Hot For U.S. Stocks, Foreigners Get Burned In Regulatory Limbo

Number 20469
Subject Stocks And Bonds
Source Wall Street Journal (New York)
State NY
Year 2000
Publication Date August 16
Summary The prospect of investing in American stocks is a tempting option for Europeans and other internationals. But beware, says the WSJ, for a stock brokerage company called International Asset Management (IAM) is busy duping novice investors by selling them obscure shares. To worsen matters even the regulatory bodies refuse to cooperate. The report includes accounts by rookie investors in Dublin, Australia and Zurich who have been cheated by IAM and its various other affiliates elsewhere.
Category General
Pages 3
Keywords Shares;stocks;Securities and Exchange Commission;brokers;International Asset Management
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