Xiangyi RONGTONG will be punished for financial fraud or will face claims from qualified investors

category:Finance
 Xiangyi RONGTONG will be punished for financial fraud or will face claims from qualified investors


According to the fact, nature, circumstances and social harm degree of the parties illegal acts, and in accordance with the provisions of the first paragraph of Article 193 of the securities law, Ningbo securities regulatory bureau, in accordance with the provisions of the first paragraph of Article 193 of the securities law, issued a warning to Xiangyi financing and imposed a fine of 600000 yuan. At the same time, Qiu Zhanghai, the then director and general manager of Xiangyi finance, was also fined At that time, pan Ni Hu, chairman of the board of directors, and other 6 senior executives.

According to the provisions of article 233 of the securities law and Article 3, item 1, Article 4 and Article 5 of the provisions on the prohibition of entry into the securities market (Order No. 115 of the CSRC), Ningbo securities regulatory bureau decided to take lifelong measures to ban Qiu Zhanghai from the securities market; to ban pan nihu and Shen Chengde to the securities market for 10 years; and to Liu mainline for 5 years.

Zang Xiaoli, a lawyer, believes that investors have been consulting about Xiangyi financing claims recently. Once the investors claim qualification is determined, it will help investors to claim for their rights. The scope of investors who are expected to get compensation is: those who buy the stock (600830) of Xiangyi finance from March 10, 2016 to January 9, 2019, and sell or continue to hold the stock after January 10, 2019.