1. Manipulate the securities market through continuous trading.
This behavior is manifested in that traders jointly or continuously buy and sell a certain securities by concentrating their own capital advantages, shareholding advantages or information advantages, and manipulate the trading price or trading volume of the securities, so that others make wrong judgments on the trend of the securities and actively participate in the trading, while market manipulators obtain huge profits by throwing high and sucking low.
Second, conspiracy to buy and sell to manipulate the market.
Collusion trading means that traders collude with others to trade securities with each other at a pre-agreed time, price and method, or buy or sell certain securities that they don't own. When one party agrees to buy or sell a security at an agreed time and at an agreed price, the other party agrees to sell or buy the same security at the same time, thus raising or lowering the price of the security. Market manipulators influence the trading price or volume of securities by conspiring to buy and sell, and induce other investors to participate in the trading of the securities, so as to achieve the purpose of high-level shipment and low-cost financing.
legal ground
Article 182nd of the Criminal Law of People's Republic of China (PRC) has one of the following circumstances, which constitutes the crime of manipulating the securities and futures market. If the circumstances are serious, 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: (1) 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. (four) for the purpose of closing a transaction, 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.