SFC Received Record Complaints for Scams, Fraud and Market Conduct in 2017
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SFC Received Record Complaints for Scams, Fraud and Market Conduct in 2017
The Securities and Futures Commission (SFC) published its annual report for 2017-2018 today. It showed the regulator received a record number of complaints from investors on the Stock Exchange of Hong Kong Limited and the Hong Kong Futures Exchange limited in regards to market misconduct, scams and unlicensed activities.
According to the report, the SFC received 186 complaints regarding scams and fraud, an increase of 54 complaints from the previous year. Market misconduct complaints rose by more than 100, to 322. In total, complaints against intermediaries and market activities were up by 357 compared to the 2016-2017 report ... (read more)
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