Core Viewpoint - The article highlights the emergence of a black market for misleading investment advice, particularly through "pseudo-financial influencers" who exploit ordinary investors' psychological weaknesses for profit [2][4]. Group 1: Pseudo-Financial Influencers' Tactics - Pseudo-financial influencers create a complete scam loop by manipulating investors' trust in authority, desire for high returns, and urgency for profit [4]. - They establish a false identity as "authoritative stock gods" through deceptive practices, including fabricating credentials and using multiple platforms to amplify their reach [4][6]. - The "step-by-step harvesting" strategy involves initially attracting investors with free stock tips, then charging for premium services, and ultimately executing reverse trades for profit [6]. Group 2: Regulatory Response and Platform Measures - Platforms like Xueqiu are transitioning from passive responses to proactive measures against pseudo-financial influencers, implementing systematic regulations and technical barriers [8]. - Enhanced content review mechanisms and strict identity verification processes are being established to prevent the spread of misleading investment information [8]. - Despite these efforts, gaps remain in content review and identity verification, allowing some pseudo-influencers to continue their activities across different platforms [8]. Group 3: Market Protection and Education - Regulatory bodies are intensifying their crackdown on illegal stock recommendations, establishing a comprehensive framework for prevention, enforcement, and accountability [11]. - The dual approach of administrative and criminal penalties aims to deter pseudo-influencers and protect investors [12]. - Educational initiatives are being promoted to enhance investors' risk awareness and understanding of market dynamics, fostering a culture of rational and professional investment [13].

Core Viewpoint - The article exposes the deceptive practices of "pseudo-financial influencers" in the stock market, highlighting a complete black industry chain that exploits ordinary investors' psychological weaknesses for profit [1][3]. Group 1: Structure of Deceptive Practices - Pseudo-financial influencers create a "fake authority" persona through identity fabrication and multi-platform promotion, manipulating investors' trust in authority [3][4]. - They employ a three-step "harvesting" strategy: free offerings to attract investors, followed by paid services, and ultimately, significant financial losses through reverse trading [4][9]. - The influencers often evade accountability by using disclaimers and changing identities after scams, making it difficult for regulators to track them [4][10]. Group 2: Regulatory Response and Industry Measures - Regulatory bodies are increasing efforts to combat these fraudulent activities, establishing a comprehensive framework for prevention, enforcement, and accountability [9][10]. - Platforms are enhancing their technical and institutional safeguards, including algorithm upgrades to intercept misleading content and strict identity verification for content creators [6][9]. - Despite these efforts, gaps remain in content and identity verification processes, allowing pseudo-influencers to continue their operations across different platforms [6][9]. Group 3: Market Environment and Investor Behavior - The current market recovery has led to a rise in illegal stock recommendations, with many small investors relying on influencers for trading decisions, creating fertile ground for scams [7][10]. - The majority of investors in the A-share market are retail investors, who often lack the knowledge to discern credible financial advice from scams, further enabling the activities of pseudo-financial influencers [7][10].