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
Nakamura Capital Group Unlicensed entities 17 Jan 2006
Narsq Futures Limited Unlicensed entities 22 Apr 2021
NaviCom International Investment Unlicensed entities 6 Aug 2019
NCA International Holdings Limited / Noble Capital (Asia) Limited Unlicensed entities 18 Jul 2013
NCL Group (UK) Ltd Unlicensed entities 21 Aug 2013
Neilson Capital Unlicensed entities 22 Jul 2014
Nelson Burke Holdings Limited Unlicensed entities 15 May 2007
Network Worth Incorporated Unlicensed entities 8 May 2018
Neutra Limited Unlicensed entities 2 Mar 2015
New Times Capital (HK) Ltd Unlicensed entities 19 Apr 2010
New York Regulatory Division Fake regulators and/or market operators 7 Feb 2018
New Zealand Xinlong gold group co., Ltd. Suspicious websites 1 Dec 2011
Newman Bell Mergers & Acquisitions Unlicensed entities 15 Nov 2006
Newton International Limited Unlicensed entities 19 Apr 2010
Newton Moore Limited Unlicensed entities 19 Jul 2010
Next Financial Network Unlicensed entities 12 Dec 2013
Next Futures Co. Ltd Unlicensed entities 24 Feb 2009
NFT Investment Limited / Now For Tomorrow Investment Limited Unlicensed entities 6 Jul 2015
Nikko-Desjardins Asset Management Unlicensed entities 23 Dec 2016
Nippon Capital Asset Management / Nippon Holdings Unlicensed entities 10 Aug 2016
Nixdorf-AX Ventures Limited Unlicensed entities 7 Apr 2017
Noah Henning Investment Group / Noah Henning International Group Unlicensed entities 28 May 2015
Noke International (Hong Kong) Unlicensed entities 2 Mar 2018
Nomura Asset Management / Nomura Asset Management Inc Unlicensed entities 23 Sep 2013
Nomura Financial Unlicensed entities 21 Nov 2013
Norbert Mach Unlicensed entities 26 Aug 2016
Norikura-Global Unlicensed entities 17 Jul 2015
Norris Jardine Newell Equities Unlicensed entities 3 Sep 2013
North Asia Digital Financial Investment Management Co Ltd Unlicensed entities 8 Sep 2016
North Corp International Unlicensed entities 26 Sep 2013
North Dakota Developments LLC Unlicensed entities 22 Sep 2016
North Point Capital Unlicensed entities 8 Apr 2009
North Point Commodities Unlicensed entities 27 Sep 2011
North West Capital Funds HK Ltd (also known as Northwest Capital Investments Limited) Suspicious websites 10 Apr 2017
Northcott, Sterling, Xavier & Associates Limited Unlicensed entities 10 May 2010
Northridge Financial Partners Unlicensed entities 19 Apr 2018
Northwest Capital Finance Suspicious websites 10 Apr 2017
Norton Global Asset Management Unlicensed entities 18 Feb 2016
Norvell Associates Unlicensed entities 13 Nov 2015
Norwich Group Unlicensed entities 16 Dec 2010
Nova Corporate Services Unlicensed entities 21 Feb 2006
Nuventis Corporate Services Group Unlicensed entities 25 Jun 2008
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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