(1) manipulation advantage continuous trading
Continuous trading manipulation refers to continuous bidding transactions, such as deliberately raising or lowering the price of securities, so as to induce other investors to follow up buying or selling, thus leading to active securities trading. For example, during the period from July 3 to July 28, Company A used the five securities accounts it controlled to concentrate its financial advantages and information advantages, and continued to buy and sell, which affected the price and trading volume of Company Z, and then Company A sold the shares of Company Z in the opposite direction to gain illegitimate interests.
(2) manipulation of agreement transactions
Agreed trading manipulation refers to the act of colluding with others to conduct securities trading at a pre-agreed time, price, quantity and manner, thus affecting the price or volume of securities trading and seeking illegitimate interests.
(3) manipulation of white washing sales
Dish-washing manipulation refers to the behavior of buying and selling the account that you actually control as the mutual transaction object without transferring ownership, thus affecting the trading price or volume of securities and seeking illegitimate interests. For example, during the period from February 27th, 20 16 to February 9th, 20 17, Company Y used the advantages of capital concentration and shareholding to continuously trade and manipulate the shares of Company X, and bought a total of 198 1900 shares of Company X, with a purchase amount of 65,438. Sold 198 18900 shares of company x, the selling amount was110500 yuan, and the profit after deducting transaction taxes was 13764500 yuan.
(4) Deception of transaction manipulation
Deceptive trading refers to the behavior that the actor deliberately fabricates, spreads and disseminates false and important information in order to seek illegitimate interests, which affects the decision-making of investors. With the rapid spread of information in the Internet age, it is more common to use electronic technology and social media to spread false or misleading information to manipulate the market. Investors should keep their eyes open.
(5) preemptive trading manipulation
Preemptive trading, commonly known as "hat-grabbing trading", refers to securities companies, securities consulting institutions, securities service institutions and their staff. Buying, selling or holding relevant securities in advance, and making public comments, predictions or investment suggestions on the securities in order to obtain illegitimate interests through its expected market fluctuations. For example, Zhu, a securities broker of a securities business department in Shanghai, was invited to be a guest of a TV program. Before going to the TV program, he bought 15 shares in advance with three securities accounts he controlled, and publicly evaluated, predicted and recommended the above shares in the TV program, and quickly sold them for profit after the above stock price rose.
(6) Manipulating false declarations
False declaration manipulation refers to the behavior that the actor frequently declares and cancels the declaration for the purpose of closing the transaction, which affects the price and volume of securities trading. Frequent declaration and cancellation of declaration refers to the actor's continuous and alternate declaration and cancellation of declaration for more than three times in the same trading day and within the effective bidding range of the same securities. For example, in the account group controlled by X, when the purchase price is much higher than the selling price, a large number of declarations are made to buy the shares of Company D at the daily limit price, and the orders are frequently withdrawn and re-declared, creating the illusion of paying the bill at the daily limit price, which affects investors' judgment. X's above-mentioned behavior was found by the court to constitute the crime of manipulating the securities and futures market and was sentenced to five years in prison.