The conviction standard of the crime of manipulating the securities and futures market in criminal law is that the actor has the advantage of concentrating funds, holding shares or positions or using information advantages to jointly or continuously buy and sell; Collusion with others to trade securities and futures with each other at the time, price and manner agreed in advance; Buying and selling securities between accounts that you actually control, or buying and selling futures contracts with yourself as the trading object, will be convicted.

legal ground

Items 1 to 5 of Article 182 of the Criminal Law

Under any of the following circumstances, whoever manipulates the securities and futures market and 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 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:

(a) alone or in collusion, pooling funds, equity or position advantages, 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) Declaring frequently or in a large amount to buy or sell securities and futures contracts, and canceling the declaration for the purpose of closing the transaction.