Hong Kong’s SFC Warns Investors on Ephraim Global
- Ephraim Global has made the SFC's watch list as an unlicensed entity operating in the country.
Hong Kong’s Securities and Futures Commission (SFC), an independent statutory body set up to help police the country’s domestic securities and futures market, has updated its Alert List with another unlicensed financial group, having warned on Ephraim Global, according to an SFC filing.
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Presently, the SFC’s comprehensive Alert List features the names of businesses that are unlicensed in Hong Kong and which are also believed to have targeted Hong Kong investors or made fraudulent claims to be associated with Hong Kong. The addition of Ephraim Global (www.ephraimglobal.com) brings to light the group’s presence as an unlicensed financial entity that should be avoided.
Typically, unlicensed entities utilize names similar to legitimate companies in hopes of hoodwinking would-be investors. Such scams are prevalent across virtually every regulatory jurisdiction, which subsequently has necessitated counter efforts from regulators such as the SFC, UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), and the National Futures Association (NFA) in the US.
Ephraim Global operates is presently listed on the Investor Alerts Portal of the International Organization of Securities Commissions, which uses a Hong Kong bank accounts in the names of Boltin Limited and Hamberg Limited for settlement. The company itself claims to be an asset manager that also provides Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, reporting, and portfolio management solutions.
Hong Kong’s Securities and Futures Commission (SFC), an independent statutory body set up to help police the country’s domestic securities and futures market, has updated its Alert List with another unlicensed financial group, having warned on Ephraim Global, according to an SFC filing.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Presently, the SFC’s comprehensive Alert List features the names of businesses that are unlicensed in Hong Kong and which are also believed to have targeted Hong Kong investors or made fraudulent claims to be associated with Hong Kong. The addition of Ephraim Global (www.ephraimglobal.com) brings to light the group’s presence as an unlicensed financial entity that should be avoided.
Typically, unlicensed entities utilize names similar to legitimate companies in hopes of hoodwinking would-be investors. Such scams are prevalent across virtually every regulatory jurisdiction, which subsequently has necessitated counter efforts from regulators such as the SFC, UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), and the National Futures Association (NFA) in the US.
Ephraim Global operates is presently listed on the Investor Alerts Portal of the International Organization of Securities Commissions, which uses a Hong Kong bank accounts in the names of Boltin Limited and Hamberg Limited for settlement. The company itself claims to be an asset manager that also provides Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, reporting, and portfolio management solutions.