Advice to Investors on Website AuthenticityA

10 Dec 2003



The SFC has received a report from BOCI Online Trading Limited that it has discovered a third party website which makes references to the company without authorisation.

The website, www.bocfund.com, is purportedly operated by a company known as BOC Mutual Fund Management Co. Limited. BOC Mutual Fund Management Co. Ltd claims to be able to open accounts for investors with BOCI Securities Limited and that investors may trade Hong Kong and US securities through BOCI Online’s website facilities.

BOCI group has confirmed that BOC Mutual Fund Management Co. Ltd is not its group company.

In addition, the website also provides links to the websites of First Shanghai Securities Limited and Tai Fook Securities Company Limited, both SFC-licensed corporations. First Shanghai and Tai Fook have confirmed that the links are not authorised.

The SFC confirms that BOC Mutual Fund Management Co. Ltd is not an SFC-licensed corporation and therefore cannot provide securities or investment services to the investing public in Hong Kong.

In light of recent concern about a new style of Internet fraud, the SFC wishes to remind investors who are uncertain about the authenticity of a website to check with the company concerned, using a contact number independently obtained. This is because scam operators might publish telephone numbers or email contacts on the website which are answered by the fraudsters themselves.

Investors are also reminded that they should only deal with firms or institutions that are licensed by or registered with the SFC. Information is available under the “Intermediaries, Licensing and Investment Products” – “Register” of the SFC website. Investors may also call our Investor Hotline at 2840 9333.

The SFC calls on intermediaries or investors to report suspicious websites to the Police and the SFC.

Ends




Page last updated : 1 Aug 2012