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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 Kinetix Exploration Limited.
According to the SFC, Kinetix Exploration Limited’s Hong Kong address belongs to a secretarial company. It uses Hong Kong bank accounts in the names of EFTTE Limited, SAC Holdings Limited and FESM Holdings Limited for settlement. It appears to be associated with Rubin Dunn, the Alden Group, Paragon Advisors, DP Consulting Group, Wising Century Solartech Limited and DA Corporation Partners, other unlicensed entities on the Alert List.
The SFC Alert List can be seen here.