According to the existing regulation, any entity that intends to promote one-on-one services should enroll as a good investment consultative businesses

According to the existing regulation, any entity that intends to promote one-on-one services should enroll as a good investment consultative businesses

With respect to illegal, unsound strategies of quasi-investment advisory businesses that were found by the Financial Supervisory services, from the complete 54 detections, infraction associated with the task to submit makes up 44percent (24 cases) while unregistered consultative service offering a private trading assessment represent 33per cent (18 instances), accompanied by unregistered discretionary investment management, unauthorized broker solutions and incorrect, exaggerated marketing. Businesses recreation that fall under the sounding unlawful, unwholesome tactics integrate: an individualized trading and investing consultation provided to paid-up clients via messengers or stock consultative social networking chatrooms; unregistered financial recommendations available in a type of exclusive comments on members-only bulletin panels; discretionary investments management by installing copy trading and investing or robotic trading training in a client’s computers; and deluding traders with false, exaggerated ads like promises of unattainable comes back or compensation for reduction

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