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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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Explanation (Click for details):
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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
Topcredit Digital Currency Bank, Inc. / Topcredit Technology Co., Ltd. Suspicious websites 25 May 2022
Tomahawk Finance Co Ltd Unlicensed entities 3 Jan 2022
Trony Fx Limited Unlicensed entities 10 Sep 2021
The Antrim Group PTE Limited Unlicensed entities 9 Feb 2021
Tower of London Worldwide Unlicensed entities 17 Jun 2020
Tradex Unlicensed entities 30 Sep 2019
Tao Feng Associates Unlicensed entities 29 Mar 2019
Transpacific Global Equities Ltd Unlicensed entities 17 Dec 2018
Tianxin /Hong Kong Victory LT Investment Co., Limited Unlicensed entities 31 Oct 2018
TCGJ International Group Co Limited Unlicensed entities 10 Oct 2018
Tian Cheng International Finance Holding Limited Unlicensed entities 10 Oct 2018
Times Global Capital Group Limited Unlicensed entities 30 Aug 2018
Tauro Capital Market Limited/ Tauro Pro Trade Unlicensed entities 10 Jul 2018
Tricom Securities Limited Unlicensed entities 20 Jun 2018
The Kimble, May and Bains Group Unlicensed entities 20 Jun 2018
The Adam Group Unlicensed entities 7 May 2018
Toronto Sumitomo Trading Unlicensed entities 2 Mar 2018
Turtle Finance Unlicensed entities 28 Feb 2018
Techno FX UK Ltd / TechnoFX Limited Unlicensed entities 28 Feb 2018
Time Rich China Suspicious websites 24 Jan 2018
Tokai National Partners Unlicensed entities 20 Nov 2017
Takara Global Unlicensed entities 13 Oct 2017
The Insiders Club Unlicensed entities 26 May 2017
The Huxford Group Unlicensed entities 28 Mar 2017
Thompson Lloyd Baker Capital Specialists Unlicensed entities 2 Mar 2017
The Alden Group Unlicensed entities 20 Feb 2017
Tharapatong Limited Unlicensed entities 7 Dec 2016
Thornwood Financial Unlicensed entities 7 Dec 2016
Tain Capital Unlicensed entities 4 Nov 2016
Top Binary Signals Unlicensed entities 30 Sep 2016
The Asian Pacific Commodity Exchange Unlicensed entities 27 Sep 2016
TradingBanks Unlicensed entities 12 Sep 2016
Tillman Hall Capital Unlicensed entities 8 Sep 2016
TCA Financial Unlicensed entities 30 Aug 2016
Titanium Wealth Management Inc. Unlicensed entities 20 Jul 2016
Tommy and Bobby Limited Unlicensed entities 21 Apr 2016
Tyson Asset Management Inc. Unlicensed entities 9 Mar 2016
Thomas & Lynch Inc Unlicensed entities 9 Dec 2015
The Sterling Group International Unlicensed entities 19 Oct 2015
Triumph Global (Asia) Limited/ TFX Global Unlicensed entities 25 Aug 2015
Taihesheng HK Financial Investment Management Limited Unlicensed entities 17 Jul 2015
The Southwood Group Unlicensed entities 11 Jun 2015
The Haney Group Unlicensed entities 24 Mar 2015
The Palm Gold Group Co., Ltd. Unlicensed entities 6 Mar 2015
TD Options Limited Unlicensed entities 5 Feb 2015
Taiwan Commodity Exchange Fake regulators and/or market operators 29 Jan 2015
Trillion Venture / Trillion Venture Pte Ltd / Trillion Venture HK Unlicensed entities 28 Jan 2015
Trade Association Unlicensed entities 11 Dec 2014
The Cooper Research Group Unlicensed entities 23 Oct 2014
The Tunstall Group Unlicensed entities 5 Aug 2014
Thomas Greene & Partners Unlicensed entities 16 Apr 2014
The Woo Group Unlicensed entities 1 Apr 2014
The Corliss Group Unlicensed entities 24 Mar 2014
The Platinum Capital Group Unlicensed entities 3 Mar 2014
Total Global Equity Unlicensed entities 25 Oct 2013
The Avanti Group Unlicensed entities 27 Jun 2013
Taiwan Options and Futures Exchange Fake regulators and/or market operators 22 May 2013
Troy McDonald Unlicensed entities 5 Apr 2013
The Toros Group Unlicensed entities 21 Jan 2013
The Tyler Group Unlicensed entities 17 Oct 2012
Transunion Financial Unlicensed entities 17 Oct 2012
The Kronos Group Unlicensed entities 23 Jul 2012
Tiger CTA Unlicensed entities 10 May 2012
The Crowne Registry Unlicensed entities 28 Sep 2011
Trade & Clear Limited Unlicensed entities 15 Sep 2011
Tsuen Wan International Unlicensed entities 11 Jul 2011
Truimph Capital Management Unlicensed entities 12 Apr 2011
The Asian Financial Services Authority Fake regulators and/or market operators 10 Mar 2011
Timber Hill Limited Unlicensed entities 23 Feb 2011
The LML Group Richmond & Associates Inc. Unlicensed entities 17 Dec 2010
TradersRoom Unlicensed entities 22 Oct 2010
The Alternative Investment Group Unlicensed entities 16 Aug 2010
The Hong Kong Futures & Options Exchange (The HKFOE) Fake regulators and/or market operators 7 Jun 2010
Transfer Services Ltd Unlicensed entities 11 Mar 2010
The Captrust Group Unlicensed entities 3 Feb 2010
Trent Consultants Unlicensed entities 8 Dec 2009
The Mollins Group Unlicensed entities 4 Nov 2009
The Castleton Group Unlicensed entities 19 Oct 2009
Thomas Moore Unlicensed entities 21 Sep 2009
The Bridgeway Group International Unlicensed entities 21 Sep 2009
The Stern Group Unlicensed entities 3 Sep 2009
Takahashi Nakamura Associates Unlicensed entities 10 Jul 2009
Target International Overseas Limited Unlicensed entities 31 Oct 2008
Trade Loyal Investment Limited Unlicensed entities 1 Sep 2008
TAO Investment Management Company Unlicensed entities 27 Aug 2007
The Danier Group Limited Unlicensed entities 15 May 2007
The Roth Group Limited Unlicensed entities 15 May 2007
Trilliongold Resources Sdn Bhd Unlicensed entities 5 Mar 2007
Trilliongold International Resources Unlicensed entities 5 Mar 2007
The Tidal Group Unlicensed entities 22 Nov 2006
The Xenon Group Unlicensed entities 5 Sep 2006
Transglobal Financial Ltd Unlicensed entities 6 Feb 2006
Tri Guard Holdings Limited Unlicensed entities 1 Feb 2006
TGF Management Services Inc. Unlicensed entities 17 Jan 2006
The Prestige Perspective Unlicensed entities 3 Aug 2005
The Kaikatsu Group Unlicensed entities 6 Jul 2005
The Stockton Group Limited Unlicensed entities 29 Jun 2005
Taylor Ferguson Unlicensed entities 15 Jun 2005
Trimark World Capital Corp. Unlicensed entities 18 May 2005
The Manhattan Pacific Group Unlicensed entities 8 Dec 2004
The Williams Group Unlicensed entities 10 Nov 2004
Thompson & Whitehurst Unlicensed entities 26 Jan 2004
Transglobe Group Unlicensed entities 9 Aug 2003
Transglobe Express Co Unlicensed entities 9 Aug 2003
Tradeline Group Unlicensed entities 25 Jun 2003
The Madina Capital Group Unlicensed entities 2 Mar 2002
The Madison Group Unlicensed entities 2 Mar 2002
The Georgian Group Ltd Unlicensed entities 27 Feb 2002
The Clearing House Group Unlicensed entities 30 Jan 2002
The Pembridge Group Unlicensed entities 23 Aug 2001
Transglobal Consultants Limited Unlicensed entities 3 Jan 2001
The Kensington Group Limited Unlicensed entities 2 Nov 2000
The Brinton Group 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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