Friday, June 6, 2008

BEWARE OF BUYING STOCKS FROM DIRECTOR'S OF WONDERBANKS

PLACING OF CAUTION ON STOCKS BELONGING TO THE DIRECTORS AND PRINCIPAL OFFICERS OF ILLEGAL FUNDS MANAGERS

The Commission has directed all Registrars and the Central Securities Clearing Systems Ltd (CSCS) to place caution on the shares belonging to all the illegal Funds Managers (Wonder Banks) as well as the shares of their directors and principal managers in all quoted companies.

The caution on the accounts will remain in force until the conclusion of the matter which is pending before the Investments and Securities Tribunal (IST).

This action by the Commission is to safeguard the interest of clients of these illegal operators.

This information is supplied by Securities and Exchange Commission

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