Hong Kong’s Securities Watchdog Warns Against Three Unauthorised Firms

The Alert List contains entities which have come to the attention of the SFC due to their unregulated activities.

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.

The London Summit 2017 is coming, get involved!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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.

Suggested articles

New Order & Outlier Ventures To Collaborate On Metaverse-Focused DeFi AppsGo to article >>

Qunyi Dingtong International, which operates through www.qydtgj.com, falsely claims to be a member of the Hong Kong Futures Exchange Limited and HKFE Clearing 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.


Got a news tip? Let Us Know