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Name: International Securities & Futures Commission
Type: Fake regulators and/or market operators
Address(es): 30th Floor, One Exchange Square, 8 Connaught Place, Central, Hong Kong
Website: www.isfcomm.com
Remarks: The entity falsely claims that it administers the securities industry in Hong Kong. It gives the above Hong Kong address but it is not located there. The company maintains bank accounts in Mexico in the names of International Securities & Futures Commission and Yuan Finance Limited for settlement.
Add date: 22 Oct 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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