caution when allowing unlicensed business operators to set up exhibition booths, as this may inadvertently facilitate illegal activities. The SEC has been monitoring and observing events or exhibitions
, including those from foreign countries, as they are not under the SEC’s supervision and may pose a risk of fraud and scams. Concurrently, the SEC urges event organizers to exercise caution when allowing
On 17 September 2021, the SEC sent a circular to all listed companies advising listed companies that invest or plan to invest in digital assets to exercise discretion in making decisions regarding such investment. This is to prevent material impacts on the companies’ financial position or operating results as digital asset investment is usually exposed to relatively high risk from price volatility. In addition, the SEC reiterates that listed companies should take action and consider various fact...
invest in such products should proceed with extra caution since:(1) The product above has not been screened with regard to its qualifications and smart contracts by SEC-approved ICO portals; (2
more exhibitors were found to be engaging in securities, derivatives and digital asset businesses without proper license. The SEC therefore notified the event organizer to close the booths and suspend
The SEC has found numbers of cases of online fraudulent actions involving the unauthorized use of names, logos, executive or staff images of the SEC, the capital market business operators as well
fintech expo and found a number of business operators who may be liable to undertaking securities business, derivatives business or digital asset business without license. Additional evidence was collected
The SEC has found that World app users will receive WLD tokens through an airdrop after registering for the service via the World App and verifying their humanity (Proof of Human) through an Orb
after falling victim to scams. The SEC also coordinated with social media platform providers to block accounts suspected of fraudulent investment content. The public should exercise caution and stay