2. It is illegal to start this kind of business online, which is tantamount to sending invitation information to the whole social group. Because your behavior belongs to business, it is illegal to do business without industrial and commercial registration.
Both the industrial and commercial bureau and the CSRC have the right to investigate and deal with this behavior, but there will be no imprisonment, but the website will be closed and a fine will be imposed.
3. The example of stockbroker shows that legitimacy confuses the concept. It is legal for stock brokers to provide services and charge customers in the name of securities companies or securities studios (registered) and investment companies, because the main actors are securities companies and investment companies.
It is illegal for a stockbroker to operate this kind of business independently unless he has gone through the formalities of industrial and commercial registration.