On February 28, Dalian Huaxun Investment Co., Ltd (Dalian Huaxun), a well-known veteran licensed securities advisory organization on the mainland, was investigated, and the chat records of the company’s employee group were exposed, with some salesmen saying, “Our company is to cheat foolish clients.”
Comprehensive mainland media news, Dalian Huaxun 147 suspects were taken into criminal compulsory measures on 28 for alleged fraud and false advertising, including the arrest of 12 company executives, including Chairman Zhou Chuifu.
Previously, Guohai Securities had issued a risk alert announcement on January 13 due to the loss of Dalian Huaxun’s chairman and a number of other executives.
Dalian Huaxun announced in the evening of February 4 that the company’s actual controllers, Li Ni and Zhou Chuifu, received a detention notice from the Longgang Branch of the Shenzhen Public Security Bureau on January 8, and Li Ni and Zhou Chuifu were criminally detained on suspicion of fraud.
According to media reports, Dalian Huaxun, cloaked as a “New Third Board listed company”, induced investors to buy “stock recommendation packages” by means of false propaganda, concealing the truth and promising returns, and cheated them out of high service fees. It is reported that the company involved in the case amounted to as much as 2.7 billion yuan (RMB, the same below), the investment of damaged people all over the mainland.
With the exposure of the case, part of the chat records of Dalian Huaxun’s employee group were also made public, and some salesmen said, “Our company is to cheat the money of foolish customers, who have no Culture and common sense to buy these products.” Another employee said in an internal communication group called “Billionaire”: “You guys discuss how to cheat customers’ money first.”
The newspaper quoted company employees as saying that the company has a complete set of words taught to each salesman during training, including how to respond to various questions raised by customers, and stressed that they should not sell to lawyers, journalists, police and other “sensitive” professions, because “their legal awareness is stronger and more difficult to get. “
Dalian Huaxun is by leading customers to buy “Huaxun stock” App membership to profit. Members have to pay 8,800 yuan a year service fee, up there are 28,000, 39,800, 128,000 yuan different grades. Depending on the sales, the salesman can get 3% to 10% of the performance commission.
Pay to join the membership of the customer, Dalian Huaxun will recommend conservative stocks, to prevent customers from buying after the hedge complaints, as for the purchase is up or down, it depends on the luck.
And before paying, customers will stay in the “stock recommendation group”, “master” will push the collection of bidding high open stocks or recent continuous stop stocks, the probability of such stocks will quickly stop after the opening, but investors almost no opportunity to buy, but will give Investors will have little chance to buy, but will create the illusion of “recommended stocks are soaring”. Once customers pay, they will be removed from the “stock recommendation group”.
The vast majority of those “master teachers” who recommend stocks to customers do not have the qualification to practice securities investment consulting. The company claims that “there are 85 professional researchers, 26 national top analysts, and more than 80% of the company’s employees have senior technical titles”. In fact, the vast majority of the company’s nearly 500 employees are not qualified to practice securities investment consulting, junior and senior high school degrees are not a few.
The company’s customer service department, for example, 50 customer service staff to be responsible for “service” more than 20,000 members, of which only four people have securities investment adviser qualifications, “one-on-one” professional services simply can not talk about.
Those who were lured to buy the “Huaxun Stock” App members have been found to be trapped after spitting: “the hands of the stock has not been unsettled, follow you a week to add insult to injury.” “The general market situation is so good, there is expert guidance, the stock is still losing money.”
Dalian Huaxun was established in 2000, is an early access to investment adviser license company, listed on the New Third Board in 2015.
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