SFC Issues Warnings About FXGlobal1 And Wing Fung Financial Group
Posted: Tue Jun 28, 2016 10:32 am
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has today updated its Alert List, featuring the names of businesses that are unlicenced in Hong Kong and are believed to have targeted Hong Kong investors or made claims to be associated with Hong Kong.
Unlicenced Entity
In the first instance, the SFC has added retail forex broker FXGlobal1, which operates using the website www.fxglobal1.com. According to the regulator, FXGlobal1 has been using a bank account in Hong Kong in the name of Expert Capital Ventures Limited for settlement and warns that unlicenced entities often use names similar to legitimate companies to ... (read more)