HK’s securities regulator has warned the public about a suspicious AI themed investment product promoted by two companies, citing concerns over authorisation and investor withdrawals.
The Securities and Futures Commission (SFC) said the product was offered by Gold Fun Corporation and Angel Guardian Alliance Technology and involved a so-called high-frequency trading arrangement. Alert list covers products resembling unauthorised collective investment schemes or structured products The product has not been authorised by the SFC for sale to the HK public and is suspected of breaching the Securities and Futures Ordinance. According to the SFC, marketing materials claimed the