The Securities and Futures Commission (SFC) of Hong Kong has added StableStock and HabitTrade to its warning list of unlicensed platforms.
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning, adding two unlicensed platforms—StableStock and HabitTrade—to its warning list. The SFC noted that online videos are inducing the public to use the StableStock platform, which claims users can subscribe to Hong Kong IPOs using virtual assets and states it is collaborating with HabitTrade. The SFC emphasized that neither entity holds an SFC license and therefore must not engage in any regulated activities in Hong Kong or promote their services to the public.