10 times capital allocation platform against the wind! Ten thousand people in the live room watched online, and the regulatory authorities warned of the risks of pig killing and virtual disks

category:Finance
 10 times capital allocation platform against the wind! Ten thousand people in the live room watched online, and the regulatory authorities warned of the risks of pig killing and virtual disks


The reporter entered the Zhongtian live online studio on the same day, and the platform was still playing normally, with 10000 people online.

To provide high leverage as bait

The reporter added Zhongtian online assistant QQ to listen to the class as a tourist.

Zhongtian online assistant said, we mainly provide real offer member services, including retail capital allocation, technical services, operation strategy release, position management, individual stock tracking and a series of financial services.

Photo source: QQ screenshot

Earlier, on July 8, China Securities Regulatory Commission (CSRC) exposed a list of 258 platforms and their operating agencies illegally engaged in over-the-counter capital allocation.

Four models

In general, the behavior patterns mainly include:

1. System sub warehouse mode. It mainly refers to that the securities account is divided into several virtual trading sub accounts by means of account sub warehouse system, and is provided to investors for stock capital allocation transaction.

2. Lending Account mode. It mainly refers to the securities account owned or controlled by the financing agency to provide investors with stock capital allocation transaction.

3. Virtual capital allocation mode. It mainly refers to the virtual stock trading system used by the intermediary agencies to organize investors to carry out stock allocation transactions. The trading orders and funds of investors did not actually enter the securities trading system.

4. Point purchase and capital allocation mode. It mainly instructs the buyer (i.e. the fund demander) to provide the stock trading strategy, and the investor (i.e. the fund provider) provides the capital allocation fund and the securities account. The two sides carry out the stock allocation transaction after matching by the capital allocation intermediary, and share the investment income according to the agreement.

It is worth noting that the regulatory authorities have recently warned against virtual disk financing scams.

Recently, a number of off-site funding virtual disk cases have also been announced by the judicial document network. The criminal judgment of the peoples Court of Yuecheng District, Shaoxing City, Zhejiang Province on the first instance of fraud crimes such as Duan Wenjing, Li Zhi and Chen Wenxin showed that the defendants cooperated with each other, used multiple micro signals to make up the identities of teachers, assistants and customers, used high leverage allocation as bait, and sent false market analysts to guide investment to the victims Other peoples profit information and other means to induce the victim to open a certain investment. The group leader and team members conceal the fact that the platform is designed to cause losses to the victim and then defraud the victims funds, packaging the platforms ability to help the victim make profits and cheat the victims trust. In order to earn high service charges such as warehouse building fee and deferred fee, the group leader and team members continuously send market information to the victims, and induce the victims to make orders frequently. In order to cause the victims trading loss, the team leader and team members adopt the strategy of letting the victim make less profit but more loss. When the victim makes a little profit, he will induce the victim to issue a single to reduce the victims profit. When the victim is in a loss, he or she will be induced to continue to hold the order by informing the market will reverse, so as to expand the victims loss.

Photo source: Referee document website

After identification, the platform has no data exchange with the stock exchange, there is no real stock trading behavior, and the background has the function of modifying and preventing profit points.

In addition, the regulatory authorities have recently reminded that they are highly vigilant against the so-called pig killing risks in the stock market.

Continue to promote the normalization of off-site capital allocation

Since 2015, China Securities Regulatory Commission (CSRC) began to vigorously rectify the over-the-counter capital allocation. At present, it has punished many companies and repeatedly warned investors to stay away from capital allocation.

The CSRC pointed out that according to the newly revised Securities Law, securities margin trading is the exclusive business of securities companies. Without the approval of the CSRC, no unit or individual is allowed to operate. In essence, the over-the-counter capital allocation activities belong to the securities margin trading business that only the securities companies can carry out according to law. If the relevant institutions or individuals engage in the off-site capital allocation activities without obtaining the corresponding securities business operation qualifications, they will constitute illegal securities business activities, and they will be investigated for legal liabilities according to law.

In November 2019, the Supreme Peoples Court issued the minutes of the national courts civil and commercial trial work conference. On the basis of emphasizing the illegality of off-site capital allocation, the Supreme Peoples court made it clear that the off-site capital allocation contract is invalid contract, and the participants of off-site capital allocation will bear relevant risks and responsibilities. China Securities Regulatory Commission reminds investors that the over-the-counter capital allocation platforms are not qualified for securities business operation, some are suspected of engaging in illegal securities business activities, and some are suspected of engaging in fraud and other criminal activities by means of virtual disk. Investors are requested to raise their awareness of risk prevention and consciously stay away from off-site capital allocation activities to avoid property losses. If you are cheated by participating in the off-site capital allocation, please report to the local public security organ in time. Editor: Li Ruoyu Zheng Yasuo source: China Securities Journal Editor in charge: Zhong Qiming_ NF5619

In November 2019, the Supreme Peoples Court issued the minutes of the national courts civil and commercial trial work conference. On the basis of emphasizing the illegality of off-site capital allocation, the Supreme Peoples court made it clear that the off-site capital allocation contract is invalid contract, and the participants of off-site capital allocation will bear relevant risks and responsibilities.

China Securities Regulatory Commission reminds investors that the over-the-counter capital allocation platforms are not qualified for securities business operation, some are suspected of engaging in illegal securities business activities, and some are suspected of engaging in fraud and other criminal activities by means of virtual disk. Investors are requested to raise their awareness of risk prevention and consciously stay away from off-site capital allocation activities to avoid property losses. If you are cheated by participating in the off-site capital allocation, please report to the local public security organ in time.

Editor: Li Ruoyu, Zheng Yasuo