See also the major case of insider trading.
Recently, the Chongqing Securities Regulatory Bureau issued the first fine in 2024, and the punishment was not for the company, but for two natural persons involved in insider trading.
It is reported that since 2018, the asset-liability ratio of Furi Electronics has continued to be high, and it is urgent to increase capital strength and reduce the asset-liability ratio through refinancing.
In October 2019, Xu Mousheng, the then secretary of the board of directors of Furi Electronics, met Wu, the legal representative and executive director of Shenzhen Hengxin Huaye Equity Investment.
In December 2019, Xu Mousheng, Wu Moufei, Xingye ** Lu Mouxin, and Lin Mouzhi met with Hengxin Huaye Wu in Liang Mouwan's office to discuss the fixed increase plan.
On February 15, 2020, Hengxin Huaye confirmed the subscription amount of 3400 million yuan.
Subsequently, Yu Mou, a Shenzhen native who was the general manager of Hengxin Huaye at the time, called his friend Wang and informed him of the inside information that Furi Electronics was going to be fixed.
So, the two began to quietly build a position.
As of February 28, 2020, Yu has used a total of 480,000 yuan, **60,000 shares of Furi Electronics**; Wang has used a total of 23.02 million funds, **Furi Electronics 31380,000 shares**.
On March 2, Furi Electronics issued a fixed increase announcement, and the stock price continued to pull out a one-word limit.
After the stock price rose to a high level, the two quickly shipped, and countless small scattered high-level orders were taken over.
In this operation, Wang made a profit of 15.86 million yuan, and Yu made a profit of 7016636 yuan.
After this matter was **, the Chongqing Securities Regulatory Bureau decided: confiscate 70166 of illegal gains36 yuan, and a fine of 210,000 yuan. confiscated Wang's illegal gains of 15.86 million yuan and imposed a fine of 47.57 million yuan.
It is worth noting that insider trading occurs from time to time in the A** market.
In January this year, the China Securities Regulatory Commission (CSRC) issued an administrative penalty decision, exposing the illegal cases of private equity **, the actual controller of the listed company, and the intermediary jointly manipulating the stock price of the listed company in the name of market value management cooperation.
According to the penalty decision, in June 2017, Chen Lei, executive director of Junru Assets, asked the employees of Junru Assets to make a market value management plan for Jintuo shares, and planned to contact the major shareholders of Jintuo shares to cooperate in market value management.
Lin Jianwu, chairman of Huihai Hongrong, and Wu Quan, chairman and actual controller of Jintuo Co., Ltd., are friends.
From November 6, 2017 to April 29, 2019, Chen Lei, Wu Quan, and Lin Jianwu controlled and used the account group involved in the case, concentrated capital advantages, and traded between the actual control accounts to manipulate the stock price of Jintuo shares.
During this period, Chen Lei, Wu Liang and others raised the stock price of "Jintuo Shares" by intensively issuing favorable announcements, contacting ** analysts to cooperate with the release of research reports, and organizing employees to post.
Eventually, with the collusion of the trio, their manipulative behavior profited from 16.5 billion yuan.
For the above behaviors, the China Securities Regulatory Commission determined that it constituted market manipulation and confiscated a total of 16.5 billion yuan, and imposed a penalty of 4A fine of $9.6 billion, with a total of 6 illegal gains and fines6.1 billion yuan.
Industry insiders said that manipulation will damage the interests of investors and is an illegal act, and the relevant financial departments should strengthen the supervision of the financial market to protect the safety and stability of shareholders and the market.
Author |Zhang Xiaolei.