Hong Kong’s SFC Warns Against Fake Clone of Merrill Lynch

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC), the country’s financial regulator, has issued a warning against Merrill Lynch International (HK) Limited, a fraudulent clone posing as Merrill Lynch, an international investment bank with a presence in 75 countries, according to an SFC manifest.

The SFC routinely warns about such scams operating in Hong Kong, one of Asia’s paramount financial hubs. The fake Merrill Lynch is claiming its shares are registered in Hong Kong, but the watchdog says that it is in no way affiliated with the SFC-licensed corporation Merrill Lynch Far East Limited and Merrill Lynch (Asia Pacific) Limited.

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