Chinanews Commentary: To prevent stock recommendations from becoming scams

The exposure of the stock recommendation scam during the "3.15" Gala once again reveals the true nature of certain so-called "investment institutions". Xinqiang Science and Technology Company has no qualifications in the industry, relying on the boss to randomly select stocks and deceive investors with rhetoric, sharing profits when they gain and leaving investors to bear the losses, which is a typical scam logic. Their promises of "joint research" and "risk control" are just ways to deceive investors. It must be emphasized to investors that there are no free lunches in the world, and anyone promising guaranteed profits is only after your capital. At the same time, regulatory authorities should take strong actions against unqualified companies like this, clear out scam channels such as telephone marketing and online promotion, cut off the black industry chain, and protect the public's financial interests.