Feng Huang Wang·2025-08-13 08:09Core Viewpoint - The rise in illegal securities activities is correlated with the warming of capital market conditions, leading to significant financial losses for investors due to fraudulent schemes [1][2]. Summary by Sections Illegal Securities Activities - Multiple securities firms, including CITIC Securities, Galaxy Securities, and others, have reported cases of fraud where criminals impersonate legitimate companies and their staff to conduct illegal securities activities [1][2]. - The fraudulent schemes involve a comprehensive imitation system, including fake trading software and social media accounts, which mislead investors [2]. Fraud Techniques - Criminals have developed five main fraudulent tactics targeting investors' psychological weaknesses, such as the desire for high returns and trust in authority [4][5][6]. - Techniques include creating false trading channels, promising high returns, charging various fees, forging regulatory documents, and extending scams into offline activities [4][5][6]. Identification and Prevention - Securities firms have issued guidelines to help investors identify illegal activities, emphasizing the importance of verifying the legitimacy of institutions and their personnel [7][8]. - Key identification methods include checking the qualifications of the entity, scrutinizing website and software details, being cautious of exaggerated marketing claims, and ensuring that payments are made to legitimate company accounts [7][8].