LeapRate has learned that Retail FX broker Juno Markets has been removed from Hong Kong Financial regulator SFC’s Alert List. The Alert List is a compilation of entities which have come to the attention of the SFC because they 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.
Also removed from the SFC Alert List was Armor Asia Limited, a company associated with Juno Markets.
Both Juno Markets and Armor Asia were added to the SFC Alert List in April 2017.
Juno Markets is an offshore (Vanuatu incorporated) Retail FX broker.
Arthur Le, Juno Markets CEO, commented to LeapRate on the matter:
While we appreciate the regulator’s efforts to protect the public’s best interest, we have always felt that Juno Markets was wrongly added to the SFC watchlist. We are pleased to see a correction has been made. Juno Markets has always strived to comply and respect all regulatory requirements in whatever country we have clients.