Earnest & Medwell International
De Belgische FSMA en de Noorse Finanstilsynet waarschuwen tegen Earnest & Medwell International.
Waarschuwing van de FSMA van 4 mei 2016
The Financial Services and Markets Authority (FSMA) warns the public against the activities of Earnest & Medwell International, a company that offers investment services.
Earnest & Medwell International is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium.
Moreover, according to the information available to the FSMA, the activities proposed could be of a fraudulent nature, i.e. boiler room fraud. More information on this form of fraud is available in the general warning published by the FSMA on 4 May 2016.
The FSMA thus strongly advises against responding to any offer of financial service made by Earnest & Medwell International and against transferring money to any account number it might mention.
Earnest & Medwell International uses the website www.earnest-medwell-international.com, the email address firstname.lastname@example.org and the phone number +852 5803 2834. It claims to have its registered office in Hong Kong (West Gate Tower, 7 Wing Hong Street, Cheung Sha Wan, Kowloon).
It is also suspected of having ties with Experia Management Group, Jones Shaw Capital Partners, Peston & Sons Securities, Neuberger and Co. Wealth Management, Brandt-Swift Associates and Cunningham Mutual, companies about which the FSMA has also published a warning.
This company has likewise been the subject of a warning by the Finanstilsynet, the Norwegian supervisory authority, dated 17 April 2015.
If you wish to check in general whether a proposed transaction complies with the financial regulations, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA (email address: email@example.com).
Waarschuwing van Finanstilsynet van 17 april 2015
Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by Earnest & Medwell International.
Finanstilsynet has been informed that Earnest & Medwell (address: West gate Tower 7, Kowloon, Hongkong) has approached Norwegian investors offering investment services. The company also offers services from a website http://earnest-medwell-international.com/.
Finanstilsynet wishes to make it clear that Earnest & Medwell is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Earnest & Medwell.
Finanstilsynet's registry (http://www.finanstilsynet.no/registry) gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's.