Legal analysis: 1. If it is a company, do you have a business registration license? Does the business scope include training? If yes, proceed to the second step; 2, lectures, if it is training, whether it has been approved by the education department, if so, the third step; 3. It's just lectures and training, doesn't it involve stock promotion and analysis? If so, all right. Violation of the first article should be beyond the scope of business or operating without a license, which is the punishment of the industrial and commercial departments. Violation of Article 2 is illegal to run a school and shall be punished by the education department. Violation of Article 3 refers to engaging in illegal securities investment consulting business and being punished by the public security organ (or the CSRC). These are all administrative punishments. If the amount is huge and the influence is bad, you may be convicted.

Legal basis: Article 225 of the Criminal Law of People's Republic of China (PRC), in violation of state regulations, commits one of the following illegal business operations, disrupting market order, and if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times his illegal income or his property shall be confiscated: (1) dealing in franchise, monopoly goods or other commodities whose business is restricted by laws and administrative regulations without permission; (2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations; (three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business; (four) other illegal business activities that seriously disrupt the market order.