2017 CNCGC HK CFTC warning was issued in October 2016, after which the broker ended in CONSOB's exhaustive Investment Caution list. Is CNCGC HK a reliable Forex broker?
2017 CNCGC HK CFTC warning was issued in October 2016, after which the broker ended in CFTC’s exhaustive Investment Caution list. Is CNCGC HK a reliable Forex broker?
CNCGC Hong Kong Limited is an investment and trading firm headquartered in Hong Kong. Remarkably, the futures broker doesn’t have an operating website domain. According to the Hong Kong company registry, the broker was incorporated on the 7th of May 2013 under the CR number 1903199.
CFTC fines CNCGC HK $150,000
The reason behind the US regulator’s $150,000 civil monetary penalty, deals with the fact that CNCGC HK failed to file the CFTC Form 304 Cotton On-Call Reports. Not only was the broker unable to file the necessary reports. Also on two other occasions CNCGC HK filed the reports late. These incidents took place between March 2014 and August 2015. Henceforth, the 2017 CNCGC HK CFTC warning got issued, next to the fine of $150,000 penalty.
To attain more information about the 2017 CNCGC HK CFTC warning. Look up here the original warning against CNCGC HK.