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…
Read moreHong 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…
Read moreAfter already getting several warnings from different regulators, such as the British Columbia Securities Commission (BCSC) and Hong Kong’s financial regulator the Securities and Futures Commission (SFC), binary options broker Central Option got another warning, this time from the Swiss regulator FINMA. Although this latest warning's got a long way to go to reach the…
Read moreThe Securities and Futures Commission (SFC) wishes to alert members of the public to a warning issued by Lippo Securities Limited on its website about suspected fraud by people impersonating Lippo staff who ask victims to transfer money into accounts falsely claimed to be related to Lippo for investments. A hyperlink to the warning is…
Read moreHong Kong financial regulator SFC has issued a warning regarding Up & Down Marketing Limited, the parent company of binary options broker OneTwoTrade. OneTwoTrade operates from website onetwotrade.com and shows having addresses at Cobalt House, Level 2, Notabile Road, Mriehel, Birkirkara BKR 3000, Malta and 6 Thomas More Street, London, E1W 1 YW, United Kingdom. According…
Read moreHong Kong's Securities and Futures Commission (SFC) has earlier today updated its Alert List, with the latest addition being Crown Star Investment Limited. The company, operating via www.csigrouphk.com, offers a variety of investment services and claims to be regulated by Hong Kong authorities. The SFC says that the company is not licensed and notes that…
Read moreHong Kong's Securities and Futures Commission (SFC) keeps updating its Alert List and today added one more unlicensed entity to it - Galaad Capital Group. Galaad Capital Group, operating from www.galaadcapitalgroup.com, is offering a range of trading services, including Forex services. The company provides the following address: 28th Floor, New World Tower, 16 Queen’s Road…
Read moreThe Securities and Futures Commission (SFC) of Hong Kong has earlier today updated its Alert List, adding two new clones of investment giant BlackRock, Inc. (NYSE:BLK). The websites www.blackrockltccn.com and www.vipblackrockltccn.com belong to companies that misuse the details (such as the name) of the licensed company. In fact, they have nothing to do with the…
Read moreLess than a month after Hong Kong's Securities and Futures Commission (SFC) warned against a number of clones targeting BlackRock, Inc. (NYSE:BLK), the regulator has issued warnings against seven other websites that abuse the details of the investment giant. According to the updated Alert List, which features the names of companies that are not licensed to…
Read moreHong Kong's Securities and Futures Commission (SFC) has been rather active recently in issuing warnings against clone firms of international financial services giants, such as Goldman Sachs Group Inc (NYSE:GS) and BlackRock, Inc. (NYSE:BLK). The rising number of such warnings indicates the growing pace of activity of companies that misuse data of licensed entities in order…
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