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Hong Kong's First Financial "Influencer" was Sentenced to Jail for Operating an Unlicensed Paid Social Media Group Offering Investment Advice

6 hours ago

November 8th. According to reports from Hong Kong media outlet Hong Kong 01, the Eastern Magistrates' Court in Hong Kong ruled that financial "internet celebrity" Royston Chow Pak-Hin illegally set up and managed a subscription-based chat group via a social app to provide investment advice without a license and was sentenced to six weeks' imprisonment. It is reported that this is the first case in Hong Kong where someone has been sentenced to imprisonment for the offense of providing unlicensed investment advice. The Hong Kong Securities and Futures Commission stated that Royston Chow Pak-Hin earned a total of 43,680 Hong Kong dollars by charging fees from chat group members. The Commission will continue to crack down on the illegal activities of financial "internet celebrities" and hold them accountable.

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