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Name: Hong Kong & New Territories Futures Board
Type: Fake regulators and/or market operators
Address(es): 22nd Floor, Chater House
8 Connaught Road, Central
Hong Kong
Website: www.hktfb.com
Remarks: The company falsely claims to be a regulator in Hong Kong
Add date: 20 Apr 2010
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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