Hong Kong's Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that 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. Amid the latest additions to the Alert List is…
Read moreHong Kong's Securities and Futures Commission (SFC) is implementing changes to the Code of Conduct for companies it regulates, with the changes to affect Forex brokers too. The new rules will oblige companies to insert an additional clause in client agreements. This clause will allow investors to claim damages if the intermediary is selling or…
Read moreHong Kong's Securities and Futures Commission (SFC) has updated its Alert List, with the latest additions including Forex brokerage IQSFX. The company, offering its services via www.iqsfx.com, provides an address in Hong Kong, which is incomplete, the watchdog says. Furthermore, the name of the company resembles that of IQS Financial Limited, a business entity which…
Read moreThe Hong Kong authorities have shown they are capable of rigid actions against unlicensed Forex companies... The Court of First Instance has granted various interim orders against Maxim Capital Limited (Maxim Capital), an unlicensed investment firm, including freezing all its assets in Hong Kong totalling approximately HK$23.5 million ($3.03 million). The court decision was made…
Read moreHong Kong's Securities and Futures Commission (SFC) has updated its Alert List, which includes the names of investment companies that are not authorized to target Hong Kong investors but have been identified to do so. The latest addition to the Alert List is CMIS Global Limited / CMIS Trader, a company offering a range of…
Read moreThe new three-year term of Mr Tong comes into effect on October 20, 2015.
Read moreThe company is not licensed to offer investment services to Hong Kong residents but is targeting such clientele, the Securities and Futures Commission warns.
Read moreThe watchdog notes that such entities often use names similar to legitimate companies in order to confuse investors more easily.
Read moreThe Forex brokerage, which claims to have addresses in New Zealand and Hong Kong, is not authorized to target Hong Kong investors, the Securities and Futures Commission (SFC) warns.
Read moreThe number of applications the regulator received in the April-June 2015 period was 15.1% higher than a year earlier, signalling high interest in the regional market.
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