Core Viewpoint - The regulatory scrutiny of the securities advisory industry continues, with multiple firms facing administrative actions for misleading marketing practices [1][6]. Group 1: Regulatory Actions - Heilongjiang Securities Regulatory Bureau issued a warning letter to Rongwei Securities, requiring a corrective report within three months due to misleading marketing practices [2][4]. - Two other advisory firms, Sichuan Dajue Securities and Chengdu Huiyang, were also ordered to rectify similar issues [1][6]. - A total of 24 advisory firms or their branches have been subjected to measures that suspend new client acquisitions as of June 30 this year [8]. Group 2: Specific Violations - Rongwei Securities was found to have misrepresented service capabilities, improperly managed live streaming accounts, and failed to report the departure of certain executives [2][5]. - Sichuan Dajue Securities was cited for inadequate compliance management, failure to fully inform clients, and misleading marketing [6][7]. - Chengdu Huiyang faced similar compliance issues, including lack of reasonable basis for investment advice and misleading marketing [6][7]. Group 3: Industry Context - The securities advisory industry has seen an increase in regulatory penalties amid heightened scrutiny [6][8]. - Misleading promotional practices often involve promises or guarantees of returns, driven by firms' desire to attract clients [8]. - Notable firms among the 24 that faced client acquisition suspensions include Jiangsu Bairuiying Securities Consulting and Beijing Tianxiang Wealth Management [8].