Warning against Paramount Financial Group
Finanstilsynet has been informed that Paramount Financial Group (address: Lindengasse 48 1070, Vienna, Austria) has approached Norwegian investors offering investment services. The company also offers services from a website paramountfg.com. Finanstilsynet wishes to make it clear that Paramount Financial Group is not authorised to provide investment services in Norway, and therefore lacks the licence 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 Paramount Financial Group.
Finanstilsynet's registry (www.finanstilsynet.no/registry) gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website (www.finanstilsynet.no/markedsadvarsler/).