Just a warning about what may be a scam - I have recently been contacted a number of times by phone by a person claiming to be called Thomas Schwartz who says he works for Fidelity Investments the sales pitch goes like this:
Thomas offers to facilitate a purchase of shares on my behalf by reserving the shares at their current price, then if the shares go up you can go ahead with the purchase or pull out of the sale. If you agree to reserve the shares a "compliance officer" then gives you a call to confirm your address and the share deal details. You then receive some documentation from a company called Buckeye Facilitation Inc (no mention of Fidelity on the paperwork) with a purchase contract and a request to wire funds for the purchase of the shares. The small print of the contract states that the purchase is governed by the laws of the British Virgin Islands with exclusive jurisdiction of this territory - I have tried to locate "Buckeye Facilities Inc" on google but there is no data whatsoever for this firm, all the contact numbers that these persons use are private numbers and the whole thing stinks of a scam, I'm fairly sure that if I wired the money I would either never see it again or else I am being sold worthless shares.
I have contacted Fidelity Investments to see if they have ever heard of Thomas Schwartz or Buckeye and I'll let you know their response in my next posting, in the meantime I would recommend anyone who is contacted by Mr Swartz or anyone offering a similar service to do a bit of research before parting with any money.
Thomas offers to facilitate a purchase of shares on my behalf by reserving the shares at their current price, then if the shares go up you can go ahead with the purchase or pull out of the sale. If you agree to reserve the shares a "compliance officer" then gives you a call to confirm your address and the share deal details. You then receive some documentation from a company called Buckeye Facilitation Inc (no mention of Fidelity on the paperwork) with a purchase contract and a request to wire funds for the purchase of the shares. The small print of the contract states that the purchase is governed by the laws of the British Virgin Islands with exclusive jurisdiction of this territory - I have tried to locate "Buckeye Facilities Inc" on google but there is no data whatsoever for this firm, all the contact numbers that these persons use are private numbers and the whole thing stinks of a scam, I'm fairly sure that if I wired the money I would either never see it again or else I am being sold worthless shares.
I have contacted Fidelity Investments to see if they have ever heard of Thomas Schwartz or Buckeye and I'll let you know their response in my next posting, in the meantime I would recommend anyone who is contacted by Mr Swartz or anyone offering a similar service to do a bit of research before parting with any money.