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Name: Shenzhen Commodity Exchange
Type: Fake regulators and/or market operators
Address(es): Huameiju Business Center, Xixiang Avenue 113, Bao'an, Shenzhen, Guangdong, China
Website: www.szcox.org
Remarks: This entity falsely claims to be an exchange in China and is apparently associated with Herrington Global, another unlicensed entity on the Alert List. It uses Hong Kong bank accounts in the names of Fulford Limited, Castron Limited and Oxred Limited for settlement.
Add date: 22 Aug 2014
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.

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