What is illegal stock consultation?

Illegal securities investment consulting refers to the activities that relevant institutions or individuals engage in direct or indirect securities investment analysis, prediction or suggestions and other paid consulting services for investors or customers without the approval of China Securities Regulatory Commission. This behavior violates the securities law. In view of the illegal business operations that disrupt the market order and have serious circumstances, there are relevant provisions in the criminal law on the crime of illegal business operations. For a long time, some lawless elements, seeing that many shareholders want to buy bull stocks, used their own "inside information" and "private trading information" as bait to induce shareholders to pay membership fees and deceive the people. 2065438+March 2006, Fujian police busted a large fraud gang of "illegal stock recommendation" and criminally detained 64 criminal suspects, involving a sum of1000000 yuan. The fraud gang headed by the criminal suspect Zheng registered and established "A Investment Consulting Co., Ltd." and "B Network Technology Co., Ltd." without the approval of the relevant departments and without any qualification for stock recommendation. Subsequently, in the name of the company, the information of recruiting telephone operators and salesmen was published online, and a large number of inexperienced college graduates were recruited for training, so that employees could "develop" foreign customers through dialing software and impersonate various private equity funds to provide "inside information" on stock trading, ask for customer QQ numbers, induce customers to pay membership fees and other names to defraud customers, thus implementing fraud.

Through the above cases, investors should always be vigilant in the following aspects to avoid unnecessary losses. The insiders believe that this kind of case is characterized by criminals claiming to be "stock gods" or falsely claiming that they have "inside information", or pretending to be formal securities institutions to defraud investors. Once investors are hooked, they are required to join the club and pay membership fees. In fact, investors can see through the scam as long as they think a little. If the swindlers really knew about the so-called "bull stocks", wouldn't he have made a fortune by speculating himself? Can he still earn any consulting fees or membership fees from investors? Investors should also be reminded that even legal investment institutions with securities investment consulting qualifications are not allowed to charge so-called "membership fees". Investors accepting securities investment consulting and financial services shall entrust legal institutions with business qualifications recognized by the China Securities Regulatory Commission. The list of legal person institutions can be found on the websites of China Securities Regulatory Commission, China Securities Association and China Securities Investor Protection Fund Company. Before engaging in investment consulting business, securities practitioners must apply to China Securities Association for the qualification of "investment consultant" through their institutions. Legal securities investment consulting institutions generally need to sign written service contracts or electronic contracts with customers when providing investment consulting services. For those securities investment consulting services that cannot provide investment consulting contracts or have incomplete contract elements, investors must be highly vigilant.