[Is live broadcasting illegal? Ministry of Public Security supervises a securities-related illegal business case involving 500 million yuan, and the defendant is released on bail] Morgan Stanley's branch was revoked its business license, with the involved amount reaching 550 million yuan. The head of the Shandong branch was detained for 37 days and released without charges‼️ Where is the boundary of financial marketing?

Today, I want to talk about a case that happened just last month, involving an amount of 550 million yuan, and after defense, the parties were acquitted.
Recently, Lawyer Zhou handled a case involving a well-known securities company's business manager suspected of illegal operations.
The involved company has been penalized by the China Securities Regulatory Commission and had its securities investment consulting license revoked, and an administrative review application was rejected. Later, the police intervened for nearly three years of investigation. The party was suddenly detained near the Spring Festival, making bail difficult.
After multiple meetings, five reasons were proposed for bail. Through several rounds of communication with the investigating officer, it was learned that the case would not be prosecuted before the detention period expired. Yesterday, I accompanied the client throughout the process of changing the compulsory measures to bail, which was very touching.
First, after talking with Lawyer Zhou, I learned that this is a case supervised by the Ministry of Public Security. It involves a financial case, and the company involved was originally Morgan Stanley in Shandong, also known as Morgan. A branch under it. After opening a branch in Shandong, they developed a live streaming software.
Within this live streaming software, many financial influencers were invited to do live broadcasts and explanations.
Some of these influencers used the live streaming platform to illegally recommend stocks to viewers, who are retail investors, engaging in stock recommendation activities.
Initially, the Ministry of Public Security believed that this stock recommendation activity was conducted by Morgan Stanley’s Shandong branch, which had signed stock recommendation agreements with these influencers during the live broadcasts. Therefore, they believed the live streaming platform was involved in illegal operations. They investigated this company and revoked all business licenses of Morgan Stanley’s Shandong branch.
Ultimately, it was determined that Morgan Stanley’s branch did not have such stock recommendation agreements with these influencers during the live streaming. Instead, these influencers engaged in illegal stock recommendation activities during their use of the platform.
During the entire defense process, a large amount of evidence was collected. Many retail investors were visited, and numerous financial influencers were interviewed. A complete conclusion and evidence were obtained and submitted to the relevant authorities.
In the end, the authorities fairly and objectively accepted the facts based on the comprehensive evidence, and bail was granted.
It is very rare for the Ministry of Public Security to supervise a case involving 550 million yuan and for bail to be granted. This happened just last month, which shows the strength of the case.