On January 16, 2026, the Securities and Futures Commission ("SFC") warned the public about a suspicious AI-themed investment product offered by Gold Fun and Angel Guardian Alliance Technology, which is suspected to breach the law. The SFC advises the public not to invest in unregulated products as they lack investor protection.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On January 16, 2026, the Securities and Futures Commission ("SFC") issued a public warning regarding a suspicious AI-themed investment product. The product, offered and marketed by Gold Fun Corporation Limited (Gold Fun) and Angel Guardian Alliance Technology Limited ("AGA"), is believed to have engaged in high-frequency trading and claimed to offer monthly yields of 3% to 8% with minimal risk. Despite these claims, there have been reports of difficulties in withdrawing investments, leading the SFC to list the product and its related information on the SFC’s Suspicious Investment Products Alert List.
The SFC has not authorized the offering of this product to the public and suspects it may have breached the Securities and Futures Ordinance ("SFO"). The SFC encourages investors to avoid non-SFC authorized investment products due to the lack of regulatory protection and potential risk of total investment loss. They advise investors to remain vigilant when making investment decisions.
The investment arrangement exhibits characteristics of a collective investment scheme ("CIS") as defined in the SFO. It is illegal under Section 103 of the SFO to issue advertisements or invitations for participation in an unauthorized CIS. Generally, CIS must be sold by intermediaries licensed or registered by the SFC, except for professional investors. Additionally, under Section 114 and 115 of the SFO, it is an offense for individuals to conduct or market regulated activities without appropriate licenses from the SFC.
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