Hong Kong's SFC Adds IBG Capital Partners to Alert list

The financial regulator of Hong Kong, the Securities and Futures Commission (SFC), has updated its alert list with the addition of IBG Capital Partners as an 'unlicensed entity'. The entity is believed to be offering financial solutions to investors in Hong Kong without the proper regulatory approvals.

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The website (ibgcapitalpartners.com) of the entity offers different risk and investment-related solutions for different sectors and claims offices in Hong Kong, China, Taiwan and Tokyo. On further investigation by the SFC, the Hong Kong address listed on the website was found to be fictitious.

For financial transactions and settlements, the company uses a Hong Kong bank account under the name Carvani (Hong Kong) Group Co. Limited. Unlicensed entities often use dubious means to scam investors.

Market regulators around the world are updating their lists of companies involved in investor scams, clones of legitimate companies and other such similar crimes, in an effort to build a strong investor protection mechanism.

Awareness and strict Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term has become a feature of almost all jurisdictions over the past couple of years, helping to tighten regulatory mechanisms around the world in a bid to protect gullible investors and traders.