Securities Market Severely punish the crime of manipulation and purify the securities market

Mondo Finance Updated on 2024-01-29

**The market rises and falls, there are traces to follow, there is considerable uncertainty, a little wind and grass, may cause some ** fluctuations. This is normal and not surprising. However, in addition to this normal fluctuation, there are some black-box manipulation behaviors, which can cause some abnormal ups and downs, and the manipulator makes a lot of money, and the person who is on the trap complains.

Recently, in order to crack down on illegal and criminal activities in the market, the Ministry of Public Security, in conjunction with the China Securities Regulatory Commission, deployed relevant local public security organs to jointly with the securities regulatory and inspection departments to organize and carry out a centralized network collection action for key cases in the first field, cracked a number of major insider trading, vicious manipulation of the market, arrested more than 50 criminal suspects, seized more than 180 mobile phones, computers and other criminal electronic equipment, and the amount involved exceeded 9 billion yuan. Black-box operations and insider trading have deeply trapped countless misguided stockholders, and even fallen into a desperate situation, which has also seriously hit the confidence of investors in China's leading market.

In the first trading activities, a group of business owners used their positions and influence in the company's top management to obtain important inside information, and used it in the transaction to obtain illegal benefits. They have carefully planned, operated in the dark, and tried every means to circumvent supervision in order to make huge profits, which not only violated market rules, but also infringed on the interests of the majority of investors. Some **institutions speculate on a certain **, in advance of a large amount of money, do a good job of ambush, and then hype the prospect of this **, encourage shareholders**, after the stock price speculation, quickly sell off, and put a group of shareholders who listen to their suggestions in it. Some companies conceal their true financial status when their business conditions are not good, but the executives of the enterprises quietly cash out. In short, in the same financial market, ordinary shareholders compete with people who know the inside story and manipulate the black box, just like one is holding a hole card and the other is blindfolded, and the winner or loser has long been clear, and investors can't guard against it at all.

An undeniable reality is that the recent violations of laws and regulations in the market are frequent, and the market order needs to be rectified urgently. According to the statistics of Dongcai Choice, as of December 8, since the beginning of this year, a total of 2,135 cases of violations by listed companies have occurred, and the failure to perform other duties in accordance with the law accounts for the largest proportion, with a total of 368 cases, accounting for 17%;Other types of violations include failure to disclose the company's major events in a timely manner, false or seriously misleading statements in information disclosure, and inaccurate or untimely performance results. In this concentrated crackdown on illegal crimes, a number of corporate CEOs who have violated rules or committed fraud have been severely punished. For example, Ji Wei, then chairman, vice chairman and general manager of Jin Tongling, was fined 2 million yuanZhang Jianfang, the former chairman of Kanglongda, was fined 3 million yuan;Gree Real Estate was fined 3 million yuan, and Lin Qiang, the former director and president, was fined 700,000 yuanSichuang Yihui was fined 85.7 million yuan for illegal fraudulent issuance and illegal information disclosure, and Zhang Lizhong, then chairman and general manager, was given a warning and fined 7.5 million yuan, and was banned from entering the market for 10 years. True, accurate and complete disclosure of information is an important basis for the healthy operation of the capital market, a statutory requirement to fully protect investors' right to know, and a legal obligation of listed companies. Falsifying information disclosure, violating laws and regulations, and taking the road of harming others and benefiting oneself. This kind of behavior can be lucky for a while, but it cannot be escaped from the legal net for a lifetime, and sooner or later it will pay the price with interest.

A healthy financial market can raise the funds needed for the development of enterprises and provide timely blood transfusion for the development and growth of enterprisesIt can also provide investors with a platform for investment and share the dividends of development with enterprises. However, all kinds of illegal acts are undermining the normal market order, hitting investors' confidence in investment, and repeatedly eroding the credibility of the market, and finally causing losses from enterprises to individual investors. To reinvigorate market confidence and standardize market order, it is necessary for the regulatory departments to supervise in a timely and proper manner, to discover violations at any time, and to severely punish them at any time, so that lawbreakers do not dare to take chances and cannot get away with them. It is particularly important that serious supervision cannot be pinned on a temporary concentrated crackdown, and hope that it will be completed in a single battle. The joint action of the Ministry of Public Security and the China Securities Regulatory Commission has achieved great results and will have a certain deterrent effect. I would prefer that such actions will not be phased, but long-term and regular. When serious supervision is truly implemented in daily work, the market will be clear and orderly. (This article is original, not unauthorized **, all from the Internet.) )

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