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The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. You can either search by name or by type to check whether an entity is already on the list. This is not a comprehensive list and new names are coming to our attention all the time. We will add to the list as we hear of new names. If you have been contacted by an unlicensed firm, it would be of assistance to the SFC if you would provide information on your dealings with that firm by completing our online complaint form.

To see the names of suspicious virtual asset trading platforms added to the Alert List since January 2020, please search by type and choose “Suspicious virtual asset trading platforms”.

For further information on boiler rooms, scam websites and phishes, please follow the links.

Note: The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.

Please view the list by selecting the first alphabet that starts off the name of each entry or the sub-group labelled “Chinese” for entities bearing only Chinese names:

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This is a keyword search based on exact phrases. To facilitate searching, please only enter the keywords "AAA" in the search field when searching for "AAA Co", "AAA Company", "AAA Ltd", "AAA Limited" or "AAA Inc".

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Chinese Others
Company name Type Add date
Syracuse Group
Suspicious websites 6 Oct 2023
Spreadex Unlicensed entities 22 Sep 2023
SW Investment / Sunny World Investment Limited Unlicensed entities 15 Jun 2023
Shaobank Unlicensed entities 29 May 2023
SCC Exchange Unlicensed entities 3 Nov 2022
Sunshine International Market Limited
Suspicious websites 24 Oct 2022
Saqs Investment
Unlicensed entities 21 Oct 2022
St Andrews Group Unlicensed entities 9 Feb 2022
Snok Group Limited Unlicensed entities 14 Sep 2021
Sunpor Group Limited Unlicensed entities 9 Sep 2021
Sky-Markets Unlicensed entities 25 May 2021
Spring Inc Unlicensed entities 1 Apr 2021
ShwunSyin Investment Advisors (HK) Limited Unlicensed entities 29 May 2020
Soho Limited Unlicensed entities 25 May 2020
Spark Global Limited Unlicensed entities 24 Mar 2020
Share Founders Unlicensed entities 19 Mar 2020
Star Trader PTE Ltd Unlicensed entities 12 Feb 2020
Sengela Trding Limited Unlicensed entities 2 Jan 2020
Shengshuziben Unlicensed entities 16 Aug 2019
Seashell International Unlicensed entities 13 Aug 2019
SVSFX Finance Limited Unlicensed entities 29 Jul 2019
SGtrade Unlicensed entities 24 Jul 2019
Senta Information Ltd Unlicensed entities 14 Jun 2019
SkyCentury Group Unlicensed entities 13 Jun 2019
SMS Associates Unlicensed entities 26 Feb 2019
SFM Limited Unlicensed entities 13 Dec 2018
Select Securities Limited Unlicensed entities 30 Nov 2018
Safe Deed Limited Unlicensed entities 19 Nov 2018
Solid Global Investment Limited Unlicensed entities 12 Nov 2018
Sheridan Wells Advisors Unlicensed entities 28 Sep 2018
Skywalker Capital (Hong Kong) Limited / 天行國際財富管理有限公司 (Chinese name only) Unlicensed entities 23 Aug 2018
Sierra Holdings Limited Unlicensed entities 6 Aug 2018
STG Limited / Shengtian International Financial Group / Shing Tin International Trading Limited Unlicensed entities 11 May 2018
Star Yao International (Hong Kong) Limited Unlicensed entities 20 Apr 2018
Swordfish Financial Unlicensed entities 19 Apr 2018
Shenyang Chenghao Securities Brokerage Co., Ltd Unlicensed entities 28 Feb 2018
State Bridge Partners Unlicensed entities 22 Feb 2018
Shinhan Daiwa Brokerage Unlicensed entities 22 Feb 2018
Schmidt Karl Ludwig Unlicensed entities 16 Jan 2018
Spencer Associates Limited Unlicensed entities 9 Nov 2017
Shitong Futures Suspicious websites 10 Oct 2017
Shanghai International Financial Group Unlicensed entities 7 Sep 2017
Stock Swiss Unlicensed entities 26 Jul 2017
Sino Link Global Unlicensed entities 23 Jun 2017
Security Electronic Technology (HK) Limited Unlicensed entities 19 Jun 2017
Spencer Capital Partners Unlicensed entities 19 Jun 2017
SwissMain Unlicensed entities 8 May 2017
Suisse Option / Primary Stream Limited Unlicensed entities 19 Apr 2017
Southbourne Group Unlicensed entities 16 Mar 2017
Seres Bio Unlicensed entities 10 Feb 2017
Sealand Trading (Hong Kong) Limited Others 28 Dec 2016
Soleil Chartered Investments Unlicensed entities 23 Dec 2016
Safe Mark Limited Unlicensed entities 12 Dec 2016
Softbank CIBC International Unlicensed entities 7 Dec 2016
Somerset Capital Limited Unlicensed entities 5 Dec 2016
Strauss Asset Management Unlicensed entities 8 Sep 2016
Shandong East Asia Mining Group Co., Ltd Unlicensed entities 30 Aug 2016
Shi Fu Investment (Hongkong) Co Ltd / Shi Fu Jin Rong Capital Ltd Suspicious websites 20 Jul 2016
Standard Management Investment Limited Unlicensed entities 19 Jul 2016
Southwell & Stone Capital Partners Unlicensed entities 19 Jul 2016
StrongOaks Risk Management Limited Unlicensed entities 8 Jul 2016
Silver Ridge Resources Unlicensed entities 16 Jun 2016
Sachs International, S.A. Unlicensed entities 15 Jun 2016
Sunrise Brokers Group Suspicious websites 26 May 2016
Shinjuku Commodities Unlicensed entities 9 May 2016
Sunseeker Energy Limited Unlicensed entities 9 May 2016
Smallwood & Brown Ltd Unlicensed entities 5 May 2016
Stonebridge Securities Unlicensed entities 21 Dec 2015
Smart Investment Group Unlicensed entities 14 Dec 2015
Smart Trading Signals LLC Unlicensed entities 14 Dec 2015
Synergy Acquisitions Inc Unlicensed entities 24 Nov 2015
Schrodersgroup Suspicious websites 30 Oct 2015
Singliworld HK Pte Limited Unlicensed entities 25 Aug 2015
Schwarz Oliver Thomas Unlicensed entities 29 Jul 2015
Seattle Mercantile Exchange Fake regulators and/or market operators 17 Jul 2015
Sunrise Suspicious websites 6 Jul 2015
Simons Griffin Financial Unlicensed entities 11 Jun 2015
Sunny Bullion Limited Unlicensed entities 6 Mar 2015
Southeast Asia Traders Suspicious websites 2 Mar 2015
Shelland Limited Unlicensed entities 2 Mar 2015
Swiss Private Capital Limited Unlicensed entities 16 Feb 2015
Skadden Rothman Unlicensed entities 29 Jan 2015
Southeast Asia Traders Unlicensed entities 22 Jan 2015
Shore Capital Ventures Unlicensed entities 15 Dec 2014
Shearin Group Unlicensed entities 24 Oct 2014
Shenzhen Commodity Exchange Fake regulators and/or market operators 22 Aug 2014
Simon and Ross Incorporated Unlicensed entities 14 Aug 2014
Securities Registry Board Fake regulators and/or market operators 10 Jun 2014
Southstar Holdings Limited Unlicensed entities 20 Mar 2014
Southstar Asset Management Limited Unlicensed entities 20 Mar 2014
Southstar (Asia) Limited Unlicensed entities 20 Mar 2014
Shepherds Hill Partners, Hong Kong Unlicensed entities 20 Mar 2014
Schott-OFT Unlicensed entities 14 Feb 2014
SWFinvestguide Financial Services Inc. Unlicensed entities 18 Nov 2013
Stowford & Proctor Asset Management Unlicensed entities 4 Oct 2013
Sompo Capital Group Unlicensed entities 23 Sep 2013
Sentinel Equity Inc Unlicensed entities 3 Sep 2013
Standard Wealth Management Limited Unlicensed entities 14 Aug 2013
Saba Capital Management Unlicensed entities 6 Aug 2013
Shenzhen Lukfook Hushen Technology Ltd Suspicious websites 18 Jul 2013
SCFS Trading Unlicensed entities 16 Jul 2013
Spartan FX / Spartan Management Asia Limited Unlicensed entities 6 Jun 2013
Shintomi Trading Unlicensed entities 30 May 2013
Summit Capital Management Unlicensed entities 26 Feb 2013
Spectrum Capital Management Unlicensed entities 15 Feb 2013
S-One Financial / Summit One Financial Unlicensed entities 15 Nov 2012
Shanghai Continental Futures Co. Ltd. / SCFS Group Limited Unlicensed entities 15 Nov 2012
Shinsei Associates Unlicensed entities 21 Aug 2012
Softchange Inc. Unlicensed entities 2 Aug 2012
Seoul Options and Futures Exchange Fake regulators and/or market operators 31 May 2012
Smith and Olsson Unlicensed entities 18 Apr 2012
Smart Trade FX Inc. Unlicensed entities 17 Apr 2012
S-One Financial Unlicensed entities 28 Mar 2012
Sinopart Corporation Unlicensed entities 5 Mar 2012
Shaffer Lienhard Unlicensed entities 21 Dec 2011
Sunway International Unlicensed entities 9 Nov 2011
Saddle River Futures Unlicensed entities 7 Nov 2011
SGS Global Limited Unlicensed entities 28 Sep 2011
SGS Consultants Limited Unlicensed entities 28 Sep 2011
Southampton Investment Services International Unlicensed entities 9 Sep 2011
Sandford C. Bernstein (Asia) Limited Suspicious websites 29 Jul 2011
SCB Suspicious websites 4 Jul 2011
S.P. Transfer and Traders Unlicensed entities 23 Jun 2011
Shengtai Group Unlicensed entities 15 Jun 2011
Sternwood Business Services Unlicensed entities 21 Apr 2011
Sternwood Trading Partners Co Ltd Unlicensed entities 12 Apr 2011
Skipton Asset Management Limited Unlicensed entities 24 Mar 2011
Securities Intermediary Bureau Fake regulators and/or market operators 21 Feb 2011
Shenzhen International Group Unlicensed entities 3 Jan 2011
Source One International Unlicensed entities 20 Dec 2010
Sovereign International Unlicensed entities 25 Nov 2010
Secure Future Trading Unlicensed entities 27 Oct 2010
Sage Consultants Unlicensed entities 14 Oct 2010
Securities Group Singapore Unlicensed entities 29 Sep 2010
Stafford Reid & Lodge Unlicensed entities 27 Sep 2010
Secure International Exchange Committee Fake regulators and/or market operators 22 Sep 2010
Spears Asia International Limited Unlicensed entities 30 Aug 2010
Smith and Dalton M&A Unlicensed entities 17 Aug 2010
Sekulic Dragon Unlicensed entities 7 Jun 2010
SHK Financial Group (China) Co. Ltd Suspicious websites 28 Apr 2010
Shanghai Mercantile Exchange Fake regulators and/or market operators 22 Apr 2010
Sunrise Futures LLC Unlicensed entities 22 Mar 2010
Schapiro Global Inc Unlicensed entities 12 Mar 2010
Shin Futures Unlicensed entities 1 Feb 2010
Stemark Limited Unlicensed entities 29 Oct 2009
SigmaForex.com Unlicensed entities 16 Oct 2009
Swift Tech Capital Unlicensed entities 13 Oct 2009
SMART International Hong Kong Limited Suspicious websites 1 Sep 2009
Sternfield Limited Unlicensed entities 6 Jul 2009
Sun Billion Limited Unlicensed entities 30 Jun 2009
Safeguard Equity Group Unlicensed entities 4 Nov 2008
Scott Fitzgerald Group Unlicensed entities 19 Aug 2008
Sabin Commodities, Inc. Unlicensed entities 31 Jul 2008
Standard United Corporation Unlicensed entities 21 Jul 2008
Solid Gold Finance Limited Unlicensed entities 14 Mar 2008
Southern Cross Mergers and Acquisitions Unlicensed entities 9 Jan 2008
SMI Global Capital Ltd Unlicensed entities 20 Sep 2007
SMFund Unlicensed entities 3 Sep 2007
State Capital Limited Unlicensed entities 15 May 2007
Sinoclear Trading Limited Unlicensed entities 15 May 2007
Stratford International Limited Unlicensed entities 15 May 2007
Shixin Investments Holdings Ltd Unlicensed entities 27 Mar 2007
Swisscash Suspicious websites 6 Jun 2006
Stonewell Finance Unlicensed entities 1 Jun 2006
Safecoe Holdings International Ltd. Unlicensed entities 24 Mar 2006
Sino Options Trading Limited Unlicensed entities 2 Mar 2006
Swift Asset Management Ltd. Unlicensed entities 1 Feb 2006
Schwartz Woodman Unlicensed entities 19 Dec 2005
Smith and Henderson Unlicensed entities 15 Jun 2005
SouthTrust Bank Phishes 18 May 2005
Sinowest International Corp. Ltd. Unlicensed entities 18 May 2005
Smith Klein Venture Unlicensed entities 27 Apr 2005
SMI Limited (BVI) Unlicensed entities 22 Feb 2005
Smith Barney Phishes 28 Dec 2004
Standard Capital Intermational Coroperation Ltd Suspicious websites 24 Nov 2004
SunTrust Bank Phishes 24 Nov 2004
SpartaMatrix Unlicensed entities 2 Nov 2004
Solitaire Management Services Ltd Unlicensed entities 13 Oct 2004
Steel Mercantile Portfolio Unlicensed entities 8 Sep 2004
Smart Port Asset Management Unlicensed entities 1 Sep 2004
Stuartt Reed Kammer Unlicensed entities 29 Mar 2004
Swiss Corps Inc Unlicensed entities 18 Aug 2003
SteinMorgan International Ltd Unlicensed entities 7 Jul 2003
Sterling Futures Ltd Unlicensed entities 27 Jun 2003
Sterling Futures Management Limited Unlicensed entities 27 Jun 2003
Smith Fairchild Unlicensed entities 17 Jun 2003
Sukumo Group Japan Unlicensed entities 6 Jun 2003
Smythe Rutherford & Burns PLC Unlicensed entities 23 Sep 2002
Sherman Brothers Management Ltd Unlicensed entities 30 Apr 2002
Simmons, Blake and Fritch Unlicensed entities 18 Dec 2001
SCMART International Limited Unlicensed entities 26 Apr 2001
Sigama Capital Management Unlicensed entities 2 Nov 2000
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.

Suspicious websites

Dubious websites may offer too-good-to-be-true investment opportunities (e.g. pre-IPO stocks of fabricated companies sold at huge discounts, or funds with guaranteed multiple returns) that do not actually exist. Alternatively, such websites may be fraudulent copycat websites imitating the websites of reputable financial institutions to lure investors to part with their money and/or disclose personal information that the fraudsters may later use to swindle investors.

Do not respond to investment website offers unless you are sure of the legitimacy of the entity.

Suspicious virtual asset trading platforms

Do not respond to suspicious virtual asset trading platform (VATP) offers if its operator is not licensed. To check whether a VATP is licensed by the SFC, please visit our List of licensed virtual asset trading platforms. 

Some VATPs that appear to operate in Hong Kong or target Hong Kong investors may not have a licence to provide virtual asset service or carry out regulated activities in the city. They may lure investors with too-good-to-be-true investment offers, falsely claim to be or soon to be licensed in Hong Kong and/or overseas, or promote themselves aggressively through social media, instant messages, so-called “key opinion leaders” (KOLs) or any other forms of advertisements.

If you deal with a VATP which is not licensed by the SFC, please note that it is unregulated and not supervised by the SFC. You may lose your entire investment held on the VATP if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. Seeking recourse against those VATPs without a nexus with Hong Kong can be very difficult and legal remedies may not be available.

Phishes

Phishes usually imitate legitimate financial institutions to despatch emails to entice recipients to disclose their credit card / bank account numbers and passwords / Personal Identification Numbers (PINs). If you provide this information, you may find your account is drained of money.

Most legitimate banks will never email you asking for your details or PIN. If in doubt, contact your bank directly.

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.

Others

Last update: 3 Oct 2020

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