Name: Morris Commodities
Type: Unlicensed entities
Address(es): 189-191 Prince's Building
10 Chater Road, Central
Hong Kong
Remarks: The company appears to be a member of Hong Kong Commodity Trading Board, which falsely purports to be a government agency responsible for regulating securities trading in Hong Kong. The company also gives the above Hong Kong address but it is not located there. It settles transactions through a bank account in Hong Kong in the name of Stemark Limited, which is also an unlicensed entity on the Alert List.
Add date: 21 Oct 2009
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

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