Legal analysis: No. ACE split financial management is an illegal fund-raising and illegal pyramid scheme. Regarding ACE splitting financial management, it is illegal and an illegal fund-raising act. There are several main reasons: First, the leaders of the ACE team will not participate in investment, and they will pull down line personnel. At the same time, this group of people need to attract enough offline people to be able to recover their principal. Secondly, the more offline, the faster the principal will be recovered. After the principal is recovered, some of the additional income will be forced to enter the queue and become the latest batch to go offline. The more offline people there are, the more money the ACE upper management will make. Finally, the upper levels can easily run away with the money, and the lower levels in the middle will lose all their money, so don’t trust such MLM organizations easily.
Legal basis: "Interim Measures for the Administration of Securities and Futures Investment Consulting"
Article 3 To engage in securities and futures investment consulting business, one must obtain a license from the China Securities Regulatory Commission in accordance with the provisions of these Measures. Business license. 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. Securities operating institutions, futures brokerage institutions and their staff who engage in securities and futures investment consulting services beyond the scope of the institution shall abide by the provisions of these Measures.
Article 4 When engaging in securities and futures investment consulting business, you must abide by relevant laws and regulations. regulations and relevant provisions of the China Securities Regulatory Commission, and follow the principles of objectivity, fairness and good faith.