Reporter Blog: In The Face Of "Pig Killing Plate", Supervision Needs "Mercy"!

Victims of similar "Zhongjian securities" trap are more likely than imagined. Many investors know that posting, "Ding Yao finance Wang Xiang, the agent platform has UBS Investment, Zhongcheng securities, securities, and so on, the middle city platform has recently been reflected by the victims can not be normal withdrawals, and even some accounts are frozen, unable to log in."

An investor posted on the post bar to reveal Wang Xiang's fraud with a single platform. He mentioned the experience of Wing Lung capital, Ding Yao finance, Jia Li securities, Zhongcheng securities, Zhongda securities and run Hui investment.

Tang Tianhao, a lawyer of Chongqing Xinyuan Xing law firm, told reporters that Xu Liang had encountered a fraud known as pig killing. Zhongcheng securities can arbitrarily modify the intermediate position rules, showing signs of non compliance. In the end, Xu Liang was able to pay the gold, or the securities company was afraid that it would be useless to prevent the expansion of the situation.

Tang Tianhao reminded investors who were caught up in the related characteristics of fraud to pay attention to timely stop loss, keep evidence, and seek legal help when necessary.

In his view, in the case of China Securities, it has been suspected of breaking the law. According to the provisions of the securities law, engaging in Securities and futures investment consulting business must obtain the business license of the CSRC in accordance with the law; otherwise, no unit or individual may engage in Securities and futures investment advisory business.

In addition, there is a suspicion of manipulating stock prices behind similar scams. Take Yong Yue technology as an example, a lot of Fuzhou's hot money are deeply involved, and after a series of restrictions, it is hard to say that it is a coincidence that deceive retail investors.

And the OTC outsourcing business is also suspected of breaking the law.

The new securities law is clear and approved by the securities regulatory authority of the State Council and has obtained the license for engaging in securities business. Securities companies can operate securities margin trading businesses. Apart from securities companies, no unit or individual may engage in securities margin trading.

As a matter of fact, as early as 2018, the SFC issued a note that prompted investors to be vigilant against the risks of "illegal recommendation stocks" and summarized some common methods.

"Similar behavior has been banned repeatedly. Recently, even more and more serious, it is largely because the crackdown of the regulatory authorities is not enough, especially the penalties are not enough, the cost of illegal activities is too low, and the supervision hierarchy should be combined with the public security departments to increase the crackdown on similar behaviors, and earnestly protect the interests of small and medium-sized investors." Tang Tianhao thinks.

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