Hong Kong Securities and Futures Commission: Beware of scams claiming to offer compensation funds to investors

The Hong Kong Securities and Futures Commission issued a notice reminding the public to remain highly vigilant against scams that impersonate the Investor Compensation Fund. These scams often cause victims to suffer secondary losses. Scammers contact individuals who have previously suffered investment losses and falsely claim that the victims are eligible to recover losses from the compensation fund, demanding that they only need to pay an additional "deposit" or "fee" to arrange for the compensation fund to provide "compensation," resulting in many victims being defrauded a second time.

The Hong Kong Securities and Futures Commission reminds the public that the Commission will not contact investors through social media or instant messaging platforms to request payments related to compensation claims.