Last year's "3. 15", after the illegal spot silver trading was exposed by CCTV, the spot silver trading began to decrease gradually. However, a new variant of illegal spot silver trading has recently appeared-spot oil trading. A few days ago, some investors told reporters that many people lost 300,000 yuan in 10 days when they opened an account in the member unit of Beijing Petroleum Exchange (hereinafter referred to as "North Oil Institute") under the temptation of the teacher of the stock recommendation group. This kind of transaction is actually very similar to the spot silver transaction exposed before, and its essence is the gambling game between member units and investors.

Stock groups are induced by high returns.

Investors lose 50% of their principal within 10 days.

Due to the recent boom in the stock market, the stock recommendation group has also become active. But many salesmen of spot oil are also involved. By recommending stocks, they gain the trust of investors first, and then lure investors into spot oil trading with high returns, and gradually enter the trap of salesmen and member units.

Ms. Li from Jiangsu recently told reporters that she was induced by some analysts in the stock recommendation group to open an account in Beijing Guojin Yewei Petrochemical Investment Management Co., Ltd. (hereinafter referred to as "Guo Jinye Wei"), a comprehensive member of Beijing Petroleum Exchange, to conduct spot refined oil trading. Less than 10 days, the principal of 600,000 yuan lost 300,000 yuan.

According to Ms. Li, she opened an account in Guo Jin Yewei in late April and started trading. At that time, she mainly went to Beiyou. Judging from the official profile of Beiyou, this exchange is very formal. In addition, in the previous stock group, the analyst's guidance on stocks was very accurate. Under the guidance of analysts, she also began to try spot refined oil trading. However, in the process of trading, most analysts will guide the list in the same direction. When the market fluctuates greatly, there will be a chuck. "When stuck, there is no data on the disk. Seeing that the funds are gradually decreasing, there is nothing I can do. " Ms. Li said.

This kind of spot refined oil trading basically has no threshold for investors, and you can buy one hand for thousands of dollars. Salespeople generally use the advantages of two-way trading, 24-hour trading, T+0 operation, controllable risk and small and wide to lure investors.

Journalists blend into this stock recommendation group. Every day, some so-called teachers give lectures for many times to teach investors technical knowledge, but all of them are induced by high returns. "As long as you follow my order, you can get more than 10% in one night." A teacher said in the stock recommendation group.

Trading software continuous multi-day chuck

The responsibility for investment losses cannot be defined.

Many investors also said that in the process of trading, trading software often gets stuck, resulting in increasing losses.

A Mr. Zhang from Hunan said that he opened an account in Jin Weiye, a subsidiary of North Petroleum Institute, on May 4, and lost 6.5438+0.3 million yuan in less than 7 days. He also encountered chuck's situation during the transaction. "Especially when the volume is large, chucks are more likely to appear, and there is no way to watch the losses grow." Mr. Zhang said.

In view of Chuck's situation, North Petroleum Institute issued the Bulletin on Abnormal Situation of Spot Quotation Trading of Refined Oil on May 7, showing that during the period of 22:03-23:00 on May 6, 20/kloc-0, due to some network equipment failures, the spot quotation trading business of refined oil in North Petroleum Institute and the individual customer trading system in some areas were stuck and could not log in.

A number of investors from the member units of the North Petroleum Institute told reporters that after May 7, Chuck's situation did not improve, and it basically appeared every night.

In view of this situation, Guo Jinye Wei's customer service told beijing business today reporter today that the trading software was developed by Beiyou, and what Beiyou said was that the system was unstable recently, and now it is being upgraded.

On May 14, North Petroleum Institute issued an emergency announcement again, saying that this week's card bill phenomenon was confirmed by network operators and was caused by malicious attacks from unknown networks. At present, the public security network supervision and other relevant departments have been involved in the investigation and vowed to investigate the legal responsibility of the relevant personnel. According to the relevant provisions of the Trading Rules for Spot Quotation of Refined Oil in Beijing Petroleum Exchange, the above situation is an abnormal situation caused by force majeure.

The reporter consulted the relevant provisions of the Trading Rules for Spot Quotation of Refined Oil in Beijing Petroleum Exchange and saw Article 33. Due to abnormal circumstances, Beihou takes corresponding measures, causing losses to its members and customers, and Beihou does not assume any responsibility.

Investors do not agree with the explanation of North Petroleum Institute. "Since there is something wrong with the trading system, you should stop trading. If there is a loss, who will bear this responsibility? " Ms. Li said.

The boss of a futures company told reporters that generally speaking, if there is something wrong with the system software of the futures exchange, it will suspend trading until it is repaired, which can better protect investors, because once there is a loss due to the trading software problem, it is difficult to determine where the responsibility lies.

Violation of relevant state regulations

North Petroleum Institute is suspected of illegal futures trading?

According to official website of North Petroleum Institute, there are four contracts for spot oil trading in North Petroleum Institute, namely, 500 liters of 93# gasoline, 10 ton, 50 tons and 100 ton, and the corresponding leverage is 5 times, 25 times, 40 times and 40 times respectively.

As can be seen from the trading rules of North Petroleum Institute, in the whole trading process, customers can go long or short, buy and sell in both directions, and there is no physical delivery of anything. "This is completely futures trading," said one futures analyst.

According to official website of North Petroleum Institute, North Petroleum Institute is a comprehensive service platform for spot trading of petrochemical products jointly built by municipal state-owned capital and petroleum central enterprises, which provides comprehensive services from trading, financing, settlement to delivery for its members, but it is not qualified for futures trading.

According to Wang Deyi, a lawyer of Beijing Financial Futures, the subject matter of investors' trading is not "spot gasoline" itself, but a standardized contract based on gasoline, which belongs to futures trading objects; Without physical delivery, the buying and selling process is actually a buying and selling contract. The transactions involved are neither physical delivery nor physical delivery, but arbitrage through price fluctuations. The management system in its trading is similar to that in futures trading. Accordingly, it can be identified as illegal futures trading.

"In fact, many regulations of North Petroleum Institute also violate the explicit provisions of the document" the State Council's Decision on Cleaning up and Rectifying Various Exchanges to Effectively Prevent Financial Risks "(Guo Fa [2011] No.38) (hereinafter referred to as" Document No.38 "). A lawyer who asked not to be named said.

Circular No.38 clearly stipulates that, except for a legally established stock exchange or a trading place approved by the State Council for trading financial products, no trading place may split any rights and interests into equal shares for public offering, and may not conduct transactions by centralized bidding, market makers and other centralized trading methods; Rights and interests shall not be listed and traded continuously according to standardized trading units, and the time interval between any investor buying and selling or buying the same trading variety after selling shall not be less than 5 trading days.

Wang Deyi also believes that this spot oil exchange violates two items in Circular No.38: 1, allowing investors to hedge and close the same trading variety within one day, and the trading interval is less than 5 trading days; 2. The exchange or its members provide trading quotations to customers and conduct transactions with customers according to the quotations, which is in line with the characteristics of the market-making mechanism.

The reporter wanted to call the North Petroleum Institute on this issue, but for three consecutive days, he called the official customer service phone of the North Petroleum Institute and the landline phones of Beijing Financial Street and Fangshan, and no one answered.

Wang Deyi also told beijing business today Today that there are new varieties of illegal electronic transactions in China. The main direction is that many exchanges have changed their trading varieties from precious metals such as silver to oil, and foreign exchange margin trading has also changed from off-site and underground trading to internal trading, changing the market-making mechanism to the so-called "mixed system" and launching the so-called "spot bidding trading" or "spot listing trading". This kind of transaction is essentially a kind of gambling. In addition, in addition to private enterprises, some state-owned holding companies and listed companies also participate in the operation of illegal electronic disk platforms and develop rapidly.

A senior futures researcher told beijing business today reporter today that the trading mode of Beijing Post Office is the same as the previous spot silver trading mode. The exchange recruits member companies, and the member companies absorb retail investors to open accounts, and expand the leverage to 40 times and 100 times for electronic trading, but retail investors will not conduct physical transactions, so it is essentially futures trading.

Last year's "3. 15", after the illegal spot silver trading was exposed by CCTV, the spot silver trading began to decrease gradually. However, a new variant of illegal spot silver trading has recently appeared-spot oil trading. A few days ago, some investors told reporters that many people lost 300,000 yuan in 10 days when they opened an account in the member unit of Beijing Petroleum Exchange (hereinafter referred to as "North Oil Institute") under the temptation of the teacher of the stock recommendation group. This kind of transaction is actually very similar to the spot silver transaction exposed before, and its essence is the gambling game between member units and investors.

Stock groups are induced by high returns.

Investors lose 50% of their principal within 10 days.

Due to the recent boom in the stock market, the stock recommendation group has also become active. But many salesmen of spot oil are also involved. By recommending stocks, they gain the trust of investors first, and then lure investors into spot oil trading with high returns, and gradually enter the trap of salesmen and member units.

Ms. Li from Jiangsu recently told reporters that she was induced by some analysts in the stock recommendation group to open an account in Beijing Guojin Yewei Petrochemical Investment Management Co., Ltd. (hereinafter referred to as "Guo Jinye Wei"), a comprehensive member of Beijing Petroleum Exchange, to conduct spot refined oil trading. Less than 10 days, the principal of 600,000 yuan lost 300,000 yuan.

According to Ms. Li, she opened an account in Guo Jin Yewei in late April and started trading. At that time, she mainly went to Beiyou. Judging from the official profile of Beiyou, this exchange is very formal. In addition, in the previous stock group, the analyst's guidance on stocks was very accurate. Under the guidance of analysts, she also began to try spot refined oil trading. However, in the process of trading, most analysts will guide the list in the same direction. When the market fluctuates greatly, there will be a chuck. "When stuck, there is no data on the disk. Watching the funds gradually decrease, there is nothing I can do. " Ms. Li said.

This kind of spot refined oil trading basically has no threshold for investors, and you can buy one hand for thousands of dollars. Salespeople generally use the advantages of two-way trading, 24-hour trading, T+0 operation, controllable risk and small and wide to lure investors.

Journalists blend into this stock recommendation group. Every day, some so-called teachers give lectures for many times to teach investors technical knowledge, but all of them are induced by high returns. "As long as you follow my order, you can get more than 10% in one night." A teacher said in the stock recommendation group.

Trading software continuous multi-day chuck

The responsibility for investment losses cannot be defined.

Many investors also said that in the process of trading, trading software often gets stuck, resulting in increasing losses.

A Mr. Zhang from Hunan said that he opened an account in Jin Weiye, a subsidiary of North Petroleum Institute, on May 4, and lost 6.5438+0.3 million yuan in less than 7 days. He also encountered chuck's situation during the transaction. "Especially when the volume is large, chucks are more likely to appear, and there is no way to watch the losses grow." Mr. Zhang said.

In view of Chuck's situation, North Petroleum Institute issued the Bulletin on Abnormal Situation of Spot Quotation Trading of Refined Oil on May 7, showing that during the period of 22:03-23:00 on May 6, 20/kloc-0, due to some network equipment failures, the spot quotation trading business of refined oil in North Petroleum Institute and the individual customer trading system in some areas were stuck and could not log in.

A number of investors from the member units of the North Petroleum Institute told reporters that after May 7, Chuck's situation did not improve, and it basically appeared every night.

In view of this situation, Guo Jinye Wei's customer service told beijing business today reporter today that the trading software was developed by Beiyou, and what Beiyou said was that the system was unstable recently, and now it is being upgraded.

On May 14, North Petroleum Institute issued an emergency announcement again, saying that this week's card bill phenomenon was confirmed by network operators and was caused by malicious attacks from unknown networks. At present, the public security network supervision and other relevant departments have been involved in the investigation and vowed to investigate the legal responsibility of the relevant personnel. According to the relevant provisions of the Trading Rules for Spot Quotation of Refined Oil in Beijing Petroleum Exchange, the above situation is an abnormal situation caused by force majeure.

The reporter consulted the relevant provisions of the Trading Rules for Spot Quotation of Refined Oil of Beijing Petroleum Exchange and saw Article 33. Due to abnormal circumstances, Beihou takes corresponding measures, causing losses to its members and customers, and Beihou does not assume any responsibility.

Investors do not agree with the explanation of North Petroleum Institute. "Since there is something wrong with the trading system, you should stop trading. If there is a loss, who will bear this responsibility? " Ms. Li said.

The boss of a futures company told reporters that generally speaking, if there is something wrong with the system software of the futures exchange, it will suspend trading until it is repaired, which can better protect investors, because once there is a loss due to the trading software problem, it is difficult to determine where the responsibility lies.

Violation of relevant state regulations

North Petroleum Institute is suspected of illegal futures trading?

According to official website of North Petroleum Institute, there are four contracts for spot oil trading in North Petroleum Institute, namely, 500 liters of 93# gasoline, 10 ton, 50 tons and 100 ton, and the corresponding leverage is 5 times, 25 times, 40 times and 40 times respectively.

As can be seen from the trading rules of North Petroleum Institute, in the whole trading process, customers can go long or short, buy and sell in both directions, and there is no physical delivery of anything. "This is completely futures trading," said one futures analyst.

According to official website of North Petroleum Institute, North Petroleum Institute is a comprehensive service platform for spot trading of petrochemical products jointly built by municipal state-owned capital and petroleum central enterprises, which provides comprehensive services from trading, financing, settlement to delivery for its members, but it is not qualified for futures trading.

According to Wang Deyi, a lawyer of Beijing Financial Futures, the subject matter of investors' trading is not "spot gasoline" itself, but a standardized contract based on gasoline, which belongs to futures trading objects; Without physical delivery, the buying and selling process is actually a buying and selling contract. The transactions involved are neither physical delivery nor physical delivery, but arbitrage through price fluctuations. The management system in its trading is similar to that in futures trading. Accordingly, it can be identified as illegal futures trading.

"In fact, many regulations of North Petroleum Institute also violate the explicit provisions of the document" the State Council's Decision on Cleaning up and Rectifying Various Exchanges to Effectively Prevent Financial Risks "(Guo Fa [2011] No.38) (hereinafter referred to as" Document No.38 "). A lawyer who asked not to be named said.

Circular No.38 clearly stipulates that, except for a legally established stock exchange or a trading place approved by the State Council for trading financial products, no trading place may split any rights and interests into equal shares for public offering, and may not conduct transactions by centralized bidding, market makers and other centralized trading methods; Rights and interests shall not be listed and traded continuously according to standardized trading units, and the time interval between any investor buying and selling or buying the same trading variety after selling shall not be less than 5 trading days.

Wang Deyi also believes that this spot oil exchange violates two items in Circular No.38: 1, allowing investors to hedge and close the same trading variety within one day, with trading intervals less than 5 trading days; 2. The exchange or its members provide trading quotations to customers and conduct transactions with customers according to the quotations, which is in line with the characteristics of the market-making mechanism.

The reporter wanted to call the North Petroleum Institute on this issue, but for three consecutive days, he called the official customer service phone of the North Petroleum Institute and the landline phones of Beijing Financial Street and Fangshan, and no one answered.

Wang Deyi also told beijing business today Today that there are new varieties of illegal electronic transactions in China. The main direction is that many exchanges have changed their trading varieties from precious metals such as silver to oil, and foreign exchange margin trading has also changed from off-site and underground trading to internal trading, changing the market-making mechanism to the so-called "mixed system" and launching the so-called "spot bidding trading" or "spot listing trading". This kind of transaction is essentially a kind of gambling. In addition, in addition to private enterprises, some state-owned holding companies and listed companies also participate in the operation of illegal electronic disk platforms and develop rapidly.

A senior futures researcher told beijing business today reporter today that the trading mode of Beijing Post Office is the same as the previous spot silver trading mode. The exchange recruits member companies, and the member companies absorb retail investors to open accounts, and expand the leverage to 40 times and 100 times for electronic trading, but retail investors will not conduct physical transactions, so it is essentially futures trading.