Hong Kong based regulatory authority the Securities and Futures Commission (SFC) has issued a warning regarding unauthorized FSHG Capital Investments Limited. The brokerage is also based in Hong Kong, and has been active as a private investment company since 2006.
Make or Break Decision: Finding the Liquidity Provider Thats Best for YouGo to article >>
The broker claims offices at 1301, 1305, and 3705 Bank of America Tower, Suite 770, 12 Harcourt Road, Central Hong Kong. The regulatory body of Hong Kong, however, states that the addresses are invalid, and there are no offices connected to the online investment company at this location. The SFC further notes that the brokerage has a bank account under the same name for settlement purposes. This fact may come in handy for the public if the company changes its name.
Hong Kong’s financial watchdog is alerting the local investment community that this firm is not authorized to offer nor provide any finance-oriented services. Any such action sans an SFC-issued license is a violation of the law in Hong Kong. Clients are strongly advised to refrain from dealing, trading and investing with unauthorized firms, and receiving financial advice or services from them, as there is a serious concern that they could be running or involved in a scam operation.
Recently, the SFC issued a similar warning against IBG Capital Partners, as this firm was also operating in Hong Kong without being authorized by the regulator. In addition, the office addresses registered by the risk and investment services firm in Taiwan, China, Hong Kong, and Tokyo were found to be invalid.