Hong Kong SFC Warns Against HCF Financial Service

Hong Kong’s watchdog expanded its warning list of unregulated entities to add a new brokerage firm.

Hong Kong’s Securities and Futures Commission (SFC) has added HCF Financial Service Limited to its warning list of unregulated entities, according to a SFC statement.

HCF Financial is operating from the site www.hcfservice.com, and lists its address at Ground Floor, International Finance Center, Central, Hong Kong. However, SFC said the company’s Hong Kong address is incomplete.

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The aforementioned website appears to be down around time of publication but a cached version of the site was snapped by Google as late as July 27th, and it shows the site under maintenance.

It’s not clear if the site was taken down as a result of the warning or leading up to it. However, cached versions of the url describe the company’s offerings which include managing three exchange‐traded funds that invest in domestic equities (FWDD), international equities (FWDI) and bonds from around the globe (FWDB).

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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 or claim to have an association with Hong Kong.

Earlier this month, Finance Magnates reported on the SFC when the regulator banned a licensed employee at Xiu Futures Company Limited from re-entering the industry for two years for conducting unauthorized trades in a client’s account.

 

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