DC Witter Group – the company describes itself on its own website as a boutique for asset management. DC Witter Group offers its clients a wide range of services in the areas of portfolio management and asset management. In addition, DC Witter Group describes itself as a reliable trustee.
Are you currently a client of DC Witter Group? Or are you considering investing funds in the near future? Then the following questions are undoubtedly elementary for you:
- Are there any experiences of other investors with the financial provider?
- Does the service provider have a licence from a state financial supervisory authority from Europe?
- Is the company to be rated as trustworthy?
Our lawyers working in the field of banking and capital markets law have addressed these issues and prepared the answers in this article.
Table of contents
- DC Witter Group Experience
- Website
- Contact details
- Authorisation
- Warning
- Digression – general tips
- Legal advisers provide information on DC Witter Group
If you are wondering whether DC Witter Group has a serious offer, we are at your disposal and will advise you in case of any uncertainties or difficulties. Please send us your message via our online form. Our lawyers are at your disposal for a free initial consultation.
DC Witter Group Experience
DC Witter Group describes itself on its website as witnessing the pace at which the various nations of Asia have embraced new technologies and grown economically. In addition, DC Witter Group offers investment management advice to Western ex-patriates who hold key positions in industry and finance.
Moreover, Hong Kong-based DC Witter Group has recognised the region’s potential for economic growth and wealth creation. Accordingly, DC Witter Group has expanded its services to meet the demand for independent advisory services among wealthy individuals, families, professionals and entrepreneurs.
In addition, DC Witter Group adheres to best practices and the use of new and innovative techniques that expose clients’ interests to the least amount of risk. That is why it is leading the way in consolidating Asia’s position as the next global wealth hub.
Furthermore, DC Witter Group is neither owned nor influenced by any major parent company, nor is it obliged to recommend the products or facilities of one or more providers over those of others.
DC Witter Group web presence
Details of DC Witter Group’s services can be found on the company’s English language website at URL www.dcwittergroup.com.
Web address
Each HTTP server is marked by a unique numeric code. This so-called IP address allows an internet browser to target hosts in order to retrieve content. Our lawyers have found out the details for the provider DC Witter Group with this result on 9 December 2021: Domain Name: dcwittergroup.com
Registry domain ID: 2560321517_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.godaddy.com Registrar URL: https://www.godaddy.com Updated Date: 2020-09-17T08:21:14Z Creation Date: 2020-09-17T03:21:16Z Registrar Registration Expiration Date: 2024-09-17T03:21:16Z Registrar: GoDaddy.com, LLC
Management
Declaring the responsible actors by name is a sign of transparency. At the time of writing, there are no statements on the website of DC Witter Group regarding the persons responsible for the content.
Is there an imprint?
In Germany, according to §5 of the German Telemedia Act (TMG), there is a basic obligation to provide imprint information. This “labelling” obligation applies to all commercially operated WWW pages. This is because the information is intended to inform the user of a website who is behind the website.
Finally, the address of the website operator plays a role in this context, if legal claims are to be enforced against the operator. Furthermore, the fact that the provision of an imprint also applies to financial providers located abroad who conduct their business activities in the Federal Republic of Germany is relevant here.
In December 2021, no legally binding imprint could be found on the company’s website.
Contact details
What information can be found on the provider’s website?
- Address: 32/F, Vertical Square, 28 Heung Yip Rd, Wong Chuk Hang, Hong Kong
- Telephone: 00852 3008 8952
- E-mail address: info[a]dcwittergroup.com
If there is a dispute, the long distance between the provider and the private investor can make it difficult to clarify. In principle, investors within the European Union enjoy somewhat more security and more opportunities to enforce their rights – also and especially in the case of losses – if necessary with the help of legal assistance.
Which European financial supervisory authorities monitor the company?
As of December 2021, the company does not disclose any supervision by a European financial supervisory authority such as the Comisión Nacional de Mercado de Valores (CNMV, Spain), the Cyprus Securities and Exchange Commission (CySec, Cyprus) or the Financial Conduct Authority (FCA, United Kingdom).
As a result, one should not assume without doubt that the broker is in possession of the necessary authorisations required to conduct business in the European Economic Area.
Official warnings from authorities on DC Witter Group
Warnings are periodically issued by financial supervisory authorities and law firms. This does not automatically mean that fraud is involved in every case. As of December 2021, we had not received any official warning notices from European financial supervisory authorities on the subject of DC Witter Group.
Digression: Rip-offs lure in social media channels
Competition for the first positions on the results pages of search engines like Bing or Google is fierce. Therefore, it is becoming more and more challenging for fraudulent financial providers to make their service noticeable to the public.
Accordingly, they are setting their sights on other opportunities, with social networks in particular in their sights. There, the alleged providers place ads that can be played out in a highly targeted manner thanks to the targeting possibilities of Instagram and Facebook.
Of course, the social networks have now taken machine and human safeguards to avoid ads from scammers. However, this is not always successful. If one clicks on such an advertisement, one is redirected to a website where one is confronted with exaggerated profit guarantees.
The aim of the scammers is to gain the confidence of the financier in order to encourage him to deposit his money. In addition to advertisements, one can also get into a dialogue in which one is to be persuaded to register with a Ponzi scheme, i.e. a fraudulent pyramid scheme.
In doing so, one buys participation and participates proportionally in the payments of later members. However, there are rarely any real traded goods; it is all about a self-feeding system.
In addition, there are other scams such as the use of bots, i.e. automatic conversation partners that disguise themselves behind a profile. Such an artificial conversation usually results in the recommendation of a special online broker that offers favourable conditions and fabulous surplus prospects.
DC Witter Group – lawyers advise investors on losses
In the event of losses, you should immediately refrain from injecting additional funds. Rather, you should first discuss with the financial provider why losses occurred and whether there are possibilities of action to compensate for these losses. Would you like to discuss the company DC Witter Group with us?
In this case, our lawyers are ready to provide you with information.