One side is claiming the company’s mail “stolen”, the report recommended stocks do not know the media is recommended to be published, but on the other side is the recommended stocks in the report issued before the release, the company focused on internal staff and related personnel are recommended to buy the stock, the report recommended stocks after the release of concentrated selling.
These “grab the hat” transactions, the company is really innocent or a novelty?
67 to grab a hat 28.4 million profit
In April 2009, the Commission on the two companies from Harbin: Harbin rich Securities Investment Advisory Co., Ltd. Harbin new ideas and Investment Advisory Co., Ltd., suspected market manipulation investigation. The survey found that very rich investment, investment and new ideas related to personnel actions allegedly constitute the crime of stock market manipulation.
The two companies far from home, separated by only 1 kilometer. Rich investment in the Hongqi Street, Nangang District, Harbin Room 180, No. 1-1, the legal representative of the De-Yi Li; new ideas and investment homes concentrated in Harbin Nangang District, Zone No. 209 Changjiang Road, Shanghai Pudong Development Building, Room 1206, the legal representative Zhang Kaiguang.
“Exchange of the clues in April, reported to the Commission, the end of April, formally opened the case, then launched an investigation of the case.” SFC investigation team, said this case was similar to many, this is only with them.
SFC investigation found that very rich investment, investment and new ideas related to staff in January 2009 to April, recommended by a number of media articles released a total of 285 stocks, stocks of 99 107 times recommended. Some stocks are rich investment and investment in new ideas or the same body has recommended twice recommended. The same period, with rich investment, investment and new ideas related to an association between personnel accounts for 19 of the 99 stocks 61 to 67 times the transaction.
“These transactions have focused on recommended stocks to buy before the report was released, the report recommended shares sold after the release of typical concentration.” SFC investigation team, said preliminary calculations, 67 times the transaction amounted to 2.064 billion yuan total transaction, the cumulative profit 2840 million.
“Slip” sometimes “loss to rice.”
It is reported that 67 “grab a hat,” the transaction, a sale of the most profitable, “Eastern Jin Yu (600 086),” single to earn 167 million yuan.
SFC investigation found that March 20, 2009, Friday, the opening period, 10 involved accounts buy “Eastern Jin Yu”; 17:27 that afternoon, signed the “big rich investment” in a financial report recommended stocks Web site has been recommended for the stock, March 22, 2009, a financial newspaper also issued a “big CASH” recommendation on the stock.
March 23, 2009, Monday, after opening, all accounts involved selling 10 shares held. The “grab a hat,” the transaction took place two trading days in a row, 10 account for a total profit of $ 167 million.
March 23, 2009, “600 086 Eastern Jin Yu” opening rose to 1.00%, closing up 9.56%, the day before the 5 day average trading volume for the volume of 387.67%; the opening day of the Shanghai Composite Index rose 0.23 %, closing up 1.95%, the average volume for the first five trading days volume of 123.59%.
However, not every time, “grab a hat” can lose money trading. 67 “grab a hat,” the transaction, there is a loss of 9, which is one of the largest trading losses, “Qingdao Soda Ash (600 229).”
The survey found, March 5, 2009, during the March 6 opening, nine involved accounts buy “Qingdao Soda Ash”; March 6, 2009 at 17:32, signed “big rich investment” of recommended stocks reported in a financial site on the stock was recommended, March 8, 2009, a financial newspaper also issued a “big CASH” recommendation on the stock; March 9, 2009, during the March 10 opening, 9 suspects held to sell all the stock account. The “grab a hat,” the transaction took place in four consecutive trading days, 9 total loss of 92 million yuan accounts.
March 9, 2009, “600,229 Qingdao Soda Ash” opening rose 1.86%, or -7.61%, closing the day before the 5 day average trading volume for the volume of 103.30%; the opening day of the Shanghai Composite Index rose for the 0.58%, closing up to -3.39%, trading volume for the first five trading days average trading volume of 96.15%.
I do not know to be intentional or lending “qualifications”
It is reported that, due to rich investment, new investment ideas above acts of alleged stock market manipulation constitutes a crime, according to relevant regulations, the Commission in June 2010, will be the case as a crime leads to public security organs for investigation.
August 2010, the public security organs of the body and the relevant personnel involved in the case alleged stock market manipulation crime investigation, at present, the case has been transferred to the main people involved in the prosecution and prosecution.
“For market manipulation, the first floating out of the big rich investment and new investment ideas, transferred to public security organs, found that other staff in the use they have consultative status, are eligible to borrow for market manipulation.” SFC investigation team that, while they account for those securities are collected from different places come through.
Rich investment in the investment and new ideas to the media to stay a recommended stock mailbox used to send the report recommended stocks. Face survey, rich investors who recommended the registration of shares of E-mail argue that email is hacked, the password is cracked. The registered professional who graduated from computer-related, investigators face the challenge, he answered, “things just happened.”
Although the parties refused to admit, but regulators have sufficient evidence that this is “grab the hat” transaction: first, through the media advisory, the report found that all recommended stocks are designated by the two companies sent me mail; the second is to identify the transaction behavior and recommended stocks are directly related; third is in the capital on the part of the capital flows point to the two company’s staff.
As the rich invest in, according to the specified new ideas to retain investment company released the original report of recommended stocks, in March this year, the Commission on the rich investment, new investment ideas to make administrative punishment, the rich invest in new ideas and investment to give a warning, and were sentenced to 10 yuan fine.
In addition, rich investment, new investment ideas have been placed on file inspection, the Commission also suspended their new securities investment consulting business, continue to cooperate with the investigation.
Regardless of whether they intend to lend consultative status, the relevant people involved could not escape judicial decision.
no comment untill now