***General Commerce Bank AG/
General Commerce Bank of Vienna
Schlickgasse 1,
A-1090 Wien, Austria.
Telephone: 43-1-317-27-00. Facsimile: 43-1-317-27-00-73.
google.com
Hang up on overseas share salespeople
Why you should hang up on overseas share salespeople
Which companies should you hang up on?
*** 10 more names added 4 May 2001
** 14 more names added 5 December 2000
Why you should hang up on overseas share salespeople
Hang up on overseas salespeople who phone you and use high pressure sales tactics to sell you shares. You risk losing your money if you invest with them. Some Australians have already lost large amounts of money with these people who are generally based in Asia.
None of these salespeople are licensed in Australia nor do they have a prospectus registered with us for the shares being sold. Selling shares to Australians without an ASIC licence and a prospectus is illegal under the Corporations Law.
You should not rely on the word of a complete stranger using high pressure sales tactics over the phone who promises high returns. If you deal with overseas brokers you:
lose the protection offered by Australian law
cannot confirm if your money has been invested on your behalf
run the risk of being unable to recover your money after it is sent overseas.
Overseas brokers rarely give adequate evidence that they are legitimate businesses in the country where they are located. In many cases they use phone and mail forwarding services and serviced offices, and do not actually have a physical presence in the country in which they claim to have an office.
They often have websites and glossy sales brochures and offer shares in high-technology or other "new economy" stocks. They may suggest that a share listing on an "Over The Counter (OTC) Bulletin Board" in the USA is equivalent to a listing on the popular NASDAQ exchange. The United States Securities and Exchange Commission warns that fraudsters who claim this are trying to mislead investors into thinking that the company is bigger than it actually is. The OTC Bulletin Board is not part of the NASDAQ stock market.
When called, you should always check our database of licensed securities dealers, investment advisers and their representatives. Do not take the word of the salesman even if they say that they have a licence. Check our professional registers before you agree to anything. You can also check whether a prospectus has been lodged with us.
We advise you to hang up on these "cold callers" because if you want to buy shares in overseas companies you can do this through licensed Australian dealers.
Our power to directly investigate and enforce the law outside Australia is limited. We are liaising closely with regulators and law enforcement agencies overseas in order to have these practices stopped.
Which companies should you hang up on?
We want to make sure no more Australians are pressured into investing their hard earned savings with unlicensed share traders, so we are now publishing the names of those overseas brokers who have made unsolicited calls to Australians and who do not hold a current licence from us.
The brokers who have come to our attention in recent times include those listed below. However, this is not a comprehensive list and new names are coming to our attention all the time. We will add to this list as we hear of new names.
When we hear of a new name we check whether they are licensed by ASIC. Without an Australian licence, they operate unlawfully. We contact them, tell them to stop and report them to the relevant overseas authorities.
If you are called by an overseas broker and the broker is not on our list you should still check whether they are licensed on our professional registers, and if they are not, hang up. We would also like you to tell us about them. Please email the details to our Infoline at infoline@asic.gov.au.
The names marked *** were added to this list on 4 May 2001.
The names marked ** were added to this list on 5 December 2000.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W| XYZ
B
***Barrington Consultants Inc
(Subsidiary of Barrington Capital Ventures Ltd)
Unit 2302-A & B West Tower,
The Philippines Stock Exchange Centre,
Exchange Road, Ortigas Centre,
Pasig City 1600, Metro Manila, Philippines.
Telephone: (632) 636-8810. Facsimile: (632) 636-8397.
***Barrington Capital Ventures Ltd
Unit 2302-A & B West Tower,
The Philippines Stock Exchange Centre,
Exchange Road, Ortigas Centre,
Pasig City 1600, Metro Manila, Philippines.
Telephone: (632) 636-8810. Facsimile: (632) 636-8397
Benson Dupont International
Level 23, CP Tower
313 Silom Road
Bangkok 10500, Thailand
Other offices or mail addresses in Hong Kong, Japan, United Arab Emirates, Panama, France and Switzerland.
Berchmans Lee Company Inc
1410 Herrera Tower
Herrera St
Makati City, 1227 Philippines
Other offices or mail addresses in Singapore, The Bahamas and USA.
Berkeley Samson International
23rd Floor, M Thai Tower
All Seasons Place
87 Wireless Rd
Bangkok, Thailand
Other offices or mail addresses in HK and Singapore.
The Brinton Group
Liberty Square
287 Silom Road
Bangrak, 10500
Bangkok, Thailand Park West Building
6-12-1 Nishi-Shinjuku
Shinjuku-ku
Tokyo 160-0023, Japan
Other offices or mail addresses in China.
***Bradford-Kempner Investments Ltd
Unit 1512, 15th Floor
Q-House Asoke Building
66 Sukhumvit 21 Road, Klongtoey Nua,
Wattana Bangkok, 10110, Thailand.
Telephone: (662) 264-2592 / 2593. Facsimile: (662) 264-2594 / 2146 Atrium, Stravinskylaan 305,
1077 ZX, Amsterdam, The Netherlands. Unit 8111 Medical Plaza,
Amorsolo coner dela Rosa Streets,
Legaspi Village, Makati City, Philippines.
Telephone: (632) 8101366.
C
Capital Advisory Corporation
Silom Complex,
18th Floor, 191 Silom Rd.
Bangkok 10500, Thailand
Other offices or mail addresses in Hong Kong and British Virgin Islands.
**Capital Assets Limited
28th floor, Tower 2
The Enterprise Center
6766 Ayala Avenue corner Paseo de Roxas
Makati City
Metro Manila
Philippines
Collwood & Hall, Ltd
23rd Floor, M. Thai Tower
All Seasons Place
87 Wireless Road
Phatumwan
Bangkok, 10330, Thailand
D
Dreyfus Securities Ltd
23rd Floor, M Thai Tower
87 Wireless Rd
Phatumwan,
Bangkok 10330, Thailand
Other offices or mail addresses in Japan, Brazil and London.
Duke's & Company Securities Inc
***Information suggests were taken over by Muller & Sons and World Wide Investors Inc.
Unit 1009 PS Bank Tower,
Senator Gil J. Puyat Ave.,
Makati City, 1220, Philippines
Other offices or mail addresses in Hong Kong, Belize and Canada.
E
**E Go Trade Otemachi First Square
East Tower 4/F
1-5-1 Otechachi, Chiyoda-Ku
Tokyo 100-0004
Japan 31/F Jin Mao Tower
Pudong, Shanghai 200120
China
***Evergreen Consulting Corporation
5th Floor Amrit Tower,
4980 P. Guanzon Street,
Makati City, Philippines.
Telephone: (632) 899-3591.
Facsimile: (632) 899-3590.
F
First Federal Capital
C/o 1900 Ave of The Stars
Suite 1635
Los Angeles, CA 90067, USA
**Freelander & Kuhn 1411 Herrera Tower
Herrar Street, Salcedo Village
Makati City
Philippines Nervis Street
PO Box 767
St Johns
Antigua
West Indies
Return mailing address in Singapore
Fortune International Inc 18th Floor
One International
Finance Centre
1 Harbour View St
Central, Hong Kong 2111 Wing On House
71 Des Voeux Road
Central, Hong Kong
Other offices or mail addresses in Singapore, Japan and China.
G
***General Commerce Bank AG/
General Commerce Bank of Vienna
Schlickgasse 1,
A-1090 Wien, Austria.
Telephone: 43-1-317-27-00. Facsimile: 43-1-317-27-00-73.
***Gerson-Lehmann Inc
SSP Tower 3, Unit 14B, 14th Floor,
88 Silom Road, Suriyawongse,
Bangrak, Bangkok 10500, Thailand.
Telephone: (662) 634 - 1823 / 1824.
Facsimile: (662) 634 1825.
***Global Interactive
Level 36, Hong Leong Building,
16 Raffles Quay, Singapore.
Telephone: 65 321 9149.
Facsimile: 65 322 8558. Level 25 Bank of China Tower,
1 Garden Road,
Central Hong Kong.
Telephone: 852 2251 1623.
Facsimile: 852 2251 1618. 3753 Howard Hughes Parkway, Suite 200
Las Vegas. Nevada 89109, USA
Telephone: 702 892 3915.
Facsimile: 702 892 3916.
K
The Kensington Group 23F M Thai Tower
All Seasons Place
87 Wireless Rd
Phatumwan
Bangkok 10330, Thailand 18F One International
Finance Centre
1 Harbour View St.
Central, Hong Kong
Other offices or mail addresses in Singapore, Japan and China.
Knowle Sachs & Company Inc
***Information suggests were taken over by Dukes & Company Securities Ltd.
C/- Suite 17, 21 Herrera Street
Coner Valero
Salcedo Village
Makati, Metro Manila
Philippines
Other offices or mail addresses in Hong Kong, Cayman Islands and Switzerland.
M
The Madison Group
23rd Floor, M Thai Tower
All Seasons Place
87 Wireless Rd
Bangkok, Thailand
***Marlborough Acquisitions Inc
(USA based) Calls investors who have dealt with overseas cold calling firms and offers to buy their shares at a higher price - but require payment of an upfront fee.
4600 South Ulster Street, Denver,
Colorado, 80237 - 2882 USA.
Telephone: +1 (303) 370 9056.
Facsimile: +1 (303) 370 9056.
**J R Matthey
International Bank Plaza
2348 Chemin Lucerne Road #153
Montreal Quebec
Canada H3R 238
Muller & Sons Securities Management Inc
***Information suggests were taken over by Price Warner Company Ltd.
Unit 114, Prince Plaza I
106 Legaspi Street
Legaspi Village
Makati City, Philippines
Other office or mail address in Belize.
N
**Newport Pacific Securities & Management Inc
Unit 404 Green belt Mansion
106 Perea St
Legaspi Village
Makati City
Philippines
O
Osiris Asia Pacific
Level 23, CP Tower
313 Silom Road
Bangrak,
Bangkok 10500, Thailand
Other offices or mail addresses in Hong Kong, Singapore, Malaysia and Germany.
P
**Pfeiffer Galland Limited
Plaza Mashill Level 21
Jl. Jendral Sudirman Kav. 25
Jakata 12920, Indonesia
***Price Warner Company Ltd
(Based in British Virgin Islands) Information suggests that Price Warner took over the operation of Muller and Sons, which took over Dukes & Company Securities Inc, which took over Knowles Sachs & Company Inc. 8th Floor, Udom Vidhva Building, 956 Rama IV Road, Silom Bangrak, Bangkok 10500, Thailand.
Telephone: (662) 636 2780/81.
Facsimile: (662) 636 2782/83. IFS Chambers, Road Town, Tortola, BVI.
Pryce Weston Incorporated
Manila Business Center
Suite 1721 Herrera Tower
Herrera St.
Salcedo Village,
Makati City 1200, Philippines
Other offices or mail addresses in Hong Kong, British Virgin Islands and US.
**PT. Dolok Permai
6F Pacific Star Building
Makati Avenue
Makati City
Philippines
S
Saxon & Swift
Suite 7/A, Cypress Gardens
Herrera Street
Legaspi Village
Makati City 1200 Philippines
Other offices or mail addresses in Hong Kong, Vanuatu and US.
Sherman Brothers
Level 23, M Thai Tower
All Seasons Place
87 Wireless Road
Phatumwan Bangkok
Thailand
**Sigama Capital Management
Level 18F
One International Finance Centre
1 Harbour View Street
Central
Hong Kong
Level 14
Kamiyacho Mori Building
4-3-20 Toranomon
Minato-ku
Tokyo 105-0001 140 One Pacific Place
Level 14/1401 Sukhumvit Road
Bangkok 10110
Thailand
The Strategic Alliance Group 17th Floor, BC Sethiwan Tower
139 Pan Road
Silom, Bangruk
Bangkok 10500, Thailand 23rd Floor, M Thai Tower
All Seasons Place
87 Wireless Road
Phatumwan
Bangkok 10330, Thailand
Other offices or mail addresses in Hong Kong, New Zealand and Switzerland.
T
**Taylor Atlantic Ltd 4th Floor 124 Victoria Street
London SW1 E 5LA
United Kingdom
Level 40 Tower 2
Petronas Twin Towers
Kuala Lumpur 50088
Malaysia
Transglobal Consultants Limited
Pacific Place Two Building
Suite 1707, 17th Floor
142 Sukhumvit Road, Klongtoey
Bangkok 10110, Thailand
Also addresses in Hong Kong and London.
**Trident International
(Took over Worldwide Investors Management Inc, see later details)
Suite 2207, 88 Corporate Center
141 Valero Street, Salcedo Village
Makati City, 1200
Philippines
Return mailing address in Singapore
***Tri-West Invest Club
160 North Front Street,
PO Box 354,
Belize City, Belize
U
United Capital Management Inc
1680 Ramon Magsaysay Center
Roxas Boulevard
Manila, Philippines
Other offices or mail addresses Hong Kong, London and US.
V
Vantage International Management Inc Level 23,
M Thai Tower
All Seasons Place
87 Wireless Road
Phatumwan Bangkok
Thailand Times Square Building, 12th Floor
Unit 12-04B, 246 Sukhumvit Rd
Klongtoey,
Bangkok, Thailand
Unico House Building
Room 15-G
15th Floor, 29/1 Soi Langsuan Ploenchit Rd
Patumwan
Bangkok 10330, Thailand
Other offices or mail addresses in Singapore.
W
**Westwood Management Limited Suite 1214 Medical Plaza
Dela Rosa corner Amorsolo Streets
Legaspi Village
Makati City
Philippines
Room No 14F, 14th Floor
Vanissa Building, 29 Soi Chidlom
Ploenchit Road, Lumpini
Pathumwan
Bangkok 10330
Thailand
**Worldleader Investment Insider
11th Floor Dah Sing Life Building
99 Des Voeux Road
Central
Hong Kong
Worldwide Investment Management Corporation
Various office or mail address in the Philippines.
**Worldwide Investors Management Inc
(Taken over by Trident International)
Suite 305 Valero Plaza
124 Valero Street, Salcedo Village
Makati City, 1227
Philippines
Other information about cold calling and overseas investments |
