Is it bannable or punishable for players to bait or lure others into a group through the in-game "searching for group" option and subsequently kill them for their loot/gear? If so, where is it reported and are the names of players involved required?

Some context as to why I'm asking this: So I was looking for a squad in the Factory lobby and got invited by two players, as soon as we entered the game all seemed fine - I greeted the other two and as I wiggled and waved my hand, one of them shot me right in the face. Now I don't know if this was the act of one person or if both were working together on this, but it seems a bit too scumy to lure people into squads and kill them for their gear. I was aware that it could happen and that it was dangerous, and that people would do it. But at this point I'm just curious if it's actually an illegal act by the game rules (if those even exist) or if it's apart of the game and can be exploited by players to it's full extent. (Because I saw a post about the same kind of situation a few days earlier, where others commented on how it was a bannable offense, so I'm simply asking to confirm.)

Thank you to those who answer or give some insight on the post, happy holidays and raids.