MMTEC is a holding company that, through its subsidiaries, operates a U.S.-registered broker-dealer and a Beijing-based financial technology platform purportedly serving Chinese institutional investors seeking access to overseas capital markets. The U.S. subsidiary, MM Global Securities, Inc., is a FINRA-registered broker-dealer licensed for equity trading and investment banking services. The Chinese subsidiary, Gujia (Beijing) Technology Co., Ltd., provides software and technical infrastructure to institutional clients. In reality, the combined entity generated $807,500 in total revenue in its most recent fiscal year (entirely from placement agent fees), against $3.98 million in operating expenses, and has never achieved profitability from operations to this day.
Update: 2026-05-20