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"Clear the rules and recognize the risks" case - fake the name of the company and carry out illegal stock recommendation fraud

Illegal securities activities refer to violating the provisions of the Securities Law and other laws and administrative regulations, publicly issuing securities without authorization from the competent authorities, establishing securities trading venues or securities companies, or engaging in securities brokerage, securities underwriting, securities investment consulting, etc. Securities business conduct.


Investor Zhang received a call from Jin, saying that he was an employee of CICC and learned that his stock account had losses through the Shanghai Stock Exchange. CICC could recommend stocks to him and help him make money. Out of trust in CICC, Zhang remitted a three-month membership fee of 6,000 yuan to the account provided by Jin. Since then, Jin recommended stocks to Zhang several times through Fetion and over the phone. However, instead of getting the expected income from the stocks he recommended, Zhang suffered losses. The suspicious Zhang called CICC for consultation and found out that he had been deceived.


In order to commit fraud, criminals often use names similar to those of real securities companies, fund companies and other market professional institutions to deceive investors, or they directly impersonate legitimate securities companies and fund companies to commit fraud. Investors should be more vigilant about such calls and visits to recommend stocks, and verify the identity of the other party by checking the industrial and commercial license, securities investment consulting qualification certificate, or consulting with the securities regulatory authorities to prevent being deceived.


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