Odaily Planet Daily News: The Hong Kong Securities and Futures Commission issued a warning today, reminding the public to beware of an unlicensed trading platform called "BiyaPay".

The platform claims to offer Hong Kong and US stock trading services and maintains an office in Hong Kong, but has never been licensed by the Securities and Futures Commission (SFC) or applied for any other license from the SFC. Under Hong Kong law, operating securities trading without a license or promoting related services to Hong Kong investors is illegal.

The SFC discovered BiyaPay through its social media monitoring platform and noted that the Hong Kong public could access platform information and register accounts through the platform's official website and social media accounts. The SFC has now placed the platform on its warning list.