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Name: Wan Shi Group, Century Financial Limited, Man Financial Ltd
Type: Unlicensed entities
Address(es): Room 1209, Jinyulan Square
No.1, Dapu Road
Shanghai 200023
China
Website: www.wanshi-fx.com
Remarks: Wan Shi Group is believed to have passed off as "Man Financial" by forming a BVI company named "Man Financial Ltd". Man Financial Ltd is unrelated to "Man Financial" of USA. The Group has also established Century Financial Limited in Hong Kong and made use of bank accounts of both companies in Hong Kong to settle unlicensed forex trading activities.
Add date: 21 Oct 2008
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
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.

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