Frost Capital Partners
Warning of the Securities and Exchange Commission (SEC) of the United States of America.
Public Alert: Unregistered Soliciting Entitie.
Frost Capital Partners
52 Broad Street
Boston, MA 02109
Phone: (617) 517-3093
Fax: (617) 249-2022
Finanstilsynet (de Noorse toezichthouder) en Finansinspektionen (de Zweedse toezichthouder) waarschuwen voor Frost Capital Partners.
De waarschuwing van 27 november 2013 van Finanstilsynet (de Noorse toezichthouder)
Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by Frost Capital Partners.
Finanstilsynet has been informed that Frost Capital Partners (address: 52 Broad Street, Boston, Massachusetts 02109, USA) has approached Norwegian investors offering investment services. The company also offers services from a website http://frostcp.com/.
Finanstilsynet wishes to make it clear that Frost Capital Partners 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 Frost Capital Partners.
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 website (http://www.finanstilsynet.no/markedsadvarsler/).
De waarschuwing van van 25 oktober 2013 van Finansinspektionen (de Zweedse toezichthouder)
Finansinspektionen (the Swedish Financial Supervisory Authority) has today published this statement in order to warn investors against dealing with unauthorised firms.
Frost Capital Partners has not received authorisation from Finansinspektionen and therefore is not entitled to provide financial services in Sweden. Finansinspektionen has not received any notification of cross-border activities from other EEA countries.
Representatives from Frost Capital Partners contact investors through unsolicited telephone calls and offer to buy their holdings of shares in American OTC companies, Universal Detection Technology, Inc and BioPulse International. They refer to a fictious authority, Financial Compensation Authority, 1015 G Street Northwest Washington DC 2004.