Rat warehouse refers to the behavior of securities practitioners who first buy a stock at a low level with personal funds, then use public funds to raise the stock price, and then take the lead in selling their personal positions for profit. Because the securities practitioners have the advantage of information, the rat warehouse behavior in the securities market is just like cheating at random when they see their opponents' cards at cards, which not only violates the general principle of good faith of professional managers, but also has serious professional ethics problems and is suspected of committing crimes. Therefore, the CSRC's approach to rat warehouses is strict and severe. What is a rat barn? What is the relationship between the turnover tide of fund managers and rat warehouses? )
Example of rat warehouse: In 2008, the CSRC issued the first batch of rat warehouse fines, canceled the qualifications of Tang Jian, former fund manager of Morgan Stanley, and Wang Limin, former fund manager of southern fund, who were suspected of trading in rat warehouses, confiscated their illegal income and fined them 500,000 yuan; It also imposed a lifetime market ban on Tang Jian and a seven-year market ban on Wang Limin.
In 20 13, Ma Le, the former fund manager of Bosera Fund, manipulated three relatives and friends' accounts to buy 76 stocks, with a turnover of over 10 billion yuan and a profit of nearly 20 million yuan. The case has entered the second trial stage.