Amber Global Ltd and Momentum Associates Ltd have the same address techstocks.com.
SFC Takes Action Against Unregistered Dealing Activities
The Securities and Futures Commission announced that it had successfully prosecuted Amber Global Limited (AGL) for carry on a business whilst unregistered.
AGL pleaded guilty before Ms Polly Lo at Western Magistracy today. AGL was fined $10,000 and ordered to pay costs of $7,400 to the SFC.
The SFC investigation revealed that during the period 1 April July 1998, AGL acted as a agent in Hong Kong for Amber Securities (ASC), a company registered with the Security and Exchange Commission of the United States as a securities broker. Sales staff of AGL, were instructed by Mr. John Jerome Cronin (Cronin), the person-in-charge of the operation of AGL, to recruit clients in Hong Kong to open accounts with ASC and then receive their securities trading instructions for onward transmission to ASC. AGL, Cronin and sales staff of AGL are not registered with the SFC in any capacity.
For further information, please contact Chan Chi-Keung at 2842-7624
Bryant Craguns letter dated 2/7/97 Director OXFORD INTERNATIONAL MANAGEMENT, INC. Yes he misspelled "occassions"
OXFORD INTERNATIONAL MANAGEMENT, INC
February 7, 1997
To our valued clients,
Due to the recent reports in your local media criticizing offshore brokers, discount brokers or a stock wholesaler. Oxford serves as an investment manager focusing on the funding of emerging growth companies. We operate as a venture capital management company. Our aim is to identify young growth companies, participate in ownership through funding these companies and ultimately benefit from their success. Our investment philosophy is not one short term quick profits but long term steady growth. We have shared that philosophy with our clients and client companies since our beginning in 1991.
Oxfords management spends extensive time working with the management of our client companies. We have enclosed messages from the chief executive officer of each company acknowledging Oxford's role in their development and our professionalism.
A point of clarification about the Power Report. The Power Report is an independent market news letter used by investors, investment managers and brokers from New York to London to Hong Kong. The overall advice given in the report over the past years has been outstanding. All investment services world wide use the same tool, which include market research, reports and news releases all communicated via the telephone. As investors, it is important to qualify who is giving you investment advice. The fastest way to qualify any investment service is to qualify the advice or recommendation given by contacting the company directly. We welcome any of our clients to call or visit any of our client companies. Oxford is proud of its past and current client companies and their success which has been shared by clients.
We are aware of a small number of groups, representing themselves as retail brokers or stock wholesalers, who have recently ( Within the last two years) begun operating in Manila.
When requested by our clients to research some of their recommendations, we have on many occassions reported back to the company either did not exist or was substancially different from had been represented. Unlike many media sources, we refuse to instill panic in the investing public with scaremongering.
If there is any additional information we can provide for you, please call your Oxford representative. We look forward to a long term and profitable relationship.
Yours Sincerely,
(His signature here)
Bryant D. Cragun
Chairman
Suite 1402, 14th Floor, PDCP Bank Centre, 8737 Paseo de Roxas corner Makati City, Philippines Swithchboard (632) 893-7713 * Fax (632) 817-0709 * Direct (632) 892-1994 * Fax (^32) 892-6989
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