Equity investment is just an investment method, and there is no saying whether it is a scam or not. However, any investment method is used by criminals to cheat. A few years ago, some private equity funds established the New Third Board Equity Investment Fund by advocating the concepts of "New Third Board" and "Belt and Road". Many investors have listened to the telemarketing or online marketing of some so-called asset management companies and wealth management companies, and think that trading on the New Third Board is profitable. Because the New Third Board has high requirements for the asset scale and investment experience of investors entering the market, these investors cannot meet the requirements for asset scale. Therefore, by paying high fees to relevant asset management companies or wealth management companies, these companies will advance funds on their behalf to help investors open the trading rights of small and medium-sized enterprises in the national share transfer system. Later, related companies induced investors to trade for various reasons, such as guiding the operation of the New Third Board, having inside information, and recently changing the board of a stock, which led to losses and disputes. There are still many New Third Board investment funds that can't realize the stock, which ultimately makes it difficult for investors to recover their investment and form a scam. These investment funds often receive the "financial consulting fee" of the investment target as early as after the investment is completed, and have already made money to leave, while investors are still waiting for the dream of high returns to come true. The above-mentioned affiliated companies may be suspected of fraud in inducing investors to trade.

Legal objectivity:

Measures for the Administration of Securities Registration and Settlement Article 20 Securities registration and settlement institutions may directly open securities accounts for investors or entrust securities companies to handle them on their behalf. Securities registration and settlement institutions shall follow the principle of facilitating investors and optimizing the allocation of account resources when opening securities accounts for investors. Measures for the Administration of Securities Registration and Settlement Article 21 When a securities company opens a securities account as an agent, it shall apply to the securities registration and settlement institution for obtaining the qualification of an account opening agent. When a securities company opens a securities account as an agent, it shall examine the authenticity, accuracy and completeness of the original valid identity documents and other account opening materials provided by investors in accordance with the business rules of the securities registration and settlement institutions, and properly keep the relevant account opening materials for a period of not less than 20 years. Measures for the Administration of Securities Registration and Settlement Article 22 Investors shall not provide their securities accounts to others for use.