Name: International Securities Exchange Commission
Type: Fake regulators and/or market operators
Address(es): 10th Floor, Chater House
8 Connuaght Road Central
Hong Kong
Website: www.intlsecexchange.com
Remarks: The above entity falsely claims that it is an independent regulator, which enforces and implements federal securities laws. It gives the above Hong Kong address but it is not located there. Goldenway Investments, an unlicensed entity on the Alert List, claims that it is regulated by International Securities Exchange Commission. Platinum Group Holdings (formerly known as Beijing International Finance Group) also appears to be related to International Securities Exchange Commission. Platinum Group Holdings is another unlicensed entity on the Alert List.
Add date: 10 Aug 2010
Note:
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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