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Is it illegal to recommend stocks to others on a short video platform for free?

Anyone who violates the law and engages in securities or futures investment consulting business without the permission of the China Securities Regulatory Commission shall be subject to confiscation of illegal gains and a fine not exceeding the equivalent value of the illegal gains.

According to Article 3 of the "Interim Measures for the Administration of Securities and Futures Investment Consulting": To engage in securities and futures investment consulting business, you must obtain a business license from the China Securities Regulatory Commission in accordance with the provisions of these Measures. Without permission from the China Securities Regulatory Commission, no institution or individual may engage in various forms of securities and futures investment consulting services listed in Article 2 of these Measures.

According to Article 12 of the "Interim Measures for the Administration of Securities and Futures Investment Consulting": Persons engaged in securities and futures investment consulting business must obtain securities and futures investment consulting qualifications and join a qualified securities firm. , futures investment consulting institutions before engaging in securities and futures investment consulting business.

Any person who has not obtained the qualification for securities or futures investment consulting, or who has obtained the qualification for securities or futures investment consulting but does not work in a securities or futures investment consulting institution, may not engage in securities or futures investment consulting business. .

According to Article 32 of the "Interim Measures for the Administration of Securities and Futures Investment Consulting": Anyone who engages in the securities and futures investment consulting business stipulated in Article 2 of these Measures without permission from the China Securities Regulatory Commission shall be subject to local regulations. The Securities Regulatory Commission (CSRC) ordered the company to stop and imposed confiscation of illegal gains and a fine not exceeding the equivalent value of the illegal gains.

Extended information:

"Interim Measures for the Administration of Securities and Futures Investment Consulting"

Article 6: Institutions applying for securities and futures investment consulting qualifications shall have The following conditions:

(1) Institutions engaged in securities or futures investment consulting business respectively have five or more full-time personnel who have obtained securities and futures investment consulting qualifications; institutions engaged in securities and futures investment consulting business simultaneously , have more than ten full-time personnel who have obtained securities or futures investment consulting qualifications; at least one of its senior managers has obtained securities or futures investment consulting qualifications;

(2) Have RMB 1 million The above registered capital;

(3) Having a fixed business location and communication and other information transmission facilities suitable for the business;

(4) Having company articles of association;

(5) Have a sound internal management system;

(6) Meet other conditions required by the China Securities Regulatory Commission.

Article 7 Securities operating institutions and futures brokerage institutions shall meet the conditions stipulated in Article 6 of these Measures before they may apply to engage in securities and futures investment consulting services beyond the scope of the institution.

Other institutions engaged in consulting business may apply to concurrently engage in securities and futures investment consulting business if they meet the conditions stipulated in Article 6 of these Measures.

China Securities Regulatory Commission-"Interim Measures for the Administration of Securities and Futures Investment Consulting"