Hong Kong’s SFC Warns Investors on Three Unregulated Investment Providers

Hong Kong’s Securities and Futures Commission (SFC), the country’s paramount securities regulator, has issued a warning against three financial firms after it was found to be offering its services to the public without being authorised to do so, according to an SFC statement.

The London Summit 2017 is coming, get involved! [gptAdvertisement] CITIC Tokyo International, Entrada Capital and Jacob L. Callan are the latest companies to come under scrutiny by the watchdog for promoting its trading services without a licence. The named brokers are listing addresses at Hong Kong. However, the SFC said that the unregulated firms are not located in the region although some of them may be using the details of a legitimate company to confuse investors.

A brief review of the suspicious companies’ websites reveals that they offer investment services on a wide range of financial instruments, ranging from Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, to asset management solutions. ‎

The SFC routinely warns about such entities and scams operating in Hong Kong, one of the Asia’s paramount financial hubs.

The SFC’s comprehensive Alert List features the names of businesses that have come to the attention of the watchdog 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.