[A Chinese investment advisory company was charged by the US SEC] Jinshi Data reported on September 2 that the US Securities and Exchange Commission (SEC) recently disclosed an allegation. The US SEC announced that it had charged QZ Asset Management Limited, a China-based investment advisory company, its South Dakota-based holding company QZ Global Limited, and the two companies' CEOs Blake Yeung Pu Lei (Yang Pulei) with fraud. The US SEC's allegations allege that QZ Asset, QZ Global, and Yeung defrauded hundreds of people of at least $6 million. According to the allegations, QZ Asset and Yeung lied that QZ Asset would use its proprietary AI-based technology to help clients achieve extraordinary returns every week, while promising "100%" protection of client funds, and that well-known and reputable financial and legal firms were providing services to the company. (Shanghai Securities News) (Reprinted from: Jinshi Data)