News & Warnings

William Paulstern / Camdan Limited


The Financial Services and Markets Authority (FSMA) warns the public against the activities of William Paulstern, a company that offers investment services.

William Paulstern is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium.

Moreover, according to the information available to the FSMA, the activities proposed could be of a fraudulent nature, i.e. boiler room fraud. More information on this form of fraud is available in the general warning published by the FSMA on 9 February 2017.

The FSMA thus strongly advises against responding to any offer of financial services made by William Paulstern and against transferring money to any account number it might mention.

William Paulstern uses the website, the email address and the phone number + 852 5808 6701. It claims to have its registered office in Hong Kong (1008, Tai Nan West Street, Chung Sha Wan / Lai Chi Kok, Kowloon).

This firm has already been the subject of a warning by the Hong Kong supervisory authority (SFC), dated 23 December 2016. According to that warning, William Paulstern appears to use a bank account opened in the name of Camdan Limited.

If you wish to check in general whether a proposed transaction complies with the financial regulations, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA directly using our contact form.