Hong Kong SFC Adds XTrade to Alert List, Brokerage Denies any Wrongdoing

[kreslik.news]

The regulatory authority which is supervising the financial market services providers in Hong Kong, the Securities and Futures Commission (SFC) has issued a warning for citizens residing in the special administrative region of China that Trade has been targeting clients in its jurisdiction.

The warning has been issued today with the firm’s name appearing on the official “Alert List” compiled by the SFC. The list in question is comprised of entities which the Hong Kong regulator has outlined as unlicensed in Hong Kong and are “believed to be, or to have been, targeting Hong Kong investors or claim to have an ... (read more)