Zhang Xiaojun introduced that these 22 cases mainly involved typical cases that were illegal under the current market conditions, especially illegal trading cases such as market manipulation and insider trading.
First, market manipulation cases, especially information manipulation cases under the cover of market value management. Relevant illegal subjects collude with professional traders to manipulate stock prices through listed companies? Make up a theme and tell a story? Traders pushed up the stock price in the secondary market at the same time, which stimulated the stock price to rise sharply, and the amount of illegal profits was huge.
The second is insider trading cases, involving 7 cases. Related insider trading is serious, and many of them involve securities practitioners. For example, Luo, an employee of a securities company, used his position to obtain inside information of a number of listed companies, engaged in insider trading for many times and made illegal profits; In related insider trading cases, insiders not only engage in insider trading themselves, but also disclose insider information to relatives and friends for them to engage in insider trading and make illegal profits.
The third is to use undisclosed information to trade cases, involving 6 cases. The phenomenon of securities practitioners using undisclosed information for profit is still frequent. In some cases, the transaction amount is huge, and the illegal profit is as high as hundreds of millions of yuan.
The regulatory authorities have never been soft on illegal activities. On August 26th, CICC said that it had taken regulatory measures to limit the opening of positions for 164 customers/month. The author believes that the regulatory authorities severely crack down on violations of laws and regulations, on the one hand, to purify the market environment and make the market develop in a stable and orderly manner, on the other hand, to protect investors, which is conducive to establishing investors' confidence.
In fact, some time ago, many departments, including the CSRC and the Ministry of Public Security, have taken various measures against some illegal acts in the securities market.
Isn't it enough to crack down on illegal activities? A gust of wind? , but a long-term work. In this regard, the regulatory authorities have been emphasizing that it is necessary to further strengthen the timeliness, pertinence and effectiveness of inspection and enforcement, continue to pay close attention to changes in the capital market and new trends in illegal activities, further intensify the investigation and exposure of cases, earnestly safeguard the legitimate rights and interests of investors, and ensure the stable and healthy development of China's capital market.