Finanstilsynet (the Financial Supervisory Authority of Norway) warns against investment offers promoted by Alkon Financial Consultancy Group Pte. Ltd. (Alkon Financial Group)
Finanstilsynet has been informed that Alkon Financial Group, operating from addresses in Singapore and Switzerland, has approached Norwegian investors offering investment services. The company also offers services from a website: https://www.alkonfg.com/
Alkon Financial Group informs the investors that the company is supervised by the Singaporean and Swiss financial supervisory authorities. Finanstilsynet has contacted the financial supervisory authorities in Singapore and Switzerland, who refute that Alkon Financial Group is registered in their register for authorised investment services providers. Finanstilsynet would like to emphasise that the provision of investment services in Norway, on a cross-border basis, also requires an authorisation pursuant to the Securities Trading Act. Alkon Financial Group is not authorised to provide investment services in Norway, and therefore lacks the authorisation required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Alkon Financial Group.
Finanstilsynet's registry gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without an authorisation can be found on Finanstilsynet's website.