Confiscated 129 million yuan to make black stock critics shut up

category:Global
 Confiscated 129 million yuan to make black stock critics shut up


The reason for the punishment is not that the stock recommendation itself is not reliable, but the related interest conflict behavior of the sponsors stock that combines the specific identity, that is, the reverse transaction. Recently, the media reported that Liao Yingqiang, the host of the securities program and Internet Securities program, was fined 129 million yuan by the China Securities Regulatory Commission. As the SFC affirms that it publicly appraise and recommend the stock, use the account group with its control before recommendation to buy the related stock, and sell it in the afternoon or the next day after the recommendation, which constitutes the manipulation behavior. The identification of an illegal act can be divided into two levels: fact finding and law application. The act of this case is called robbing hat in law. Although there is no direct regulation in the securities law, it is universally acknowledged that it exists. The securities market manipulation behavior identification guidelines (Trial) also aims at securities companies, securities advisory bodies, professional intermediaries and their staff. A special definition is made. It can be seen that the hat robbing is generally applicable to a special market subject with a surface credibility. The harm is that other market traders may expect, trust these special subjects to recommend stocks, and even pay them to recommend stocks. Some black heart people are not good faith recommendation, instead of letting others lift the sedan chair for themselves, such as to buy a specific stock, and then use their credibility to induce a large number of unidentified masses to buy, the stock price rises, and they sell at first. Or reverse operation, first depreciate specific stocks, induce others to sell a lot, and lower the share price, then buy them again. Such an approach takes advantage of asymmetric information with others, which is prohibited by law. The reason for the punishment is not that the stock recommendation itself is not reliable, but that it combines the related interest conflict behavior of the specific person in the specific status, that is, the reverse transaction. Liao Yingqiang is an influential investor, but it is rare that he does not have the punishment of robbing a hat by a person who is not eligible for the formal securities investment consulting business. Close to the case, Yuan Zhengjian, the two blogger written in 2011 and 2014, was also punished by Yuan Zhengjian. So this case may indicate a new law enforcement trend. However, the CSRC penalty book did not specify the nature of Liao, but also used the terms of manipulation by other means. Wang Jianzhong and Yu Kai were also prosecuted for criminal responsibility in accordance with the crime of manipulating the market. Because their illegal earnings are much higher, and they also have formal securities investment consulting qualifications. From the Supreme Peoples Procuratorate and the Ministry of public security in May 2010, it was issued jointly by the Ministry of public security on the standards for prosecution of criminal cases in the jurisdiction of public security organs (two), and the black stock critics will be in jail, and more cases should be disclosed. The source of this article: the author of the Beijing News: Miao Ying Zhi editor: Ji Ke _b6492 Liao Yingqiang is an influential investor, but it is rare that he does not have the punishment of robbing a hat by a person who is not eligible for the formal securities investment consulting business. Close to the case, Yuan Zhengjian, the two blogger written in 2011 and 2014, was also punished by Yuan Zhengjian. So this case may indicate a new law enforcement trend. However, the CSRC penalty book did not specify the nature of Liao, but also used the terms of manipulation by other means. Wang Jianzhong and Yu Kai were also prosecuted for criminal responsibility in accordance with the crime of manipulating the market. Because their illegal earnings are much higher, and they also have formal securities investment consulting qualifications. From the Supreme Peoples Procuratorate and the Ministry of public security in May 2010, it was issued jointly by the Ministry of public security on the standards for prosecution of criminal cases in the jurisdiction of public security organs (two), and the black stock critics will be in jail, and more cases should be disclosed.