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Reveal of losses scam in CINDAFutures
In this June,I receive a friend request in a stock-exchange group,the peer shared some experience on stock trading with me and told me to share good stock together.I had a good conversation with him.After a month,he told me that he had made some profits by a teacher’s instruction.Then I was pulled into a group,in which I have observed for some while,finding that there was a teacher named Mingxuan Luo teaching on stocks and recommending stock,which I found was really good.In the middle of July,Luo began to induce futures to us, saying that the market is good, and advise us to grasp the trend.Then he pulled the salesman of CINDAFutures into the group and asked us to open account in it.He said to take us to make money together.In the next week,many members sent their screenshot of profits,which overweighed my profits.Having thought overnight,I withdrew my fund in stock and deposited 600000 RMB into CINDAFutures.I have planned to recover part of my losses in stock,while I made a loss of 300000 RMB within 3 days.As long as the teacher instructed me to operation for the cocking market,the market would do down.I had a sleeplessness,felling something was wrong.
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China Financial Futures Exchange Co. Ltd. (CFFEX), established with the approval of the State Council of the People’s Republic of China and the China Securities Regulatory Commission (CSRC), is an incorporated exchange specializing in providing trading and clearing services for financial futures, options and other derivatives. On September 8, 2006, CFFEX was established in Shanghai by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange, and Shenzhen Stock Exchange. The establishment of CFFEX and development of China’s financial futures market bear great strategic significance on deepening the financial market reform, enhancing the financial system, facilitating the robust functioning of the financial market and adapting to the new normal of economic development.
License Type:Futures License
Regulated in Country/AreaChina
Regulatory License No.：0017
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :Annex1
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