The crime of manipulating the securities and futures market refers to the concentration of capital advantages, holding shares or positions, or joint or continuous trading by using information advantages for the purpose of obtaining illegitimate interests or transferring risks;

Collusion with others in securities and futures trading, buying and selling futures contracts, manipulating the trading volume and price of securities and futures markets, and creating false appearances of securities and futures markets;

Inducing or causing investors to make securities investment decisions without knowing the truth, disrupting the order of the securities and futures market.

legal ground

Article 182 of the Criminal Law, in any of the following circumstances, manipulates the securities and futures markets, affecting the trading price or volume of securities and futures, and the circumstances are serious;

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.

(four) for the purpose of closing a deal, frequently or in large quantities, and cancel the declaration;

(5) Using false or uncertain important information to induce investors to trade 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.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.