I was asked to write a review on SWFInvestguide — I will not write a review but will issue a CAUTION Warning! I will NOT even use their link as the site has been reported as a possible phishing site by more than one person.
Whois and site information:
Swfinvestguide dot com was registered by SWFinvestguide Financial Services, Inc. on 08 May 2012. The website is 9 months old and located on the IP 220.127.116.11 .
16th/17th Floor, 277 Park Ave, New York, NY 10017-2014 — Apple Bank Building
Registered Name SWFinvestguide Financial Services Inc.
Registered Address Avenue Louis-Casai 50, CH 1216 Vernier, Geneva, Switzerland
Company Registration Number CH-660.2243929.8
Place of Registration Switzerland
VAT Registration Number CHE-146.181.993
A sovereign wealth fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals, or other financial instruments. Sovereign wealth funds invest globally. Most SWFs are funded by foreign exchange assets.
Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation’s banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management.
According to my research SWFinvestguide NEVER had anything to do with Sovereign Wealth Fund, neither do they reside in Switzerland as claimed (FINMA “No entry in the commercial registry / physical presence in Switzerland” http://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/default.aspx . On the 22nd of December, 2012, the Financial Markets Authority of New Zealand (FMA) and Swiss Financial Market Supervisory Authority (FINMA) issued a public warning alert.
FINMA Swiss Financial Market Supervisory Authority warning: http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=329
Switzerland Registration Search: Search for business name and number:
(0 results on the 25.02.2013 at 00:54) [Status: 25.02.2013 38/2013]
Business Names Index – Federal Commercial Registry Office
This notice was posted on December 20, 2012: http://www.economicfrauds.com/SWF-Investguide-Financial-Services-Inc.html
The most unusual part of the SWFinvestguide “scam alert” is the fact they then used representatives who would contact investors through, unsolicited telephone calls – “cold calls”, offering investment services. Their main target at that time were “African” countries. It appears they have ventured out around the globe now.
Most recently you can find several “blog” posts leading to this program — they seem to have just “popped up” since the beginning of February. With their $1,000 MINIMUM requirement I would hope most investors stayed away from this one. Unfortunately, I did read one post where an investor put in several thousand and now they won’t even respond to his emails and others that were paid one or two months and then nothing with no response from support. Even though the site states they have “live” chat you won’t find them available…they even go so far as to post an update stating they are so busy it’s best to just send an email — and they seem to be selectively answered. So much for transparency, I see.
I DO NOT give investment advice but I strongly suggest anyone looking at this program RUN (don’t walk) the other way. There have even been reports of this site being a phishing site. Please Play Safe!