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Hong Kong’s Securities and Futures Commission (SFC) has today added Daikyo Brokerage Ltd to its Alert List. The latest addition is part of the regulator’s efforts to stamp down on unlicensed entities soliciting their services to the public in Hong Kong.
Daikyo Brokerage, which operates online via www.daikyo-brokerage-limited.com, offers a range of investment services, including trading in stocks and derivatives. According to its website, the firm claims to be based in Japan.
The unlicensed broker is reported to use a bank account in Hong Kong in the name of PVSS Holdings Limited for settlement. The SFC has cautioned the public to be ... (read more)