The amount involved in the case was more than 92 million yuanA series of cases of illegal operation of ** investment consulting business were crackedRecently, the Economic Investigation Corps of the Shanghai Municipal Public Security Bureau led the Minhang, Jiading and other sub-bureaus to detect a series of cases of illegal operation of ** investment consulting business under the guise of strategic stock selection software, and arrested 56 criminal suspects, involving more than 9,200 yuan.
The online platform is now an illegal stock recommendation app
In February 2023, Shanghai ** found in its work that a number of apps claiming to be able to achieve automatic stock selection transactions for investors appeared on the online platform, but the operating companies behind these APPs did not have the qualifications of ** investment consulting license, and there may be illegal and criminal acts of illegal stock recommendation.
After in-depth investigation, ** gradually dug out 3 criminal gangs that illegally operated ** investment consulting business under the guise of strategic stock selection, and figured out the organizational structure of the gang.
Dig deeper to uncover the truth
After investigation, three criminal gangs headed by criminal suspects Zhong, Chen, Huang and others registered and established a number of technology companies in order to obtain illegal benefits, and the company has R&D, marketing, after-sales, customer service and other teams. Without obtaining relevant business licenses, the above-mentioned gangs privately developed a variety of strategic stock selection apps and algorithms, and then used "** daily limit", "rapid doubling of funds" and "35 times the income" and other gimmicks, through the release of network advertising, random dialing ** and other ways to attract and develop customers, to 20,000 yuan to 25 yuan per yearWith a software service fee of 980,000 yuan, it sells illegal software such as "AI intelligent robot" and "gold service version strategy model" and various software functions such as "Jiaolong out of the water" and "seeing the dragon in the field", or sells the so-called algorithm model developed by it based on its own experience at a price ranging from 200 yuan to 13,888 yuan each, so as to make illegal profits.
*The investigation found that the criminal gang will sell advanced services such as "large account version" and "institutional version" to customers in the name of providing parameterized automatic stock selection trading tools containing 180 strategies, and then provide a full set of parameter setting suggestions, and even remote operation services on behalf of customers. Through preset trading strategies and trading parameters, we help customers realize automatic stock selection, order placement, order cancellation and other transactions. These illegal software preset automated cross positions**, selling at a loss, high-frequency trading and other radical methods, which can easily cause investors to lose money.
Wave after wave of nets to defeat criminal gangs
According to the relevant laws and regulations of the state, without the approval of the relevant competent state authorities, the illegal operation of ** investment consulting business is suspected of illegal business crime. The above-mentioned criminal gangs advertise popular concepts such as "artificial intelligence" and "big data", some of which regularly push "selection" to small programs and apps, and some provide stock selection and transaction parameter settings in the form of after-sales customer service, and can even automatically complete ** transactions on behalf of customers, but their essence is to illegally provide ** investment advice to investors, seriously disrupt ** market order, and threaten the safety of investors' property.
From May to July 2023, Shanghai** carried out a network collection operation to defeat 3 criminal gangs that illegally recommended stocks. At present, the criminal suspect has been taken criminal compulsory measures in accordance with the law on suspicion of illegal business, and the case is being further investigated.
**Tips
The majority of investors should rationally participate in the best investment, make investment decisions independently, and stay away from the best investment consulting services provided by unlicensed institutions. If the public finds clues about relevant violations and crimes, please report them to the public security organs in a timely manner. (Reporter Wu Yi, correspondent Zheng Jiawei).
*: China Police Network.