（文章来源：经济日报） 表面上"带你赚钱"，实则是"赚你的钱"。部分投资者，尤其是新入场的投资"小白"，盲目崇拜网络大 V，投资理财不看基本面、不理风险点，跟风炒作，最终成了接盘侠。根据监管部门披露，2024年9月2 日至2025年4月16日期间，金某在其账号公开发文评价、推荐32只股票，并控制账户组进行大量反向卖 出交易，交易金额合计达6.3亿元，违法所得逾4162万元。这数千万元的获利，正是来自一众相信、追 随他的粉丝高位接盘。 扭曲价格信号，扰乱市场秩序，损害普通投资者利益……财经大V非法荐股的危害有目共睹。虽然事后 不少大V辩称"单纯分享投资心得""未诱导粉丝接盘股票"等，但法律对这种行为的态度非常明确。证券 法规定禁止任何人操纵证券市场，包括对证券、发行人公开作出评价、预测或者投资建议，并进行反向 证券交易等。近段时间，监管部门更是持续加大对涉资本市场的自媒体大V违法违规行为的打击力度， 依法处置一批炮制谣言、非法荐股的账号，释放出对非法荐股严管重罚的坚决态度。 股市不是财经大V们的生意场。一个平稳健康运行的资本市场，需要公开、公平、公正的投资环境，需 要每一名参与者共同维护。对网络大V、财经博主们 ...

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].

"伪财经大V" 套路大曝光。 近日，雪球平台接连发布多份《涉资本市场违规信息专项整治行动处置公告》，对一批违规荐股、误导投资者的账号作出处置公示，再度将股市"财经大 V"的黑色产业链推向公众视野。 不同于普通的投资建议偏差，这些被查处的"财经大V"（以下简称"伪财经大V"），早已形成一套从"身份包装"到"流量收割"，再到"利益分赃"的完整黑色 产业链，其套路设计精密、隐蔽性强，精准抓住了普通投资者"急于盈利、缺乏专业判断"的弱点。 三层套路构建"收割闭环" "隐蔽操纵+免责规避"，游走在法律边缘的"收割闭环"。为逃避处罚，伪大V套路不断升级。金永荣在帖文标注"不推荐买卖"等免责声明，试图包装成"个 人投资分享"，但监管明确此类声明仅为形式，其反向交易的操纵意图明显。收割完成后，伪大V要么注销账号、更换昵称继续作案，要么以"市场波 动""不遵守门规"为由拒绝担责，甚至拉黑投资者失联。 平台从被动应对到体系化防控 雪球对违规账号的封禁并非单一平台的临时举措，而是近年来互联网平台针对伪财经大V乱象，从被动应对转向主动防控、从单点打击走向体系化监管的 缩影。 在防控措施方面，各大平台纷纷升级技术与制度双重屏障。某互联 ...

原创 大财可富司机 雪球，"聪明的投资者都在这里"。 这里有真刀真枪闯过牛熊的老炮，有揣着本金想喝汤的小白，更藏着一大批靠吹票割韭菜、把"造神"当生意的假大V。 日前，雪球用三份公告给股市造神运动送葬：22个百万粉丝大V一日团灭。从"杭州新城路"到"疯狂梭哈哥"，那些曾让散户顶礼膜拜的"股神ID"，一 夜之间变成了"该账号已封禁"的灰色墓碑。 这波雷霆整治不是平台作秀，而是监管挥向股市黑嘴的断头铡。整治明确瞄准了四类乱象，每一种都戳中散户的痛点。 第一种是诱导跟风交易。这些大V打着游资战法的旗号，抱团炒作妖股，自己偷偷在低位建仓，等散户忽悠着高位冲进去后，转身砸盘跑路，留散 户高位站岗。 雪球大V"u兄万亿孤独之路"，真名叫关善祥。靠着"30万本金十年做到上亿""终极目标500亿，家族基金万亿传承"的噱头，把自己包装成"中国巴菲 特"，收割了一大批信徒。 第二种是非法荐股导流。无资质却搞付费社群，外加指导操盘，把用户骗到第三方平台割韭菜。 第三种是团伙化操控。用矩形账号、马甲号联动造势，制造虚假热度。 第四种最为隐秘，用AI批量炮制小作文，编造内幕消息、歪曲解读公开数据，精准误导散户。 这些大V深谙收割套路， ...

Core Viewpoint - The article emphasizes the importance of recognizing and avoiding illegal stock recommendations and fraudulent investment schemes during the National Campaign for Preventing Illegal Securities and Futures Fund Activities [3]. Group 1 - The article highlights the ongoing National Campaign aimed at raising awareness about illegal stock recommendations and the risks associated with them [3]. - It stresses the need for investors to be vigilant and informed to avoid falling into traps set by fraudulent entities [3].

Core Viewpoint - The regulatory crackdown on online violations related to the capital market is intensifying, highlighted by the significant penalty imposed on influencer Jin Yongrong for market manipulation, amounting to over 80 million yuan [1]. Group 1: Regulatory Actions - On January 19, the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission (CSRC) imposed an administrative penalty on Jin Yongrong for manipulating the securities market, resulting in a fine and a three-year market ban [1]. - The Zhejiang Regulatory Bureau's investigation revealed that Jin Yongrong used the "Jin Huo" account on the Xueqiu platform to publish stock recommendations and engaged in various promotional activities across multiple platforms, amassing over 107,000 followers by April 2025 [1]. - The total trading amount involved in the manipulative actions was approximately 631 million yuan, with illegal gains totaling 41.62 million yuan [1]. Group 2: Defense and Rebuttal - Jin Yongrong and his legal representatives argued that he lacked the market influence necessary for manipulation and claimed that his posts did not constitute stock recommendations [3]. - The Zhejiang Regulatory Bureau rejected these defenses, affirming that the data regarding post views was accurate and that the posts had a significant impact on stock prices and trading volumes [3]. - The Bureau emphasized that disclaimers in the posts did not alter the nature of the actions taken by Jin Yongrong [3]. Group 3: Platform Response - On the same day as the penalty announcement, Xueqiu's security center initiated a special governance effort to address online violations, focusing on four types of misconduct, including market manipulation and the spread of false information [4]. - Xueqiu announced that it would take a range of actions against violating accounts, including warnings, content removal, and permanent bans [4]. - The platform had already begun cleaning up accounts involved in illegal stock recommendations and "water army" activities prior to the announcement [4]. Group 4: Broader Regulatory Context - On January 20, Xueqiu's security center permanently banned 22 accounts for violations, indicating a coordinated effort against false information and illegal stock recommendations across multiple platforms [5]. - The regulatory environment has seen increased scrutiny on illegal stock recommendations and excessive speculation, with recent actions taken against various accounts spreading misinformation [5]. - The CSRC's recent meeting emphasized the importance of maintaining market stability and rigorously addressing market manipulation and excessive speculation [10].

财经"大V"金永荣因操纵证券市场，被浙江证监局罚没超8300万元，并采取三年证券市场禁入措施。A 股市场热度持续攀升，个别财经"大V"却动起了歪心思，试图通过忽悠投资者实现非法获利。但A股不 是财经"大V"的生意场，非法荐股、操纵股价都是法律红线，一旦触碰必将被重罚。 此外，打击财经"大V"的违法违规行为，需要各平台重拳出击。1月20日，雪球安全中心发布公告称， 永久封禁多个违规账号。 面对个别财经"大V"精心编织的骗局，投资者更要在日常提高警惕，守护好自己的钱袋子。尤其要树立 正确的投资观念，对网络上所谓的股神们避而远之，要知道，资本市场里没有常胜将军。那些动辄就翻 倍的收益图，大概率都是为了忽悠投资者而专门伪造合成的图片。 值得注意的是，个别财经"大V"别有用心的荐股，会助长投机炒作与滋生内幕交易及操纵股价的行为， 既侵害了投资者利益，又不利于市场的稳定发展。而A股市场的健康发展需要公平、公正、公开的交易 环境。严厉打击涉嫌违法违规的财经"大V"，有助于引导资金流向真正有价值的投资领域。 投资是一门学问，投资者想要在资本市场中获得较好的投资收益，绝对不能盲目听信那些财经"大V"的 投资建议，而是应该通过对 ...

监管处罚发出后，雪球平台开展了整治资本市场违规信息的专项行动。1月20日，雪球先后发布两份 《涉资本市场违规信息专项整治行动处置公告》，对相关违规账号进行封禁。 雪球封禁违规账号 1月19日，雪球"大V"金永荣因操纵证券市场，被浙江证监局合计罚没超8300万元，并被采取3年证券市 场禁入措施。 律师称：平台应加强资质管理 为严肃查处过度炒作乃至操纵市场等违法违规行为，坚决防止市场大起大落，雪球方面在本次活动中， 主要重点打击四方面内容： 有"大V"称遗憾 诱导跟风、小作文、非法证券投资咨询、违规导流……资本市场乱象频发。为妥善解决上述问题，雪球 平台开展了专项整治行动。 1月20日，雪球平台发布了两则专项整治行动处置公告，对多位平台"大V"进行封禁。 在两份公告中，雪球对违规账号"杭州新城路""轮回666""福禄娃爷爷""佛系万梅作手""武汉刘青正""郑 州复兴路""主线龙""花花牛2016""阿呜呜一大口""铭鑫稳盈""宇中追枫实盘"作出永久封禁处置。 事实上，在"金浤"账户拥有人金永荣被监管处罚的事件发酵后，雪球平台上就有用户要求封禁其他"大 V"的声音，其中就包括此次被雪球封禁的"轮回666"。 在"轮 ...

Group 1 - The core issue highlighted is the manipulation of the stock market by certain financial influencers, leading to significant penalties and bans from the securities market [1][2] - Regulatory authorities are maintaining a high-pressure oversight environment to deter illegal stock recommendations and price manipulation, with substantial fines and bans aimed at increasing the cost of violations [2] - The actions of financial influencers not only distort normal supply and demand but also directly harm the legitimate rights of investors, necessitating strict penalties to eliminate market manipulation [1][2] Group 2 - The case of Jin Yongrong illustrates the effectiveness of big data monitoring and penetrating regulation in uncovering hidden illegal activities in stock trading [2] - Platforms are urged to take strong actions against violators, as seen with Xueqiu's announcement to permanently ban multiple accounts for misconduct [2] - Investors are advised to remain vigilant against misleading investment advice from financial influencers and to focus on thorough research of company fundamentals and macroeconomic trends for sound investment decisions [3]

当专业的投资分析被流量化、娱乐化的荐股内容取代，当理性的价值判断让位于情绪化的跟风操作时，不仅会让无数散户 的个人财富面临缩水风险，更可能加剧市场的非理性波动——大量散户的盲目买卖行为，极易放大板块涨跌幅度，干扰资本市 场正常的定价机制，侵蚀市场长期健康发展的根基。 此次荐股热潮的核心风险，在于它打破了证券投资咨询的专业壁垒与法律边界。我国证券法明确规定，从事证券投资咨询 业务必须"经国务院证券监督管理机构核准，取得经营证券业务许可证"，任何未获许可的荐股行为，无论主体是谁，本质上都 是非法活动。 缺乏专业知识的普通散户，极易被"身边人推荐""多人追捧"的羊群效应裹挟，并将偶然的盈利当作必然的投资逻辑，彻底 忽视股市"高收益与高风险相伴相生"的底层次规律。 从更深层次看，荐股热潮背后也折射出散户投资者教育仍任重道远。在资本市场改革深化的当下，散户仍是市场的重要参 与者。数据显示，当前A股投资者已超过2.5亿，其中95%以上为中小投资者。同时，尚有部分投资者缺乏风险识别能力，对"内 幕消息不可信""非法荐股是陷阱"的认知仍不足。 ■田鹏 农村大娘在网络闲聊时分析个股走势、幼儿凭借稚嫩的"荐股金句"刷屏网络……近 ...