Thursday, June 23, 2005

Langley Advisory

Langley Advisory are a boiler room, cold calling investors in the UK offering stocks in Companies which have restricted (regulation S) shares. These shares cannot be sold to the American investors, so then why to the UK?

The fact of the matter is that Langley Advisory have an investment
fraud
alert at the FSA. This, however, does not stop them from claiming victims. They have been selling stocks in a Company called General Components Inc, a company which in its annual report claimed that they did not have enough funds for the following 12 months.

A company in trouble offers rich pickings to boiler rooms who will use a very hard sell, whilst withholding very pertinent information. Such entities often for the staple diet of a boiler room. More information will be posted in due course on Langley Advisory, but any potential investor would be well advised to exercise extreme caution when dealing with these people.

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