The Hong Kong Securities and Futures Commission takes part in global regulatory efforts to curb the activities of unlicensed financial influencers.
The Securities and Futures Commission of Hong Kong is partnering with regulatory authorities around the world to curb the activities of illegal financial influencers. These financial influencers are illegally selling financial products or services, putting millions of social media users at risk. The Executive Director of the Securities and Futures Commission and Chairman of the Asia-Pacific Regional Committee of the International Organization of Securities Commissions, Leung Fung Yee, said: "As part of our educational work, we must emphasize the importance of personal responsibility. Investors should be their first line of defense, verifying the regulatory status and credibility of financial influencers before making any investment decisions, carefully evaluating the investment views they share, and thoroughly verifying the authenticity of information."
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