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Name: Hong Kong Enterprise Equity Transfer Market Limited/ Hong Kong Enterprises Takeover Market Limited/HKOTC
Type: Fake regulators and/or market operators
Address(es): (i) 21/F, One Harbour Square, 181 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong
(ii) 17/F, Block 2, Billion Plaza, 10 Cheung Yee Street, Lai Chi Kok, Kowloon, Hong Kong
(iii) 13/F, Jin Yuan Li De Investment Mansion, Guo Ji Qi Ye Main Street, Beijing Economic and Technological Development Area, Beijing, China
Website: www.hongkongotc.com
Remarks: This entity gives the above Hong Kong addresses, but it is not located there. It falsely claims to be a market operator in Hong Kong.
Add date: 21 Sep 2017
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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