Political situation
Written by: Zhou Lixi
2020-09-02 13:43
Last update date: 2020-09-02 13:43
Three DAB community officers recently discovered suspected stock market scams on their social media pages. The scammers first left messages on the Internet to attract netizens to join the group, defrauding netizens of stock market trading information. At the same time, they were also suspected of instructing netizens to buy and sell penny stocks. Profit from "marketing".
Zhang Guojun, a member of the DAB Legislative Council, suggested that law enforcement agencies follow up. He believed that there was a chance that the incident had committed fraud, dishonest computer use, and market making. Some star-rated commentators also stated that they had been pretended to open groups.
Zhang Guojun also pointed out that stock market commentators and other businesses need to obtain licenses from the Securities Regulatory Commission. He hopes to follow up and consider "snake-offs" to collect evidence on the Internet. He also emphasized that scammers have seen suspected crimes on the surface and fear that some citizens may not know about it. Participated in the manipulation of stock prices.
Liu Tianzheng (right), the DAB community officer, said that many stock groups suddenly "bulk" after the victims buy penny stocks at a high level, causing retail investors to suffer losses.
(Photo by Zhou Lixi)
Suddenly bulk cargo after attracting high prices to buy penny stocks
The DAB’s community officer Liu Tianzheng pointed out at a press conference that they started to share messages on the Facebook page around the beginning of July, claiming to provide "tips" for stock trading, and let people "make big money" group links, so they used two A "Space" phone number joined multiple groups for three weeks for undercover investigation.
However, they claimed that they did not participate in the transaction, nor did they contact the victim.
Liu Tianzheng pointed out that many online finance pages also have comments with links to let people join whatsapp or telegram groups, but there is no mention of the recent hot "WeChat female" group.
He pointed out that in many groups, only administrators can speak. The scammers will contact group members privately to obtain information on their holdings, funds, etc., and then recommend the victims’ profitable stocks according to their preferences, and then turn to suggestions. They buy penny stocks, and after the victims buy them at a high price, they suddenly "bulk", causing retail investors to suffer losses.
Charitable purposes are required to provide transaction information
Another community officer, Chen Kairong, pointed out that some scammers said that they could guarantee that the participants had a large income, and on the grounds that they needed to buy and sell information for charitable purposes, they defrauded members of the "cap map" to provide their trading information, so as to induce them if they were deemed to be capable of execution. Strong, will be added to the "Advanced Group".
Some people are also under pressure. If they do not provide trading information, they will not be provided with "only earning positions", causing them to suffer losses at any time.
He pointed out that it is believed that some penny stocks have fallen by 40% in a certain period of time due to similar suggestions.
Community officer Zhang Weinan pointed out that they asked the Securities Regulatory Commission and others to strengthen supervision activities. All platforms should monitor the situation of their users, strengthen publicity and education, and expose the tricks of fraudsters.
He also pointed out that young people now want to "get quick money" and hope that the Securities Regulatory Commission can educate the correct investment concepts through promotional videos.
Zhang Guojun pointed out that as a lawyer in the past, he also knew that some stocks in the Hong Kong market had low liquidity and were easily manipulated, but it was easier to monitor the manipulation of stock prices.
Now that social media attracts different people, it is more difficult for the SFC to track down and search for evidence, urging law enforcement agencies to stop it.
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