The Hong Kong Securities and Futures Commission warns: Beware of the "pump and dump" investment scam by impersonating stock analysts.

According to the website of the Hong Kong Securities and Futures Commission, on February 11, the Commission reminded the public to stay alert and guard against illegal individuals who impersonate well-known stock analysts, claiming to provide investment advice guaranteeing high returns, leading citizens into investment scams. The Commission recently received reports indicating that fraudsters are using social media platforms or instant messaging applications to lure victims into the trap of "pump-and-dump" market manipulation schemes. The Commission has reported relevant cases to the police and will continue to cooperate with law enforcement agencies to crack down on investment fraud cases.