Steed and Associates, Inc. is not authorised by Finansinspektionen (the Swedish Financial Supervisory Authority) and is therefore not entitled to provide financial services.
Steed and Associates, Inc. has a website (www.steedandassociates.com)
using the following addresses:
Steed and Associates, Inc.'s representatives contact investors by telephone and offer to buy their holdings of shares in American OTC companies. However, the investor must first pay a fee in advance, "Performance Bond Premium". This is
an advance fee fraud scheme.