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Screenshot of a breaking news alert e-mail from Q2 2017
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.
Added to the SFC Alert List is the company Ashton Cole Global/ Ashton Cole Global Investments / AC Global Investments, operating at www.acglobalinc.com.
According to the SFC, Ashton Cole Global/ Ashton Cole Global Investments / AC Global Investments gives a certain Hong Kong address but it is not located there. The company uses bank accounts in Hong Kong in the names of Cinemax Investment Ltd, Best Crown Asia Investment Ltd and Hong Kong Weimeite International for settlement. It is apparently associated with Mong Company Ltd, another unlicensed entity on the Alert List.
The SFC Alert List can be seen here.