After Xintai Electric, there is LeTV. If the market speculation about LeTV's fraudulent listing is true, then it is not ruled out that LeTV will also be forced to delist. Considering that LeTV and Xintai Electric both belong to the GEM, then LeTV is very likely

It may also "never be relisted".

The stock price trend after the resumption of trading will continue to fall for a long time, because investors have seen how miserable it is for investors who bought Xintai Electric at the bottom. I believe that not many people will accept the selling of "LeTV" at a high price.

Let’s not talk about the future of LeTV, but let’s talk about whether there will be the next “LeTV” among the GEM. Since Xintai Electric and LeTV can get away with it, we can’t rule out that there will be a third or fourth company.

possible.

Investors who hold GEM stocks cannot help but worry about whether their holdings will be a new landmine.

Just imagine that a company like LeTV, whose business is visible and tangible, is being questioned for financial fraud. Then, among the hundreds of GEM stocks, who can really make people feel at ease?

I strongly agree with the China Securities Regulatory Commission’s crackdown on financial fraud, fraudulent listings and other illegal activities.

But now there is a very serious problem facing us, that is, after every fraud, ordinary investors are always the ones who end up being punished.

If this continues, it will be difficult for investors to survive in the stock market.

Let’s think about a problem first. For example, an investor bought LeTV shares for 100 yuan, and then LeTV’s stock price dropped to 30 yuan amid the storm. If at this time, the China Securities Regulatory Commission fined LeTV for fraudulent listing and required LeTV to be forced to delist.

, and then LeTV’s stock price fell all the way down, and opened the limit at 3 yuan.

In this process, how much compensation should investors who bought LeTV for 100 yuan receive?

According to Xintai Electric's advanced compensation standard, it may be from 100 yuan to the selling price, but such a compensation standard may be unbearable for the sponsoring agency. Even if the compensation starts from 30 yuan to 3 yuan, the sponsoring agency will feel very uncomfortable.

pain.

But the most critical question is, is there a causal relationship between the stock price drop of 100 yuan to 30 yuan and possible financial fraud on LeTV?

Have those investors who bought LeTV shares at 100 yuan and sold LeTV shares at 30 yuan suffered losses due to possible financial fraud by LeTV? Are they eligible for compensation?

Theoretically, they are also victims and should have the right to claim compensation, but the fact is that the sponsoring agency may not be able to afford it.

At this time, I thought of a fund called the Securities Investor Protection Fund. In such a "black swan" incident, is the Securities Investor Protection Fund obligated to pay compensation to investors first and then pursue claims from LeTV? However, this is only

It may be a helpless move.

When management has no way to prevent financial fraud in advance, or when more financial fraud may be discovered in the future, can it be lenient to investors? Even if LeTV commits financial fraud, don’t order it to delist.

Give Sun Hongbin some conditions for reorganization and save the investors' property. No amount of punishment for Jia Yueting's stocks is too high, but the investors are innocent.