The Securities and Futures Commission (SFC) has issued restriction notices to 10 brokers in relation to a suspected social media scam involving a company listed on The Stock Exchange of Hong Kong. The notices prohibit the brokers from dealing with or processing certain assets held in 31 trading accounts up to a certain amount, without the SFC’s prior written consent. The brokers are also required to notify the SFC if they receive any instructions related to the assets. The SFC believes the restriction notices are necessary for the public interest and its investigation is ongoing. The 10 brokers are: China Industrial Securities International Brokerage Limited, Quam Securities Limited, Futu Securities International (Hong Kong) Limited, Imperium International Securities Limited, Lego Securities Limited, Phillip Securities (Hong Kong) Limited, Silverbricks Securities Company Limited, uSmart Securities Limited, Valuable Capital Limited, and Webull Securities Limited.
resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR39