Alpha Securities Company Limited Review

About Alpha Securities Company Limited

Alpha Securities Company Limited is associated with the domain alphasecuritiesco.com. The Hong Kong Securities and Futures Commission listed www.alphasecuritiesco.com as a suspicious website in alert-list item 2887, added on 4 November 2022. The SFC stated that the website was not associated with the SFC-licensed corporation named Alpha Securities Company Limited.

On 19 March 2024, the New Zealand Financial Markets Authority issued a warning concerning Alpha-securities Ltd together with Tricom Capital Management, Wader Securities, and WCT Investments PTE Ltd. The FMA described the entities as suspected of operating an investment scam involving fictitious IPO shares and additional payments, and stated that they were not registered on New Zealand’s Financial Service Providers Register or authorised to provide financial services in New Zealand. The FMA listed tricom-cm.com, wadersec.com, alphasecuritiesco.com, and wct-pte.com.

Pros and cons

Pros

• The name Alpha Securities Company Limited corresponds to an SFC-licensed corporation; however, the SFC stated that www.alphasecuritiesco.com was not associated with that licensed corporation.

Cons

• The domain www.alphasecuritiesco.com was listed by the SFC as a suspicious website.
• The FMA issued a suspected-scam warning involving Alpha-securities Ltd and stated that the entities were not registered or authorised in New Zealand.
• The FMA warning described fictitious IPO offers and requests for additional payments to enable shares to be traded or sold.