| Swiss Equity Trust AG |
Thu, 13 October 2005 10:35  |
brucy5
Messages: 7
Registered: October 2005
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Junior Member |
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Swiss Equity Trust AG from Switzerland have contacted me way back in 2002 in connection with Ergolabs inc. After many phone calls they managed to convince me to acquire shares in this company. Then in 2003 I received a letter informing me that Ergolabs inc. has been acquired by Trimfast Group (Pink Sheets stock symbol: TFTG). According to the said letter the shares were resticted for trading for 1 year. I have contacted SET several times but never got a reply. Trimfast looks like a shell company with basically nothing in it. After accessing its SEC filings in www.pinklsheets.com , ergolabs is never mentioned as an acquisition of Trimfast group. From the accounts filed, Trimfast is basically a worthless company.
I have reasons to believe that Swiss Equity Trust SA is somewhat related to Trans-National Equity & Trust SA also based in Switzerland who apparently is undergoing a criminal investigation.
Anyone who has some information, please come forward and discuss the matter more in detail. Let's not leave these fraudsters get away with this one!!!!
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| Re: Swiss Equity Trust AG |
Wed, 29 November 2006 05:15  |
gpnnicolaidis
Messages: 1
Registered: April 2003
Location: Geneva. Switzerland
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Junior Member |
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I just happened to see your old posting today. This may be useful:
Swiss Equity Trust Gmbh is listed as authorised distributors in Switzerland . Pls see http://www.ebk.admin.ch/e/institute/pdf/eflvervt.p df page 15 out of 17 by Swiss Federal Banking Commission, Switzerland’s watchdog, similar to the
SEC in the USA.
Regards,
George
George
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| Re: Swiss Equity Trust AG |
Thu, 02 December 2010 05:21 |
AnnabelleR
Messages: 3
Registered: November 2010
Location: Usa
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Junior Member |
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The Financial Services and Markets Act 2000 (FSMA) sets out one of the FSA’s regulatory objectives as protecting consumers.
This warning list includes unauthorised overseas firms that the FSA has received complaints about in respect of their activities and/or the FSA has reason to believe they are involved, or have been involved in, activities that contravene section 19 and/or 21 of FSMA.
Such firms are often involved in ‘boiler room’ activities and pose a high degree of risk to consumers. They frequently engage in tactics including cold-calling members of the public offering shares that later turn out to be worthless or high risk. The callers can be very persistent and extremely persuasive. If you are cold-called by an unauthorised overseas firm in relation to stocks or shares, you should be extremely careful. If you are contacted in such a manner, the FSA advises that you simply terminate the telephone call – the most effective protection against such unauthorised firms is to have nothing to do with them.
The list of unauthorised firms is by no means exhaustive as new names are regularly added. The absence of a firm’s name does not necessarily mean they can be safely dealt with. Consumers need to be aware of the dangers that are posed by such unauthorised entities.
Further guidance and information on the dangers posed by such firms can be found on Moneymadeclear.
Ingrown hair
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