According to industry sources, regulatory authorities recently issued a notice within the industry, requiring brokerages to strengthen the management of 'stock recommendation software', prevent relevant business risks, and effectively protect the interests of investors. It is understood that regulatory authorities require brokerages to improve the access review mechanism for software tools, carry out risk disclosure and information disclosure, and enhance information protection and data security management. Regulatory authorities stated that securities companies using 'stock recommendation software' to conduct securities investment advisory services should not change the essence of securities investment consulting business by leveraging information technology means, should comply with current laws and regulations and relevant provisions of the China Securities Regulatory Commission, and pay attention to identifying new risk points that may arise due to the use of software tools. (Cai Li An Society)