Friedman Holland & Associates, H.B. Management, Southern Cross Mergers and Acquisitions, Voyager Investment Management, Axis Open Source Corporation, Emerson Capital Ltd, Hartman-Benetti & Associates, Lakewood Securities Inc, Aspen Payne Consulting, Pearlstar Corporation

Finansinspektionen, the Swedish supervisory authority, reports that the following companies are offering investment services without the required authorisation: Friedman Holland & Associates, with head office in New York; H.B. Management, with head office in Canada; Southern Cross Mergers and Acquisitions, with offices in Colombia and Hong Kong; Voyager Investment Management, with head office in Malage; Axis Open Source Corporation, with head office in Rumania; Emerson Capital Ltd, with head office in Singapore; Hartman-Benetti & Associates, with head office in New York; Lakewood Securities Inc, with head office in San Diego; Aspen Payne Consulting, with offices in Switzerland, Holland and Italy; Pearlstar Corporation.

(In Consob Informa n. 36/2006 - 11 September 2006)