Hong Kong Securities Regulator Collaborates Globally to Curb Illegal Financial Influencers

According to PANews, the Hong Kong Securities and Futures Commission (SFC) is working with regulatory bodies worldwide to address the activities of illegal financial influencers. These influencers are unlawfully promoting financial products or services, putting millions of social media users at risk. SFC Chief Executive Officer and Chair of the Asia-Pacific Committee of the International Organization of Securities Commissions, Leung Fung-yee, emphasized the importance of personal responsibility as part of the commission's educational efforts. She advised investors to be their own first line of defense by verifying the regulatory status and credibility of financial influencers before making any investment decisions. Investors are encouraged to carefully assess the investment opinions shared by these influencers and thoroughly verify the authenticity of the information provided.