Well noted i indeed found them on the Financial regulators list of new zealend but no where else. I am rying to see if i can get them but i do beleive it is misson impossible.
Thanks for the advice
Maybe you can recommend some good and reliable iunstitutions for investments i might be able to make it up.
Shin Kong Wedbush are frauds to be sure.I am also a victim of them.I invested around 30K with them over the past year.As with you, they never made any grandiose claims, ....at the most 30% in a year.When I needed to liquidate it this December, all the phone lines were down and I couldnt reach them even with email.I contacted the Financial Securities Bureau in Taiwan(their SEC) and they told me that this SKW was registered in China,not Taiwan and that this was an international scam.However there may be a light at the end of the tunnel.....I contacted their bank where I made the transfers (Cathay United Bank) and they told me that the account is frozen and is under investigation.They wouldnt tell the amount of funds available in the account.All they said was that they were awaiting a judgement from the Taiwanese court on this matter and didnt know when that would be.All in all ,looks like the authorities had gotten wise to them pretty quickly as I had spoken to a "broker" from SKW just 1 week prior and they claimed everything was hunky dory.I even got an email saying that they had been acquired by a Gibraltar based company called Fairfield Associates.
Their banks home page
www.cathaybk.com.tw
email:
[email protected]
Financial Securities Bureau
Emails
[email protected]
[email protected]
Here is something curious,while furiously googling SKW ,I found this company Richmond Grant.Looks like another scam but this is based in Hong Kong, in their contact email page they ask you to contact them in case of any issues with SKW products hmmm....
http://richmondgrant.com/contact-email.php
On top of this ,their goddamn twitter account is still active
http://twitter.com/shinkongwedbush
(Last entry
ec 29th)
Here are the names of the people I dealt with at SKW
Ron Haskin(customer service)
David Brown(Senior Portfolio Manager)
Douglas Butler(SVP Investments)
Shang(dont remember title)
Richard Franklin(Portfolio Manager)
Mathew Curren(Portfolio Manager)
Mike Tan(used to send a SKW newsletter,stopped around March 2010)
I first dealt with David Brown, when I asked him to liquidate some monies, he suddenly got a back problem and I was now dealing with Richard Franklin,later when I made the same request to Richard Franklin to release some more monies he initially side stepped it saying that he couldnt sell it as mine was a small amount and that he doesnt anticipate a large block sale until December and also it would be more profitable then.Later, when I tried to reach him, Ron Haskin informed me that Franklin had to skip work due to the birth of his son!Matthew Curren then replaced Franklin ,by then in late NOvember/early December I reiterated that he had to liquidate it all.Mr Curren agreed and after that all communication ceased!BTW the stock they claimed I had was HGSI, I contacted HGSI as well and they claimed to have no knowledge of this broker or my stock.
As recently as Christmas Eve, David Brown has been penning articles on behalf of SKW at articlesnatch.com
http://www.articlesnatch.com/Articl...e-Q4-Loss-Much-Narrower-Than-Expected/1009319
Mind you this article was written while SKW was very much under the microscope of the relevant authorities as well as their bank.
Hope this info helps.Lets ,keep at it , perhaps we may recover atleast some of our investment