Hong Kong’s Securities Watchdog Warns Against Three Unauthorised Firms

Hong Kong’s Securities and Futures Commission (SFC) today updated its Alert List, adding several brokerage firms after they were found to be offering financial services to the public without being authorised to do so, according to a SFC statement.

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Ebond Securities LLC, Qunyi Dingtong International and Imperial Equity Holdings are the latest companies to come under scrutiny from the watchdog for promoting its investment services without a licence.

The SFC warned that Ebond Securities LLC uses a Hong Kong bank account under the name Ga Tsun Trade Co Limited for settlement. The regulator also said that it is apparently associated with another unlicensed entity on the Alert List.

Qunyi Dingtong International, which operates through www.qydtgj.com, falsely claims to be a member of the Hong Kong Futures Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Limited and HKFE Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Corporation Limited.

The SFC noted that the three unregulated firms are not located in the region although they may be using the details of legitimate companies to fool investors.

Hong Kong’s financial regulator helps keep investors informed by drawing attention to suspicious operations and unregulated entities that market participants should abstain from doing business with.

The Alert List contains 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 and/or claim to have an association with Hong Kong.