The Commission investigated the first case of "short-term" stock manipulation case – Information Center – Finance
Posted on Sep-30-2007· by china investor
This reporter to the text
The China Securities Regulatory Commission said> This is the first case of the China Securities Regulatory Commission investigation of the short-term price manipulation case and the first in the survey taken a direct way to freeze accounts. People suspected of crimes related responsibilities, the Commission has issued the parties involved "prior informed of the administrative punishment," while the case transferred to the public security organs.
The responsible person pointed out, with the stock shares changed after the greeting "full circulation" of the market environment, market manipulation> The SFC will monitor further integration of resources, and increase the intensity of case investigations, strengthening administrative enforcement and criminal justice synergy, market manipulation and other illegal acts discovered, and dealt with leniency.
The same day, the Commission also informed the source Xu investment in Shaoxing City Development Limited (formerly Dan constant investment in Shaoxing City Development Limited), the Far East Zhejiang Chemical Fiber Group Ltd., Shaoxing lofty Fiber Ltd., Shaoxing Star composite fiber Ltd., Shaoxing Coastal Petrochemical Company Limited, 5 , "the illegal use of corporate securities transactions in the accounts of others," acts of a "prior informed of the administrative punishment," the investigation results.
The first half of 2006, "Lan Zhejiang yuan" stock transactions and unusual care, the SFC respond quickly to implement early intervention inspectors, and then formal investigation. The results of the investigation, the five companies exist "legal persons engaged in the illegal use of securities trading accounts of others," the law, the maximum profit more than 10 million yuan.
While the market> Others use illegal accounts not> The person in charge said that the China Securities Regulatory Commission attaches great importance to this issue and will continue to intensify the crackdown.
Shanghai Securities News
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