Facebook   LinkedIn   WeChat   YouTube Alert List
Name: Beijing Futures Exchange
Type: Fake regulators and/or market operators
Address(es): 27 Pangu Plaza Office Building, Central, North 4th Ring Drive, 100101, Beijing, China
Website: http://www.bfex.org
Remarks: The entity uses a bank account in Hong Kong in the name of Zenton Ltd for settlement. It is apparently associated with Hesketh Leihner, an unlicensed entity on the Alert List.
Add date: 19 Jul 2011
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.

We use cookies to improve the website performance and user experience. If you continue to use this website, you are agreeing to their uses. Learn more about our privacy policy.