Fanrong Capital<\/strong> is not entitled to provide investment services in Austria requiring a licence. The provider is therefore not entitled to provide portfolio management by way of managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments pursuant to Article 3 para. 2 no. 2 WAG 2007.<\/p>\n","protected":false},"excerpt":{"rendered":" The FMA warns investors against the conclusion of investment services requiring a licence with this provider.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[81],"tags":[],"class_list":["post-3290","post","type-post","status-publish","format-standard","hentry","category-warning"],"yoast_head":"\n
\nwith alleged business location in
\n20\/F, One International Finance Center,
\n1 Harbour View Street, Hong Kong
\nE-Mail: wei.zhang(at)fanrongcapital.com
\nPhone: +852 5808 3849
\nWeb: www.fanrongcapital.com<\/p>