The Xiamen Securities Regulatory Bureau takes regulatory measures against Xindingsheng Holdings for improper stock recommendations on the "Follow Bull AI" app.

On December 2nd, the Xiamen Securities Regulatory Bureau announced a decision to impose regulatory measures on Xiamen Xindingsheng Holdings Co., Ltd. It was found that the company's self-developed mobile app "Sui Niu A" was deemed as a recommendation software due to its functions of providing individual stock analysis forecasts, industry sector analysis forecasts, etc., to investors. However, the company was found to have violated multiple regulations in the conduct of its related business activities.