Investor Warning Issued by Hong Kong SFC for Cloud Peak International

Cloud Peak International

Just recently, a new investor warning notice has been issued by the Securities and Futures Commission (SFC) of Hong Kong. This time, the warning notice issued by the Securities and Futures Commission is for Cloud Peak International.

The Securities and Futures Commission has revealed that Cloud Peak International is claiming to be a licensed financial services provider in Hong Kong. The claim has been made by Cloud Peak International, claiming that it is registered and authorized in Hong Kong to offer financial securities.

The SFC is, therefore, concerned about the true motives of the teams that are running Cloud Peak International from the background. On the website, Cloud Peak International reportedly claims to be providing several financial securities to investors.

Cloud Peak International is currently engaging with the citizens of Hong Kong, and especially the investors’ community, offering services without any permission.

Reason for Issuing Warning

The reason for the SFC to issue a warning against Cloud Peak International is to create awareness as well as share its concern over the platform’s way of conduct. Firstly, the platform is claiming to be a licensed entity in Hong Kong, which is a false claim being made by Cloud Peak International. Secondly, the platform is not revealing its true location as the address information it has provided is incorrect.

It is these two major concerns from Cloud Peak International’s end that have raised the alarms for the Securities and Futures Commission. The SFC is, therefore, highly concerned about the Hong Kong locals interacting with the platform.

The major concern that the SFC holds for Cloud Peak International is the platform providing a wrong address for its base of operations.

Due to the above concerns, the SFC is highly protective of the investors from Hong Kong getting onboard with Cloud Peak International. The services being offered by Cloud Peak International are pertaining to financial securities involving investments from investors.

Therefore, it is highly risky for the investors to invest money in Cloud Peak International and end up losing their funds to the platform.

False Authorization Claim and Incorrect Address

For any platform to be offering services in Hong Kong, it is a must to have authorization from the respective regulator. In the case of offering financial securities in the country, the financial service provider needs to have a proper operating license from the SFC.

If a platform does not have the required license from the SFC, it is not eligible or authorized to be offering financial securities to the Hong Kong locals. Although Cloud Peak International claims it is an authorized financial services provider, it is a false claim as confirmed by the Securities and Futures Commission.

According to the Securities and Futures Commission, Cloud Peak International has reportedly provided an operating address that leads to a different entity. On its website, Cloud Peak International claims to be located at the International Commerce Center, 1 Austin Road West. The particular unit Cloud Peak International has provided for its office is Unit 01, 82/F.

The Securities and Futures Commission has confirmed that Cloud Peak International’s office is not based at this location. Instead, it is a business center that the particular address refers to.

The Securities and Futures Commission has, therefore, urged the entire Hong Kong investment community to be wary of Cloud Peak International. The regulator is highly concerned about the securities being offered by the trading service provider. This is the reason why it has been suggested that investors not invest through Cloud Peak International.

Information about Cloud Peak International

On the website (http://www.cloudpeakicl.com/en/), Cloud Peak International claims it offers several kinds of trading securities. One of the major trading instruments Cloud Peak International claims to be providing is cryptocurrencies. The platform claims it even offers an education program for the better learning experience of the investors.

Furthermore, Cloud Peak International claims it provides customer support via email. The emails provided by Cloud Peak International for such purposes are [email protected] and [email protected].