Hong Kong SFC Strengthens Global Regulatory Cooperation to Combat Illegal Activities by Financial Influencers

Gate News message, April 24 — Hong Kong’s Securities and Futures Commission (SFC) announced it is working with securities regulators worldwide to combat illegal activities by financial influencers. Over the past year, the SFC has made progress through enforcement actions and collaboration with social media platforms to remove suspicious posts and accounts related to unlicensed activities.

The SFC successfully pursued a financial influencer who was sentenced to imprisonment for providing paid investment advice without a license in social media chat groups. The regulator also issued a compliance notice to another financial influencer for unlicensed promotion of overseas virtual asset trading platforms to Hong Kong residents.

Since July 2025, the SFC has submitted 12 reports to major social media platforms concerning 33 suspicious posts or accounts, with more than 90% of reported content being promptly removed by the respective platforms.