Hong Kong SFC Issues Public Warning of Fraud Schemes Using Name of Investor Compensation Fund (ICF) to Falsely Claim to Help to Recover Investment Losses for Investors, Fraud Schemes Include Impersonating Hong Kong SFC Executives or Legal Professionals Falsely Claiming Compensation from Investor Compensation Fund (ICF) by Paying Deposits or Fees, Hong Kong Official Investor Compensation Fund (ICF) Do Not Charge Fees for Lodging Claims, Will Compensate for Losses from Defaults But Do Not Compensate for Losses from Share Price, Poor Investment Performance or Scams by Unlicenced Entities
20th May | Hong Kong
Hong Kong Securities and Futures Commission (SFC) has issued a public warning of fraud schemes using name of Investor Compensation Fund (ICF) to falsely claim to help to recover investment losses for investors. The fraud schemes include impersonating Hong Kong SFC executives or legal professionals falsely claiming compensation from Investor Compensation Fund (ICF) by paying deposits or fees. Hong Kong official Investor Compensation Fund (ICF) do not charge fees for lodging claims, will compensate for losses from defaults but do not compensate for losses from share price, poor investment performance or scams by unlicenced entities. Announcement (19/5/26): “The Securities and Futures Commission (SFC) urges the investing public to stay highly vigilant against sophisticated fraudulent schemes that exploit the name of the Investor Compensation Fund (ICF) to target investors who have already suffered losses, often defrauding them a second time (Note 1). In recent cases reported to the SFC, fraudsters targeted individuals who had previously suffered investment losses – often from schemes orchestrated by the same syndicates – and falsely claimed that these victims were eligible to recover their losses through the ICF. These scenarios typically involved fraudsters who impersonated SFC executives or posed as legal professionals claiming that “compensation” under the ICF may be arranged upon the payment of additional “deposits” or “handling fees”. Many victims were therefore defrauded for a second time.The SFC emphasises that the ICF is established under the Securities and Futures Ordinance, and compensation payment out of the ICF is governed by clear legal criteria: 1) Investors will not be charged any fees for lodging claims against the ICF. 2) The ICF only compensates monetary losses that stem from a default by a licensed intermediary or authorised financial institution in Hong Kong, and relate to: (i) securities traded on the Stock Exchange of Hong Kong or under the Northbound link of Stock Connect; and (ii) futures contracts traded on the Hong Kong Futures Exchange. 3) The ICF does not cover losses resulting from share price fluctuations, poor investment performance, or scams perpetrated by unlicensed entities … … The SFC reminds the public that the process for claiming compensation from the ICF does not require any upfront transfer of funds. In addition, the SFC does not contact investors via social media or instant messaging platforms to solicit payments for compensation claims. If members of the public are unsure about the legitimacy of any person claiming to be able to arrange compensation payments for investment losses, they should consult the Investor Compensation Company Limited or the SFC directly via official channels.” Note 1 ~ Claims against the ICF are administered by the Investor Compensation Company Limited, a wholly-owned subsidiary of the SFC
“ Hong Kong SFC Issues Public Warning of Fraud Schemes Using Name of Investor Compensation Fund (ICF) to Falsely Claim to Help to Recover Investment Losses for Investors, Fraud Schemes Include Impersonating Hong Kong SFC Executives or Legal Professionals Falsely Claiming Compensation from Investor Compensation Fund (ICF) by Paying Deposits or Fees, Hong Kong Official Investor Compensation Fund (ICF) Do Not Charge Fees for Lodging Claims, Will Compensate for Losses from Defaults But Do Not Compensate for Losses from Share Price, Poor Investment Performance or Scams by Unlicenced Entities “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Hong Kong SFC Issues Public Warning of Fraud Schemes Using Name of Investor Compensation Fund (ICF) to Falsely Claim to Help to Recover Investment Losses for Investors, Fraud Schemes Include Impersonating Hong Kong SFC Executives or Legal Professionals Falsely Claiming Compensation from Investor Compensation Fund (ICF) by Paying Deposits or Fees, Hong Kong Official Investor Compensation Fund (ICF) Do Not Charge Fees for Lodging Claims, Will Compensate for Losses from Defaults But Do Not Compensate for Losses from Share Price, Poor Investment Performance or Scams by Unlicenced Entities
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
