Alert List

The Alert List is a list of entities which have come to the attention of the SFC because they 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. You can either search by name or by type to check whether an entity is already on the list. This is not a comprehensive list and new names are coming to our attention all the time. We will add to the list as we hear of new names. If you have been contacted by an unlicensed firm, it would be of assistance to the SFC if you would provide information on your dealings with that firm by completing our online complaint form.

For further information on boiler rooms, scam websites and phishes, please follow the links.

Note: The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.

Please view the list by selecting the first alphabet that starts off the name of each entry or the sub-group labelled “Chinese” for entities bearing only Chinese names:

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Explanation (Click for details):
Search tips:

This is a keyword search based on exact phrases. To facilitate searching, please only enter the keywords "AAA" in the search field when searching for "AAA Co", "AAA Company", "AAA Ltd", "AAA Limited" or "AAA Inc".

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Chinese Others
Company name Type Add date
I AM HOLDINGS LIMITED / I'm pro Unlicensed entities 26 Mar 2019
IBC Capital Limited Unlicensed entities 19 Jul 2016
IBC Financial Unlicensed entities 5 Jun 2020
IBG Capital Partners Unlicensed entities 14 Aug 2017
IC Markets Hong Kong Unlicensed entities 12 Jul 2013
ICAP Europe Ltd Unlicensed entities 22 Jul 2011
ICIC International Unlicensed entities 22 Aug 2018
iCoption Unlicensed entities 9 Jan 2017
Idelson Group Unlicensed entities 22 May 2013
IEA Holdings Ltd Unlicensed entities 30 Aug 2016
IEC International Unlicensed entities 13 Mar 2020
IFD Consulting Limited Unlicensed entities 19 Nov 2018
IFDC Capital Management LLC Unlicensed entities 5 Oct 2020
IFIG Asia Suspicious websites 4 Nov 2016
IGK Broker Limited Unlicensed entities 20 Mar 2014
ILA International Unlicensed entities 18 Jun 2020
Imperial Asset Management Limited Unlicensed entities 31 Jan 2002
Imperial Capital Corporation Limited Unlicensed entities 10 Oct 2017
Imperial Equity Holdings Unlicensed entities 21 Aug 2017
Imperial Trust LLC Unlicensed entities 10 Aug 2006
Impex Consult Financial & Consulting Group Suspicious websites 5 Mar 2007
IN Commodities Unlicensed entities 11 Aug 2011
In-Capital Unlicensed entities 7 Nov 2011
Incipit Capital International Group Unlicensed entities 28 Sep 2018
Index Easy Suspicious websites 14 Sep 2009
Innova Equity Unlicensed entities 21 Feb 2006
Innovative Consulting Inc Unlicensed entities 22 Mar 2004
Institutional Equity Partners Unlicensed entities 18 Jul 2011
Insun Forex Unlicensed entities 10 Feb 2021
Inter Global Equity Unlicensed entities 7 Jan 2014
Inter Markets Service UK Limited / IMS FX Ltd Unlicensed entities 28 Feb 2018
Interactive Trade Unlicensed entities 2 Jun 2011
Intereast Securities Ltd Unlicensed entities 22 Jul 2011
Intergrated Hui Tong Trading Co Ltd / Intergrated Hui Tong Co Ltd Unlicensed entities 1 Nov 2016
Intermediate Capital Group – Millennium Capital Management Ltd Unlicensed entities 11 Jul 2017
International Asset Management Co, Ltd Unlicensed entities 19 Apr 2001
International Corporate Advisors Unlicensed entities 25 Apr 2013
International Court of Finance Unlicensed entities 23 May 2011
International Equities Organization Fake regulators and/or market operators 6 Nov 2009
International Financial Committee Hong Kong Fake regulators and/or market operators 19 Aug 2010
International Financial Court Fake regulators and/or market operators 10 Oct 2011
International Financial Court (IFC) Hong Kong Fake regulators and/or market operators 15 Nov 2012
International Futures Channel Integrated Service Provider Suspicious websites 17 May 2018
International Investor Commission Fake regulators and/or market operators 23 May 2011
International Investor Protection Coalition Fake regulators and/or market operators 15 Mar 2013
International Leaders Capital Unlicensed entities 21 Sep 2017
International Mergers Authority Fake regulators and/or market operators 28 Feb 2012
International Options Management Unlicensed entities 28 Jul 2004
International Options Trading Limited Pty Unlicensed entities 8 Dec 2004
International Public Shareholders Protection Services Unlicensed entities 20 Apr 2005
International Securities & Assets Recovery Committee Unlicensed entities 28 Feb 2012
International Securities & Futures Commission Fake regulators and/or market operators 22 Oct 2010
International Securities Exchange Commission Fake regulators and/or market operators 10 Aug 2010
International Securities Registry Fake regulators and/or market operators 14 Feb 2011
International Securities Tax Commission Unlicensed entities 10 Aug 2006
International Trade Oversight Committee Unlicensed entities 12 May 2010
International Trading Unlicensed entities 9 Nov 2017
International Wealth Management Unlicensed entities 16 Jul 2007
Invest Consulting Group Limited Unlicensed entities 24 Jun 2021
Investam HK Unlicensed entities 9 Feb 2021
Investex Unlicensed entities 17 Feb 2010
Investment & Finance China Alliance Limited Unlicensed entities 4 Jul 2019
Investment Capital and Financial Regulatory Services Fake regulators and/or market operators 17 Jun 2020
Investment Management Co. Pty Ltd Unlicensed entities 6 Oct 2020
InvestTechFX Unlicensed entities 5 Nov 2012
IOC Group Limited Unlicensed entities 7 Feb 2014
Iontrack Limited Unlicensed entities 18 May 2005
IPC Capital Unlicensed entities 26 May 2016
IRS & Partners Unlicensed entities 25 Mar 2009
Irvine North Credit Union Suspicious websites 28 Jul 2004
Irving Horowitz Mergers and Acquisitions Unlicensed entities 29 Dec 2005
ITB Limited Unlicensed entities 24 Mar 2003
ITSSO Co., Limited Unlicensed entities 25 Aug 2016
Izumi Ventures Unlicensed entities 8 May 2017
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

Suspicious websites

Dubious websites may offer too-good-to-be-true investment opportunities (e.g. pre-IPO stocks of fabricated companies sold at huge discounts, or funds with guaranteed multiple returns) that do not actually exist. Alternatively, such websites may be fraudulent copycat websites imitating the websites of reputable financial institutions to lure investors to part with their money and/or disclose personal information that the fraudsters may later use to swindle investors.

Do not respond to investment website offers unless you are sure of the legitimacy of the entity.

Phishes

Phishes usually imitate legitimate financial institutions to despatch emails to entice recipients to disclose their credit card / bank account numbers and passwords / Personal Identification Numbers (PINs). If you provide this information, you may find your account is drained of money.

Most legitimate banks will never email you asking for your details or PIN. If in doubt, contact your bank directly.

Fake regulators and/or market operators

Creating a fake regulator and/or market operator website is one of the tricks used to deceive unwary investors into thinking that certain unauthorised financial institutions or intermediaries listed on that website are supervised by a real regulator and that they conduct their trades through a recognised market operator (e.g. stock exchanges). The scamsters create a website for a non-existent financial regulator or market operator with a plausible name. Such a website is usually sophisticated and often contains up-to-date financial news to create a false impression of authenticity. In fact, no such financial regulator or market operator exists under that name.

To check whether a financial regulator and market operator really exists, see the member lists of the International Organization of Securities Commissions and the World Federation of Exchanges respectively.

Others

Last update: 3 Oct 2020

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