Finansinspektionen (the Swedish Financial Supervisory Authority) has
today published this statement in order to warn investors against dealing with unauthorised firms. Western Global Capital Management is not authorised by Finansinspektionen and is therefore not entitled to provide financial services. Finansinspektionen has not received any notification of cross-border activities from other EES countries.
Western Global Capital Management has a website (www.westernglobalcapmgt.com) using the following address: 583 5th Avenue, New York, NY 10022, USA.
Western Global Capital Management's representatives contact investors through unsolicited telephone calls and offer to buy their holdings of shares in an American OTC company. However, the investor must first pay a fee in advance, "De-Restriction 10%". This is an advance fee fraud scheme.
To find out whether a company or individual is authorised, check
Finansinspektionen's website at: www.fi.se under "Authorisation".