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How BOOM

                     Runs the Business >>
 

 
BOOM is committed to conduct business responsibly and every aspect of BOOM's operations are built on rigorous standards of business conduct and integrity.

We FOCUS

Provide Stock Dealing Services Only - BOOM has been focusing on the core business - providing a platform to trade stocks in multiple markets via single account. All our incomes are generated from commissions and fees that we charged our clients.

No Proprietary Trading - BOOM's dealing team is solely for responsible for executing trades on behalf of our clients. Boom does not perform any proprietary trading and has no exposure to any kind of structured financial products.

No resell of Structured Products - BOOM offers trading service for stocks listed in different Stock Exchanges and resells mutual funds authorized by Hong Kong Securities & Futures Commission (SFC) in Hong Kong.

We COMPLY

Carefully Regulated - BOOM is a registered broker in Hong Kong to carry out brokerage business. We are carefully regulated and monitored by SFC.

Keep client money and stock holdings in Trust Accounts - Clients' assets (money and stocks) are safely kept in segregated trust accounts, i.e. keep separately from BOOM's assets. BOOM only acts as the nominee to take care of the assets. No one else can claim the assets in the trust accounts except the clients themselves

Report Financials to Regulator - BOOM submits reports on our financing status on a monthly basis. We also submit our audited annual accounts and reports to SFC for review.

Clean Discipline Record - As of today, we have no record of any regulatory breaches. We maintain a clean record at SFC's disciplinary files.

We CONTROL

Prudently Managed - We run our business in a very prudent manner. We require client to deposit money before they could make any purchase (i.e. Cash Up-front).

Tight Credit Control - BOOM's margin lending policy is one of the most prudent among securities firms in Hong Kong. Only selected high quality stocks would be eligible for margin financing and maximum lending percentage is 50% only.

No Debt Obligation - BOOM does not have any debt obligation, i.e. zero borrowings. This manifested BOOM's sound financing standing.

Handle clients' assets with Discretion - BOOM handles withdrawal according to client's instruction. All cash or stock withdrawal will only be transferred to bank or securities account with the same account name as clients' BOOM account. BOOM would not process any transfer to a third party.

 

Last Update: Oct 2008.

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