Legal analysis: Illegal, no matter what name is used to recommend stocks, as long as the online stock recommender charges fees, it has violated the Securities Law, and may be suspected of insider trading, fabricating and spreading false information about securities and futures trading, and even manipulating the price of securities and futures trading.

Legal basis: Article 78 of the Securities Law of People's Republic of China (PRC). Issuers and other information disclosure obligors stipulated by laws, administrative regulations and the State Council securities regulatory authority shall fulfill their information disclosure obligations in a timely manner according to law.

The information disclosed by the information disclosure obligor shall be true, accurate, complete, concise and easy to understand, and there shall be no false records, misleading statements or major omissions.

Where securities are publicly issued and traded both at home and abroad, the information disclosed by the information disclosure obligor abroad shall be disclosed at the same time in China.