Hong Kong Regulator warns against a suspicious website

The Hong Kong Financial Regulator Securities and Futures Commission (SFC) warned about a suspicious website with the URL https://1180235.com. The Authority stated the website is not associated with BG Securities (HK) Co. Limited which is an SFC-licensed corporation. SFC said Suspicious website operators often use names similar to legitimate companies to confuse investors.

Name: (New) https://1180235.com

Type: Suspicious websites

Address(es):Website: https://1180235.com

Remarks: The website is not associated with BG Securities (HK) Co., Limited, which is an SFC-licensed corporation

Add date: 16 Feb 2024

Note: Suspicious website operators often use names similar tto legitimate companies to confuse investors.

About SFC

The SFC is the only Hong Kong financial regulator given the mandate to educate the investing public. Following the enactment of the Securities and Futures (Amendment) Ordinance 2012, an SFC subsidiary was formed to educate the public on a broad range of retail financial products and services. The key role of SFC:

• to maintain and promote a fair, efficient, competitive, transparent and orderly securities and futures industry;

• to help the public understand the workings of the securities and futures industry;

• to protect the investing public;

• to minimise crime and misconduct in the industry;

• to reduce systemic risks in the industry; and

• to assist the Government in maintaining Hong Kong's financial stability.

As an investor, you must exercise caution when dealing with forex brokers and conduct comprehensive due research before investing money. Investors should visit the reputable organization's website to ensure that the broker they are investing their money in is legitimate or not.

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