China Securities Regulatory Commission: Financial big V indicted for three crimes

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 Titanium Media App reported on July 1 that recently, Xu, a financial celebrity in Shanghai with 4 million Weibo fans, was suspected of publishing false investment platform advertising information on Weibo and live broadcasts, and fooling investors into trading 50ETF on black platforms. Option was prosecuted by the Shanghai Pudong New Area Procuratorate for the crime of illegal business operation, the crime of helping criminal activities of network information, and the crime of false advertising.  Since 2021, Xu has used the influence of his own financial big V to publish a lot on Weibo, live broadcast room and other self-media, including "you can open an account for a few thousand yuan to do options", "long and short two-way trading", "high leverage, high profit". ” and other tempting words, fool fans to add the assistant’s QQ number or WeChat account, and download the “Shanghai Stock Exchange ETF Options APP” to open an account to trade options. However, this APP is not a legal platform approved by the China Securities Regulatory Commission, but a black platform built by Xu and others without permission. Investors who open accounts and trade on this platform cannot protect their legitimate rights and interests, and often suffer heavy losses and lose all their capital.  After verification by the Shanghai Supervision Bureau of the China Securities Regulatory Commission, Xu and others built a black platform and used their influence to publish false advertisements. In less than a year, more than 350 investors were induced to deposit funds, and the amount involved exceeded 30 million yuan. Suspected of a crime. At present, Xu has been prosecuted by the Shanghai Pudong New Area Procuratorate for the crime of illegal business operation, the crime of helping network information criminal activities, and the crime of false advertising.  The China Securities Regulatory Commission hereby solemnly reminds investors not to believe in the recommendations of so-called financial giants, to choose legal institutions, stay away from illegal platforms, adhere to rational investment, and beware of being deceived.

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