The judgment of the court below is reversed.

A defendant shall be punished by imprisonment for one year.

However, for a period of two years from the date this judgment becomes final and conclusive.

1. The sentencing of the court below (one year of imprisonment) is too unreasonable.

2. The crime of this case requires strict punishment since the defendant provided information on asset management through C or B, which is a medium with high radio wave, and Internet car page, and induce many unspecified investors to be an asset management expert, and actively explain the investment goods of the stock company B (hereinafter "the company of this case") to the investor of this case, and caused the company of this case to receive investment money of approximately KRW 3.9 billion without compensation. Such fund-raising act is harming the foundation of sound economic activities, distorted the market economy, distorted the market economy, and distorts the market economy, and has a great harm to the society as a whole. The amount of receipt due to the fund-raising act of this case is larger in size, and the period of receipt is less than that of the defendant's participation in the act of fund-raising act of fund-raising, and it seems that the defendant acquired approximately KRW 3.47 billion profits from the fund-raising act of this case for about three years, and it seems that the defendant was found that some of the investors of this case did not receive investment money from the fund-raising company of this case.