Illegal Zhitongda Margin Trading, where inforced liquidation and closing out are caused by its teachers

Is Zhitongda Margin Trading legal in China? The commonest fraud platforms in today’s market are apt to equip with no operation qualification. They take advantage of investors’ shortage of financial markets expertise and entice them by a fast access to high profits so as to cheat of investors’ deposit. Those fraud platforms continue their customer enlargement, which is literally another Ponzi scheme. The platforms seem to operate according to regular broker mode, but in fact have no risk management abilities and efficient risk control measures. They totally bet against customers’ orders, with easy depositing yet unavailable withdrawing. Some of those platforms go bankrupt, some run away with customers’ money. Investors are often the victims who loss everything. Exposed platform: Zhitongda Margin Trading; Trading products: margin security trading; Broadcasting room: Finance Today; Teachers: Zhou Yilong, Tian Qi, Wang Yi, Ye Feng, Chen Huiyan. Experience of the victim: In July, 2019, I was invited by a stranger into a communication group, whose owner name was Zhou Yilong. He incited everyone to invest together..