The sentencing standard of the crime of manipulating the securities and futures market is: if the perpetrator commits this crime, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or only be fined; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and shall also be fined. This crime violates the national securities and futures management system and the legitimate rights and interests of investors.

Legal objectivity:

1. Whoever manipulates the securities and futures markets, under any of the following circumstances, affects the trading price or volume of securities and futures, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined: (1) Alone or in collusion, concentrating capital advantages, holding shares or positions, or using information advantages to jointly or continuously buy and sell; (2) colluding with others to trade securities and futures with each other at the time, price and method agreed in advance; (3) buying and selling securities between accounts under its actual control, or buying and selling futures contracts on its own. (4) Frequent or large-scale declaration of buying and selling securities and futures contracts and cancellation of declaration for the purpose of closing transactions; (5) Using false or uncertain important information to induce investors to trade in securities and futures. (6) Making comments, predictions or investment suggestions on the disclosure of securities, securities issuers and futures trading targets, and conducting reverse securities trading or related futures trading at the same time; (7) Manipulating the securities and futures markets by other means. 2. If a unit commits this crime, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the above provisions.