That's not true. Bibei Securities has registered its trademark and obtained the certification from the industrial and commercial department. It has a legal business license and is currently in business. Bibei Securities is registered with the US Securities and Exchange Commission (SEC), and is a member of FINRA and SIPC, which is directly supervised by FINRA. SIPC guarantees up to $500,000 (including $250,000 in cash) for each investor's account. Bibei Securities is the first truly China-free US brokerage firm and the first China team to obtain a US brokerage license. The core team members come from Internet listed companies in China, Internet finance companies, banks and large securities companies in the United States. They not only have rich internet and financial experience, but also have a deep understanding of the compliance of the US securities industry. The user experience of the product enjoys a high reputation among similar products.