# Social Media Regulation

Chasing Shadows: China Crackdown on 'Black Mouth' Gurus Exposes the Frailty of Retail Investor Trust

Chinese authorities have launched a massive crackdown on 'Black Mouth' financial influencers who use social media to manipulate stock prices and defraud retail investors. Through record-setting fines and criminal prosecutions, the government is signaling a shift toward zero-tolerance for unlicensed investment advice in its 240-million-strong retail market.