“100% refund” “big profit” fooled by saying… Stock investors ringing in the reading room

Contrary to the first words, if you see a loss, please do not refund… Some requests for penalty, etc.

(Seoul = Yonhap News) Securities Team = Officer K (37) joined a stock reading room run by a company in October last year.

It was after receiving a text message and a phone call for two months, saying that the company’s representative is a famous person who also conducts YouTube related to stocks.

K, who was invited to the chat room, received stock market news every morning. And, by text from the company, I received instructions such as’buy a certain stock at what price of the stock’,’invest a percentage of the funds’, and’sell it now’.

However, the profits were not good. As losses continued, Mr. K requested to terminate the contract a month after signing up.

Then the attitude of the company changed dramatically. Unlike when he said, “I will refund 100% of the fee for use if there is no profit,” he said at the time of signing up, he said he could not give a refund. In order to be successful, he asked for a penalty fee and information usage fee. He also said he would move to a better room at no extra charge.

In the end, Mr. K was able to get out after receiving a partial refund of the fee only after losing 20% ​​of the principal. Including investment losses and usage fees, Mr. K lost close to 10 million won.

According to the Yonhap News report on the 7th, the damage caused by the stock reading room is also increasing as the number of novice stock investors increases. In particular, participation in the reading room not only results in a loss of investment, but also damages the refund of usage fees.

As in the case of Mr. K, it is a way to pay a refund condition different from the one mentioned at the beginning, request a penalty fee, or deliberately drag a refund until the contract period, and eventually receive all the fees.

Usage fees vary from hundreds of thousands of won to tens of millions of won per month. Companies usually set different usage fees for the presence or absence of’good information’.

“It is the user’s fault,” said Choi Hankyoreh, attorney at Myungjae Law Firm, saying, “(If there is a loss or request for a refund), it is the user’s fault.” It has to be resolved in civil affairs, but there is a part where it is difficult for individuals to collect such data as’I indicated my intention to refund at this time.’

In some cases, a user who requests a refund is threatened. Mr. K posted an article on the Internet asking if the company was fraudulent, and was told that he could be sued by the company for defamation. In fear, Mr. K continued his reading room for two more months.

Regarding this, lawyer Choi explained that there is little possibility of losing on charges of defamation, even if a simple complaint of damage leads to an actual lawsuit. However, it can be a problem if you make primary criticisms such as abusive language to the company.

In addition, there are various cases of damage. According to the Financial Supervisory Service, one investor lost 90% of the principal while managing the funds by entrusting his or her accredited certificate and password to a reading room company that he normally participated in. It was the case that the representative of the company went over to the proposal that it would make a big profit by operating the account directly.

However, it is illegal for a similar investment advisory business operator to take over the investor’s assets.

Some companies buy stock in advance and use the members of the Reading Room to make their own profits. One company suggested a target price of unlisted stocks purchased for 120,000 won per share at 500,000 to 600,000 won, attracted members to buy, and sold them at 250,000 won per share, making huge profits. Members had to suffer big losses.

Attorney Choi said, “It’s hardly a lie to file a ‘100% money-back guarantee if there’s no profit,” he said. “Because it’s difficult to sue this for fraud, it is necessary to judge in advance like’hype.'” said.

However, even though the damage to the stock reading room has been widely known, the step toward the reading room continues. It is analyzed that this phenomenon is caused by the idea that you cannot be alienated from the situation in which you are investing in stocks and the difficulties of stock investment itself.

Mr. K said, “I have to study myself and invest, but I think it is difficult to study about the sport while at work.” Even after terminating the contract with the company, he is investing in other free reading rooms.

Hwang Se-woon, a research fellow at the Capital Market Research Institute, said, “You have to invest a lot of time and effort, such as analyzing companies and macroeconomics, to gain judgment on the selection of stocks and market trends. He pointed out that there is still a lot of anticipation as to whether it will be possible to make higher profits more comfortably by simply taking the right stock.”

“As long as the demand for high profits at low cost remains, the stock reading room will continue to be active without eradicating.” It can be nice to get involved in a way,” he advised.

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2021/03/07 07:00 sent