Investors in stocks need to exercise caution when it comes to the organizations and groups they join on social networks

DNHN - Investors are cautioned by State Securities Commission to exercise caution while joining groups on social networking sites to avoid falling prey to manipulation, which might result in unneeded harm.

Investors have been issued a recent warning by the State Securities Commission (SSC) to avoid taking unnecessary risks while investing in the stock market. According to the findings of the State Securities Commission, in recent times, in cyberspaces such as Zalo and Facebook, there has been a phenomenon of the establishment of groups and groups to exhort, invite, and entice investors to buy and sell transactions selling shares during the day (T+0) or investing in some stocks will bring a very high-profit rate. 

These groups and groups have been encouraging investors to buy and sell transactions by promising a very high-profit rate. The State Securities Commission (SSC) has certain suggestions, which are as follows, based on the monitoring and supervision it has conducted:

When joining in groups on social networks, investors must exercise extreme caution to avoid being deceived and incurring unwarranted losses. 

Before trading, investors should do a thorough investigation and verification of information based on official channels of authority, from units with securities brokerage and advising services licensed by regulatory organizations.

According to current rules, investors who want to trade on the stock market must create an account with a member of the Stock Exchange and use the services of a securities firm that provides brokerage services. 

Therefore, all relevant transactions (money, stocks, etc.) must proceed via a securities company's legal structure. Under existing legislation, T+0 transactions have not yet been implemented and are merely in the research phase until the management agency may declare them publicly and formally.

The State Securities Commission advises investors to educate themselves and exercise caution while engaging in groups and communities on social networks. 

In the process of implementing management and supervision, the SSC pays close attention to the monitoring and processing of information in cyberspace; concurrently, the management agency has been closely coordinating with the functional agencies to detect and vigorously prosecute individuals and organizations that violate securities law and other legal regulations.

Huan Phan