Douyin: Crack down on illegal securities activities such as "illegal stock recommendation"

On March 10th, Douyin is committed to creating a clean and upright community environment. The platform encourages financial and securities professionals to publish authoritative and true stock and securities information through the platform, share professional knowledge, and do not spread rumors or rumors to jointly promote the prosperity of the industry. At the same time, the platform also continues to crack down on violations such as "providing paid stock recommendation services to institutions or individuals without relevant qualifications" and "fabricating, disseminating misinformation or misleading information, affecting stock prices or trading volume for illegal profit". Recently, the platform found that a small number of accounts claimed that they could use various AI tools to achieve so-called "high returns and high returns" without relevant qualifications, or "recommend efficient AI stock selection tools" and "sell AI stock trading courses" as gimmicks to attract users' attention, and even commit fraud. The above words and deeds seriously violated the platform's rules. The platform has strictly disposed of relevant accounts and videos. The specific disposal methods include but are not limited to banning accounts, removing videos from shelves, withdrawing live broadcast and profit permissions, erasing accounts to improperly acquire fans, and clearing MCN institutions to which illegal accounts belong. If the circumstances are serious, the platform will report the case to the public security organ.