First Union Finance / www.fufina.com (updated)

The Commission has been contacted regarding the above entity which, it is alleged, has claimed to have an address of 5, Castle Lane, Castletown, Isle of Man, British Isles. The purported entity is reported to be represented by the above website.

The Commission has been unable to identify any such address in Castletown, Isle of Man.

The above entity is not a company incorporated within the jurisdiction of the Isle of Man. It is not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as a business name on the Isle of Man.

The above entity is not licensed by the Commission to undertake any regulated activities in, on or from the Isle of Man.

A list of all institutions licensed by the Commission is available on our website.

T he Commission has established no association between this entity and any genuine Isle of Man companies.

The Commission has established no genuine links between this entity and the Isle of Man.

The Commission notes a strong similarity between the purported name and address of the above entity and of the bogus entity First Unions Securities which was the subject of our earlier Public Warning reference KL/02/2006 issued on 25th January 2006.

Under the circumstances, the Commission would strongly urge persons considering dealing with this entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.

Any persons who are already involved in any dealings with the above entity and have concerns should contact the Enforcement Division on +44 1624 689313 or by email to fsc@gov.im.

Any persons who have paid funds to this entity should consider contacting their local Police Fraud Unit without delay.

FSC Reference: JPM/23/2006

Updated 12th April 2006 to include website details.