HK SFC warns public of unauthorised investment product offered by “ATG Algorithm Trade Group”
The Hong Kong Securities and Futures Commission (SFC) today warned the public of an unauthorised investment product involving a system to invest in gold contracts for differences named “2023全新智能AI黃金EA自動交易系統”.
The Product has not been authorised by the SFC for offering to the Hong Kong public and is suspected to have breached the Securities and Futures Ordinance (SFO).
The SFC notes that the team of a Telegram group called “ATG Algorithm Trade Group” (ATG) operates the Product and promotes it via public accounts or channels of ATG and its team on Telegram and Instagram.
The Product and its related information were posted on the SFC’s Suspicious Investment Products Alert List on 11 December 2023.
The public is warned against investing in any non-SFC authorised investment products. As these products are not regulated by the SFC, their investors have no or very limited protection and may lose all their investments.
Investigations are ongoing and the SFC will take all appropriate actions where there is any breach of the law.