April 2009, the Commission on Harbin rich Securities Limited investment adviser suspected of market manipulation investigation. The survey found that very rich investment, Investment Consulting Co., Ltd. Harbin new ideas and behaviors related personnel suspected to constitute the crime of stock market manipulation.
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. The same period, with rich investment, new investment ideas and related personnel present the symbol Ciaran association of 19 of these 99 accounts of 61 stocks were 67 transactions. 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. Preliminary calculations, 67 transaction total transaction amount of 2.064 billion yuan, total profit of 2840 million yuan.
Rich due to investments in new ideas of the above acts alleged constitute investment “Criminal Law” Article 182 stock market manipulation provisions of the crime, according to relevant regulations, in June 2010, the SFC 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 main people involved have been transferred to the prosecution and prosecution.
In addition, the rich invest in new ideas of foreign investment does not keep the original release of the report recommended stocks, in violation of “securities and futures investment consulting Interim Measures,” the provisions of Article 28. March 2011 the Commission has made the illegal decision of administrative penalty.
Concerned departments of the Commission that the parties in this case the first to buy the stock, and then publicly recommended, to be sold after the profit volatility, is a typical “grab a hat” manipulation. For the “grab the hat” serious harm to the stock market this order to deceive to mislead investors, investors’ legitimate rights and interests against illegal activities, the Commission always keep the pressure up, increasing law enforcement efforts, the firm transferred to the police suspected of crime, the judicial authority . The official stressed, securities investment consulting institutions and their employees should follow an objective, fair, honest and trustworthy of the basic criteria for the individual stocks may not make investment recommendations specific operations, but may not use exaggerated, call to action language to mislead investors. The majority of investors to carefully screened various public media programs or part of recommended stocks, pay attention to identify the recommended shares of false information against investment risks.
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