Lehman Brothers & Associates Corp.
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Date:
2009-06-05
Contact:
180 Gatineau Ave., Suite #200
Montreal, Quebec H3T 1W9
Telephone: (514) 409-2300
www.lehmanbrotherscorp.com (link no longer operational)
Background:
In May 2009, representatives of Lehman Brothers & Associates Corp. solicited British Columbia residents who owned low-value shares of another company and offered to buy those shares for far more than their market value. To complete the transaction, investors were asked to pay a refundable fee in advance, as a "security deposit", and wire it to an offshore bank account.
Lehman Brothers & Associates Corp. is not registered in British Columbia to trade in, or advise on, securities and exchange contracts.
On April 9, 2009, the Autorité des marchés financiers, in Quebec, issued a press release warning the public about Lehman Brothers & Associates Corp. and other persons.
On April 15, 2009, the Saskatchewan Financial Services Commission issued a Temporary Order against Lehman Brothers & Associates Corp. and others, and, on April 30, 2009, it issued an Extending Order extending the Temporary Order.
The Danish Financial Supervisory Authority has also issued a warning about Lehman Brothers & Associates Corp.
Supporting Documents:
- Autorité des marchés financiers: Press Release - April 9, 2009
- Saskatchewan Financial Services Commission: Press Release
- Saskatchewan Financial Services Commission: Temporary Order - April 15, 2009
- Saskatchewan Financial Services Commission: Extending Order - April 30, 2009
- Danish Financial Supervisory Authority: Warning