FRAUD ALLEGED AT SWISS BANK; THE BANK HAS A REPRESENTATIVE OFFICE IN MIAMI

An alert from Europe, regarding a Swiss bank that maintains a representative office on Brickell Avenue in Miami, has been brought to our attention. Geneva's Banque Syz SA (Bank Syz), has reportedly been subject to fraud, involving an independant asset manager for which it acted as custodian agent. The asset manager has been identified as Compass Finance, which allegedly invested clients' complete portfolio on options. There is no additional confirmed information available at this time.