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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 are:
Central Option, a binary options broker which apparently lists on its website a Hong Kong address. The SFC notes that the address given by Central Option is incomplete, and is therefore likely fictitious. LeapRate readers will recall that Central Option was the broker caught cold calling a regulator in Canada, trying to convince him to open an account and that the company had an office in Toronto, which was also fictitious.
Momentum FX, an online forex broker which provides on its website a Hong Kong address but it is not located there.
Sachs International, a commodities broker which uses a bank account in Hong Kong in the name of Citadel Consultancy Ltd to facilitate settlement.
Union Markets Limited which operates website fxum.com. The company is apparently associated with Singliworld HK Pte Limited, another unlicensed company on the Alert List.
The SFC Alert List can be seen here.