On August 20, 2025, the SFC warns the public about impersonation scams using SFC senior executives' names. Fraudsters sent deceptive emails and circulated fake documents to investors, leading to potential financial losses.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On August 20, 2025, the Securities and Futures Commission ("SFC") issued a public warning against impersonation scams purportedly involving the SFC. The agency has become aware that fraudsters have been impersonating senior executives and well-known stock commentators, using phishing emails and counterfeit documents to defraud the public and licensed corporations.
These scammers have targeted both SFC-licensed entities and their staff. In some instances, individuals claiming to be the SFC’s Executive Director of Enforcement, Mr. Christopher Wilson, have sent deceptive emails containing embedded links that install malware or ransomware. Similarly, fraudsters posing as the SFC’s Chief Financial Officer, Mr. Andrew Wan, have been obtaining contact information under the pretext of a ‘data reconciliation process’.
The fraudsters employ email domains that closely mimic the SFC’s official domain but are in fact fraudulent. Examples include ‘@sfc.hk.slotsitesxuk.org’ and ‘@sfc.hk.zitirxsend.com’. Other instances have involved distributing fabricated SFC documents to investors, potentially leading to financial losses associated with market manipulation.
The SFC stresses that all such communications and claims are fraudulent. The public is advised to exercise extreme caution when dealing with unsolicited emails and to verify the authenticity of any SFC communications through official channels by contacting
The SFC recommends that individuals do not respond to unsolicited emails, click on suspicious links or attachments, send money, or disclose sensitive account details if approached by anyone claiming to be SFC staff or have insider trading news. Any suspected impersonation, fake documents, or suspicious communications should be immediately reported to the SFC or the Police.
For further information on scam prevention and known fraudulent activities, the SFC encourages visiting the SFC’s Alert List and the Police’s Anti-Deception Coordination Centre. This advisory was last updated on August 20, 2025.
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