Kredittilsynet (The Financial Supervisory Authority of Norway) warns against investment offers marketed by Investment Network Incorporated

Kredittilsynet has been informed that Investment Network Incorporated has contacted Norwegian investors and tried to sell shares. In return, the investors must, among other things, pay a fee in advance in order to receive the shares. The company also offers services from the website www.investmentnetworkincorporated.com.

The company’s name is very similar to the name of an American company called Investment Network Inc. with CRD no. 127724 and SEC no. 8-66036, but this warning note only applies to Investment Network Incorporated. It is not unusual that parties involved in this kind of illegal activity use names that may be mistaken with the name of a legitimate company, in order to inveigle potential investors.

Kredittilsynet informs that Investment Network Incorporated has not received any approval to perform investment services in Norway, involving that the company does not have necessary authorisation in accordance with Norwegian law. This also involves that Kredittilsynet does not supervise the company and has not approved the services offered by the company. Kredittilsynet therefore recommends that investors do not enter into agreements or transfer values to Investment Network Incorporated.

Kredittilsynet’s registry contains information on all companies which are authorized to offer investment services in Norway. A list (not complete), of parties in the market which operate without approval, can also be found on Kredittilsynet’s website.

Published: 31.08.2007

Oprettet d. 23.07.2003 og sidst redigeret d. 21.11.2007

Tilføj til dokumentmappen