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The Hong Kong financial regulatory authority, the Securities and Futures Commission (SFC), has issued a warning against 3 financial services companies for carrying on FX and finance related business in without licenses.
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The first company is called Escuela Trades. According to the SFC, it claims to be an FX broker with an address in Hong Kong. It does not reside at its claimed address. A perusal of its website (www.escuelatrades.com) shows that it has several managed account ... (read more)