The Hong Kong Securities and Futures Commission participates in global regulatory efforts to curb activities of unauthorized financial influencers.

ChainCatcher reports that according to JIN10 data, the Hong Kong Securities and Futures Commission (SFC) is collaborating with regulatory agencies worldwide to curb the activities of illegal financial influencers. These influencers unlawfully promote financial products or services, putting millions of social media users at risk.

Leung Fung-yee, CEO of the SFC and Chairperson of the Asia-Pacific Regional Committee of the International Organization of Securities Commissions (IOSCO), stated: "As part of our educational efforts, we must emphasize the importance of personal responsibility. Investors should be their own first line of defense by verifying the regulatory status and credibility of financial influencers before making any intentional investments, carefully evaluating the investment opinions they share, and thoroughly verifying the authenticity of the information."