Hong Kong - SFC Regulation News

View below the latest regulation forex news from the Hong Kong Securities and Futures Commission (SFC), the forex regulatory authority in Hong Kong.

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SFC Warning against OSG Forex

5 Oct 2017, Hong Kong - AtoZ Forex - The Hong Kong financial regulatory authority has been regularly issuing warnings against fraud companies to the investors. Keeping a close eye on forex brokers, SFC warning against OSG Forex is its latest efforts to block scam. The Securities and Futures Commission (SFC) of Hong Kong has made an addition to its alert list to protect its investors from a scam. In its latest warning against unlicensed FX brokers, . . .

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Hong Kong's SFC Halts Activities of IDS Forex HK, Suspects Money Laundering

12 Jun 2017, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it or held on behalf of its clients, and assisting, counselling or procuring another person to dispose of or deal with any such property without . . .

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Hong Kong's SFC Warns Investors Against Forex Broker Metis Etrade

27 Apr 2017, Hong Kong - Finance Magnates - SFC keeps investors informed by drawing attention to suspicious operations and unregulated entities. Hong Kong's Securities and Futures Commission (SFC) today updated its Alert List with the addition of another brokerage found to be offering forex trading services to the public without being authorised to do so, according to a SFC statement.

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Hong Kong SFC Adds Juno Markets to its Alert List

18 Apr 2017, Hong Kong - LeapRate - Hong Kong's financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List is the company Juno Markets/ Juno Markets Limited, operating at www.junomarkets.com.

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AAFX Trading Isn't Regulated in Hong Kong, Warns SFC

29 Mar 2017, Hong Kong - Finance Magnates - The SFC is clamping down on unauthorised investment providers, saying investors should go for regulated brokers instead. The Securities and Futures Commission (SFC), Hong Kong's paramount securities and financial markets regulator, has issued a warning on AAFX Trading Capital for suspicious activity, according to an SFC statement. AAFX Trading Capital / AAFX Trading Company Ltd, which operates through . . .

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SFC Reprimands and Fines GMO-Z.com Forex HK Limited $1.6 Million

9 Feb 2017, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) has reprimanded and fined GMO-Z.com Forex HK Limited (GMOHK) $1. 6 million for deficiencies in its order execution and slippage handling procedures, and failures in its electronic trading system for leveraged foreign exchange contracts (Note 1). In August 2016, the SFC and GMOHK jointly engaged an independent reviewer to . . .

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Blackwell Global Acquires Double SFC Licences to Offer Securities and Futures Trading Services

28 Dec 2016, Hong Kong - Blackwell Global Press Release - Hong Kong-China stock connect a boost to the multi-asset brokerage. International forex and CFDs brokerage Blackwell Global announces today the acquisition of 2 new licences issued by the Security and Futures Commission (SFC; Securities Licence No. BGX296 and Futures Licence No. BGX460. ) in Hong Kong, permitting the brokerage to offer securities and futures contracts to both Hong Kong . . .

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One Financial Markets' Growth Continues with New Office and Regulatory Status in Hong Kong

30 Nov 2016, Hong Kong - FinanceFeeds Press Release - British electronic trading company One Financial Markets has today announced its new Securities and Futures Commission (SFC) regulatory status in Hong Kong, further cementing the company's footprint in the Asia-Pacific region. Following successful regulatory approval from the SFC, One Financial Markets has been granted permission to establish a new flagship office in Hong Kong, which will . . .

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Hong Kong SFC Reprimands and Fines FXCM Asia Limited HK$4 million

19 Oct 2016, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) trading (Notes 1 & 2). An SFC investigation found that from December 2006 to December 2010, HK FXCM and . . .

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Hong Kong's SFC Launches Review on Brokers' E-trading Platforms

13 Oct 2016, Hong Kong - SMN Weekly - The Securities and Futures Commission (SFC) of Hong Kong issued on Thursday a statement, informing that it is checking on the security processes of brokers' online trading systems. The regulator has launched a review to assess the cybersecurity preparedness, compliance and resilience of brokers' internet and mobile trading systems. The findings will show whether brokers are effective in preventing and . . .

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SFC AML Concerns: Forex Brokers are Urged to Update Controls

22 Sep 2016, Hong Kong - AtoZ Forex - SFC AML concerns are raised, as the Enforcement Division of Hong Kong's Securities and Futures Commission executes an investigation around a number of licensees' anti-money laundering internal control systems. What is the next step? The Enforcement Division of Hong Kong's Securities and Futures Commission (SFC) has announced the fact of investigation around a number of cases of SFC-licensed brokerages with . . .

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SFC Warning against Trading Banks

12 Sep 2016, Hong Kong - AtoZ Forex - Trading Banks, the Forex and CFDs service provider, is blacklisted by another regulator. As SFC warning against Trading Banks published this morning, we reach out to the firm's officials. Why was Trading Banks red flagged? Trading Banks operates online via the website http://www.tradingbanks.com. The company claims on its website that:"Trading Banks is a brand owned and operated by ST World Trade Inc. , a . . .

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ADS Securities Expands to Full-service Brokerage in Hong Kong with SFC Type 1 & 2 Licenses

7 Jun 2016, Hong Kong - LeapRate - ADS Securities, the Abu Dhabi-based international financial services firm, has announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses permitting the company to deal in both securities and futures contracts, ADS Securities Hong Kong Limited will expand its business from pure FX to a . . .

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SFC Reprimands and Fines Guotai Junan Securities(Hong Kong) Limited $1.3 Million

30 May 2016, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) has reprimanded and fined Guotai Junan Securities (Hong Kong) Limited (Guotai Junan) $1. 3 million for non-compliance with the regulatory requirements in relation to ascertaining client identity (Note 1). In July 2014, the SFC requested Guotai Junan to provide details of the ultimate clients of certain transactions it . . .

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