SFC Warns of Suspicious Forex Products by Eternity Prime

The Hong Kong Securities and Futures Commission (SFC) has issued a public warning regarding suspicious investment products offered by Eternity Prime Limited, urging caution among potential investors. These products, marketed as “Eternity.inc forex packages,” have not received authorization from the SFC for distribution to the Hong Kong public, raising concerns about potential violations of the Securities and Futures Ordinance (SFO).

In a move to protect investors and maintain market integrity, the SFC has taken action by adding these questionable investment products to its Suspicious Investment Products Alert List. The warning comes as part of the SFC's commitment to safeguarding the interests of Hong Kong's financial community and ensuring that only legitimate and regulated investment opportunities are available to the public.

Key Details of the SFC Warning

1. Unauthorized Products: The Eternity.inc forex packages have not been authorized for offering in Hong Kong, which may put investors at risk as these products operate outside of the regulatory framework established by the SFC.

2. High Promised Returns: The products claim to provide remarkably high annual returns ranging from 36% to 84%, a claim that warrants caution, as such returns are often associated with high-risk investments or potentially fraudulent schemes.

3. Inclusion in the Alert List: The SFC took immediate action to include these suspicious investment products on its Suspicious Investment Products Alert List on January 12, 2024.

The SFC's Message to the Public

The SFC strongly advises the public against investing in any non-SFC-authorized investment products. Because these products fall outside of the regulatory oversight of the SFC, investors may have little to no protection in the event of financial losses, leaving them vulnerable to potential scams and frauds.

Furthermore, the SFC underscores the importance of exercising caution and skepticism when encountering investment opportunities that seem “too good to be true.” Potential investors are urged to conduct thorough due diligence and consult with financial professionals before making any investment decisions.

In closing, the SFC reiterates its commitment to taking appropriate actions against any violations of the law to ensure the protection and welfare of Hong Kong's investors and the integrity of its financial markets.

About Hong Kong's Securities and Futures Commission (SFC)

The SFC is the independent statutory authority responsible for regulating the securities and futures markets in Hong Kong. With a mission to promote and protect the integrity and development of these markets, the SFC works to ensure fair and transparent operations while maintaining Hong Kong's position as an international financial center.

To discover additional SFC-regulated brokers, follow this link: https://www.wikifx.com/en/search.html