Scam bam!

[manho]

I purchased some new shares last December. I realised I have been cheated when I received the share certificate. My name was incorrect, and the share value was different for the price I paid for. Now, I am in Asia and unable to contact the company at all. I have been scammed? What should I do to get this company? It is still publicly 'seen' on the net!! HELP!!

ManHo

 

[ALawyer]

Did you by them from the company? Write to the company and demand a claification and then to the SEC or the NASD or the state securities administrator. Read securities Law on FreeAdvice. Or did you buy them thru a broker? See broker disputes. It largely depends on who sold them to you and what documents they gave you.

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This is intended as general information only and NOT LEGAL ADVICE. You are not my client, and I have no obligation of any kind to you. To retain a lawyer, go to http://AttorneyPages.com

 

[manho]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by ALawyer:
Did you by them from the company? Write to the company and demand a claification and then to the SEC or the NASD or the state securities administrator. Read securities Law on FreeAdvice. Or did you buy them thru a broker? See broker disputes. It largely depends on who sold them to you and what documents they gave you.
<HR></BLOCKQUOTE>

 

[jdlessley]

As a registered representative I can tell you you do have someone out there you can talk to. First of all follow ALawyer's advice and file a complaint with the company or broker who sold the securities to you. They are required under the NASD and SEC to respond to your complaint in an expeditious manner.
If they do not get you an answer that satisfies you, contact the NASD or SEC directly. Both have web sites that further direct you to your best point of contact.
In most cases unsettled complaints are resolved by arbitration.
A word of warning. Not all offers for securities on the Internet are legitimate or legal. Since people started selling goods and services over the web there have been a considerable number of unscrupulous practices in the trade and sale of securities. Both the SEC and NASD are cracking down on them. However, until the web is fully compliant with the rest of the securities industry there will be plenty of opportunity to stumble into illegal or unscrupulous offers or sales.