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Special Alerts

SA-56-2008
March 12, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Western Mutual Securities – Not a Schedule 1 Bank or Federally Regulated Financial Institution
Summary: The Office of the Superintendent of Financial Institutions of Canada has issued a Warning Notice stating that Western Mutual Securities and Trust Company, Toronto, Ontario, Canada, is not a Schedule 1 Bank or a federally regulated financial institution.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached “Warning Notice” (Issue No. 80), which states that Western Mutual Securities and Trust Company is not a Schedule 1 Bank or a federally regulated financial institution. The following is information about this entity:

Corporate Office:
200 Bay Street
Suite 1212 (NOTE: There is no such suite number at this address.)
Toronto, Ontario M5J 2J3

Telephone: 416-856-9337 (NOTE: This is a cell phone number.)

Fax: 647-436-1368

Web address: http://www.wmtsc.com/aboutus.htm

To report information concerning this entity, please contact Phonebusters, which is a joint partnership between the Ontario Provincial Police and the Royal Canadian Mounted Police. In addition, Phonebusters is interested in receiving copies of scam letters, particularly those involving Canadian mailing addresses or telephone numbers. Records relating to the payment of advance fees should also be forwarded to Phonebusters. This information is used to assist in the strategic targeting of would-be fraudsters.

Scam letters should be forwarded to the Phonebusters National Call Center (PNCC) as follows:

Mail: Box 686
North Bay, Ontario, Canada
P1B 8J8
Web site: www.phonebusters.com
Telephone: +1 (888) 495-8501 (toll-free in Canada and the USA)
Fax: +1 (888) 654-9426 (toll-free in Canada and the USA)
E-mail: info@phonebusters.com
Advance fee fraud (" Nigerian") letters: wafl@phonebusters.com

A cumulative list of entities on previous Warning Circulars, Notices or Advisories is available on OSFI’s Web site at: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166.

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.

Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2008/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (Can be found at: http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_80_e.pdf (PDF Help).)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 1-877-275-3342 or 703-562-2200).




Last Updated 3/12/2008 communications@fdic.gov