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Name: Creston Financial Group GmbH
Type: Unlicensed entities
Address(es): The contact person of Smith Moore & Co, Frank Richard Bell, uses mail and fax handling services provided by a secretarial company in Hong Kong located at 21/F, ICBC Tower, Citibank Plaza, 3 Garden Road, Hong Kong.
Remarks: The company offers investment services and appears to target Hungarian investors. The company offered a mutual fund called Strategic Opportunity Fund which is not authorised by the SFC and investors are asked to use a clearing house named Smith Moore & Co for settlement.
Add date: 13 Jul 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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