LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
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 asset management company Cunningham Mutual, operating at cunningham-mutual.com.
According to the SFC, the company is unlicensed and its Hong Kong address is incomplete. It uses bank accounts in Hong Kong in the name of Leston Limited, Peredic Limited, WB Capital Holdings Limited, CTPP Investment Limited, United Equity Clearing Limited, Elantra Limited, Protop Finance Limited and Asicon Trading Limited for settlement. The company is apparently associated with Lambert and Sons Incorporated, another unlicensed entity on the Alert List.
The SFC Alert List can be seen here.