1. What is illegal securities and futures activities?

Illegal securities and futures activities refer to the violation of the "Securities Law" and the "Administrative Regulations on Futures Trading" and other laws and administrative regulations, without the approval of the competent authority, to publicly issue securities, establish securities trading venues or securities companies, establish futures trading venues or Organize futures trading activities in other forms, set up futures companies and other futures operating institutions, engage in securities business such as securities brokerage, securities underwriting, securities investment consulting, or engage in futures business without authorization.

2. What are the main manifestations of illegal securities and futures activities?

(1) Illegal issuance of securities. The main manifestation of the illegal issuance of securities is the illegal issuance of stocks, under the banner of the imminent "Domestic and overseas listing", to trick investors into buying and transferring the so-called "original shares" and so on. The characteristics of fraudulent methods include: using domestic and overseas listings and obtaining high returns as bait; targeting the general public, especially middle-aged and elderly people; and using fraud to obtain money for the purpose.

(2) Illegal operation of securities business. Mainly include illegal securities investment consulting business, illegal brokerage business, etc. Illegal securities investment consulting is a common illegal behavior. Criminals set up websites or use social software, self-media and other tools to solicit members or customers in the name of guaranteeing income and high returns, and illegally provide securities investment analysis and forecasting. Or suggest to charge “membership fee”, “consultation fee”, “service fee”. Illegal brokerage business mainly refers to institutions or individuals without brokerage business qualifications through controlling accounts and opening sub-accounts, accepting transaction instructions, and completing transactions as agents, such as off-market fund allocation activities by opening sub-accounts, etc.  

(3) Illegal operation of futures business. The main manifestation is that criminals forge futures platforms to induce investors to speculate in futures. This type of platform is usually "cottage futures", there is no real transaction at all, and its fund interface is connected with a third-party payment institution. After the victim’s funds entered a designated third-party payment company, they were transferred to a personal account controlled by the suspect after money laundering, which was essentially a fraud.

3. How to identify illegal securities and futures activities?

Look at the subject qualifications. According to regulations, the development of securities and futures business (including related consulting business) requires the approval of the China Securities Regulatory Commission to obtain the corresponding business qualifications. You can inquire about legal securities and futures operating institutions and Information on its practitioners, or verify the information of relevant institutions and personnel with the local Securities Regulatory Bureau.

Second, look at marketing methods. Criminals often claim to be "teacher" "stock god", to know "inside information", to be able to select "dark horse stocks", as long as you follow him, you can make a lot of money to attract investors, and it is legal The securities and futures agencies of China cannot do this. Securities and futures trading is risky, and it is impossible to make a profit without losing money. Risk notification is not just a process requirement.

Third, look at the Internet address. The web addresses of illegal securities and futures websites are often composed of letters and numbers without special meaning, or they are changed or added on the basis of the web addresses of legal securities and futures business institutions. You can use the website of the China Securities Regulatory Commission or the websites of the China Securities Industry Association and China Futures Association to check the website of legal securities and futures business institutions to identify illegal securities and futures websites. Check the website record and the location of the server to identify irregular websites.

Four look at the receiving account. Legal securities and futures operating institutions can only conduct business in the name of the company, and can only open bank accounts in the name of the company. Investors should be extremely cautious in the remittance process. If the receiving account is a personal account or does not match the name of the institution, please refuse it decisively.