(Original title: Securities host Joseph was fined 100 million for advertising! The CSRC responded "will pay a heavy price")
Not long ago, Liao Yingqiang, the guest host of the original securities program, was fined for about 129 million yuan for manipulating the market, causing concern.
In the punishment decision, the CSRC stated that Liao Yingqiang used the influence of his well-known securities program host to publicly evaluate and recommend stocks on his Weibo and blogs, and used the account groups controlled by him to buy relevant stocks before the recommendation. Sell ​​in the afternoon or the next day after the recommendation.
After Liao Yingqiang was sent to the Securities and Futures Commission for 129 million yuan, he even uttered rants.
In response to this incident, Liao Yingqiang said:
Now as the audience of our love stocks, we should say how to feel a sense of crisis. More and more people may come to this platform. Because of this, I should have played an advertisement of nearly one billion. Now Almost Liao Yingqiang’s name should be regarded as a household name...
The SFC's decision on punishment was announced on May 6. Liao Yingqiang issued a video response one day later. He said in the video that he had violated the regulations because he did not understand the law and said that he did not actually make so much money.
Liao Yingqiang said: Actually, I really didn't make so much money. It was all of our relatives, or it was a friend. Your friend asked you to say a stock. Don't you tell him? I guess you will definitely tell him, but he will earn this money, will he give it to you? You want him not to give you, but the SFC will be fined, even those of my friends are counted in it, so I have nothing.
It’s a cool time, but “Your Thunder†is on the road.
At today's press conference, the SFC responded.
Q: Recently, Liao Yingqiang, the guest host of a former securities program, was fined 129 million yuan for manipulating the market. He threatened to "not lack the property to pay fines" and "played more than 100 million advertisements, which is a household name", causing widespread public concern. What is the evaluation of the CSRC?
A: Thank you for your interest in this issue. On May 6, 2018, the China Securities Regulatory Commission announced the decision on administrative punishment for Liao Yingqiang. The case shows that Liao Yingqiang, using the influence of his well-known securities program host, manipulated the market by first establishing positions, publicly recommending shares, and selling shares in reverse, illegally obtaining huge private profits, seriously jeopardizing the principles of open, fair and just capital markets. According to the relevant provisions of the Securities Law of the People's Republic of China, the China Securities Regulatory Commission decided to levy a violation of the illegal income of RMB 43,104,773.84 and a fine of RMB 86,209,547.68.
We have noticed that public opinion has responded strongly to Liao Yingqiang's response. Dozens of mainstream media and many experts and scholars have severely condemned it. Some have accused them of not being reluctant to infringe on investors, and have no repentance. It is a slap in the face of the law, but instead of taking the opportunity to speculate, it is a provocation against the bottom line of the market. Some people appeal to those who commit traitors to be severely punished according to law in order to facilitate the punishment. We have also noticed the response of investors to their speeches, and they all deplore the practice of infringing on the rights and interests of investors. This is the manifestation of market progress and the embodiment of the awareness of the rule of law in the whole society. Awe of the law, abide by the law, and compliance with the law are the basic bottom line for all market players to participate in the securities market. Any behavior that infringes on the legitimate rights and interests of investors, undermines the order of market operations, and arbitrarily challenges the dignity of the law will ultimately be punished and paid a heavy price.
In the next step, the CSRC will continue to strengthen supervision and law enforcement in accordance with the law, continue to strengthen the investigation and law enforcement, and maintain a high-pressure situation for all kinds of violations of laws and regulations, form a strong law enforcement deterrent, and resolutely severely punish. It will continue to strengthen the close connection between administrative law enforcement and criminal justice, actively promote the promulgation of relevant laws and regulations and judicial interpretations, and truly achieve a return to the legal network. Continue to strengthen linkages with relevant management departments, strengthen the management of information dissemination behavior in the securities and futures markets, purify the order of information dissemination in the capital market, and jointly create an open, fair and just capital market in which the legitimate rights and interests of investors are fully protected.
The 1.5 billion big case is coming! Recommended stock scam big exposure
The financial host manipulated 39 shares and was severely punished by the Securities and Futures Commission for nearly 130 million!
China Fund News reporter Zhang Yanbei, Taylor
Three years ago, he talked about the stocks on the financial program, and took the retail investors on Weibo to express their enthusiasm on the A-shares.
Three years later, the Securities and Futures Commission issued a penalty notice, only to find out that this is his routine to manipulate the stock price!
A few days ago, an administrative penalty decision issued by the China Securities Regulatory Commission showed that Liao Yingqiang, a well-known securities program host, had manipulated and traded more than 1.5 billion yuan due to the manipulation of 39 stocks such as Christie’s . The Securities and Futures Commission confiscates illegal proceeds of 43 million yuan and imposes a fine of 86 million yuan. A total penalty of nearly 130 million yuan.
Grab the hat to manipulate the stock price
Advance layout, sell after recommendation
"Catch a hat" refers to a securities company, a securities advisory institution, a professional intermediary agency and its staff, buying or selling or holding relevant securities, and publicly making evaluations, forecasts or investment proposals for the securities or their issuers and listed companies so that An act of gaining economic benefits through expected market volatility.
With the evolution of information dissemination technology and the development of the securities market, the illegal subject of stealing hat manipulation has broken through the scope of securities practitioners. Some public figures can influence and mislead the judgment of a large number of investors through their opinions and opinions. .
The SFC's punishment decision book shows that Liao Yingqiang has used the influence of his well-known securities program host to publicly evaluate and recommend stocks on his Weibo and blog posts, and use the account group he controls to buy relevant stocks before the recommendation. And sell in the afternoon or the next day after the recommendation.
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Manipulating 39 stocks to make a profit of 43.1 million yuan
From March to November 2015, Liao Yingqiang used the influence of his well-known securities program host to publish 60 blogs with recommended stock content, with an average of 110,399 hits.
In its Weibo, blog "noon solution" column video publicly evaluated, recommended "Jia Shi Technology" and other 39 stocks a total of 46 times.
Before the recommendation, use the account group controlled by it to buy the relevant stocks, and sell the relevant stocks after the opening of the public offer in the afternoon or the next day, the illegal income totaled 43.1 million yuan.
According to the documents of the CSRC, the fund will sort out the specific facts of Liao Yingqiang as follows:
For example, on March 20th and May 14th, 2015, Liao Yingqiang recommended Xingfa Group and Qingxin Environment respectively. In the afternoon, retail investors rushed in to increase the stock price. Liao Yingqiang, who had prepared the game in advance, sold the stock and made a profit, completing a cut of leeks.
It can be seen that Liao Yingqiang’s manipulation of Cixing’s shares has the most profit, totaling 2.445 million yuan. In addition, Liao Yingqiang manipulated the Haida Group for a profit of 2.302 million yuan on June 12, 2015. On September 17, the same year, he manipulated Rongzhilian to make a profit of 2.053 million yuan.
In the manipulation of the three stocks of Tongkun, Industrial Bank and Sun Cable, Liao Yingqiang lost 887,000, 52,000 and 0.35 million respectively, with a total loss of 934,500 yuan.
During the lunch break at noon on July 27, 2015, Liao Yingqiang recommended “Tongkun Shares†in his blog “Noon Solutionâ€, the account he controlled bought the stock before the recommendation, and sold after the recommendation. . However, this day happened to have a stock market crash. The Shanghai Composite Index plunged 8.48%, Shenzhen Stock Exchange plunged 7.59%, the Growth Enterprise Market plunged 7.4%, and the SME Board plunged 7.76%. Liao Yingqiang’s manipulation behavior ended with a loss.
Control using 13 accounts
Of course, this series of manipulations is not done with an account. During the manipulation of 39 stocks, Liao Yingqiang controlled the use of 13 securities accounts including himself and “Zhang Mopingâ€.
Specifically:
From March to November 2015, 11 securities account transactions such as "Chai Mouyu" and "Wang Mo Ni" were highly consistent with the MAC address used by Liao Yingqiang when recommending stocks and the MAC address used by the "Liao Yingqiang" account.
The "road" account has been the most used computer transaction MAC address since 2015. It is the Liao Yingqiang office computer MAC address.
From January 2015 to December 2015,
The "Zhang" account is all funded by Liao Yingqiang.
84.97% of the funds of “Lu Mo†account are from Liao Yingqiang.
84.73% of the funds of "Liu Zhongzhong" account originated from and all flowed out to Liao Yingqiang's spouse Guo Moulin;
Half of the income of “Ji Mouyan†and “Xu Mouqin†account was transferred to Liao Yingqiang’s bank account via Zhang.
“Ji Mouyan†and “Xu Mouqin†account were entrusted to Liao Yingqiang for the operation.
There are also these networks:
Liao Yingqiang is the actual controller and general manager of the stock culture and Yingqi culture.
Zhang is the original shareholder of Yingqi Culture;
Lumou is a shareholder of the stock culture;
Han is a member of the stock culture staff;
Chai Mouying, the legal representative of the stock culture, is the cousin of Liao Yingqiang, who is the sister of Chai Mouying;
Chai Momei is the mother of Liao Yingqiang;
Liao Mojie is the brother of Liao Yingqiang;
Kim is the sister of Liao Mojie's wife.
The above-mentioned personnel have a kinship or working relationship with Liao Yingqiang.
Liao Yingqiang: From financial moderator to stockholder tutor
From February 2012 to April 2016, Liao Yingqiang served as guest host on a Shanghai TV financial channel "Talk about Gold". As a brand program, "Talking about Gold" has always maintained a high popularity and its ratings have been stable.
Liao Yingqiang also served as the guest of the "Introduction to the Essence of the Essence of the Essence" in September 2014. The ratings of the above two programs in the Shanghai area are higher than the average ratings of the financial programs of all channels in the same period in Shanghai.
At the same time, Liao Yingqiang, as a major shareholder of Shanghai Shares Cultural and Creative Co., Ltd. (hereinafter referred to as “Xuanxuan Cultureâ€), through the “Love Shares†website's APP, to solve the video “Money Stormâ€, “Share Money Tide†and other programs and Sina Wei Bo, blog, Tudou and other Internet platforms for promotion and promotion. In 2015, the company held a number of training seminars in Shanghai. The video of the lecture was placed on the website of “Aixixuan†to enhance the popularity of the stock culture. With the promotion of the stock culture, Liao Yingqiang has also accumulated a certain number of fans, and his blog has a high click-through rate.
The fund has checked, Liao Yingqiang's blog has reached hundreds of millions of visitors, and its Sina Weibo has more than 150,000 fans. The latest update was on March 5 this year.
Earlier reports said that in 2008, Liao Yingqiang officially became attached to the identity of the "stock instructor". He hosted a column program at the Economic Radio of Tianjin People's Radio Station, and analyzed the stock market from the perspective of foreign currency, real estate, gold and other pan-financial perspectives.
Around 2012, Liao Yingqiang left Tianjin and came to the TV show "Talking about Gold". His two-hour stock review attracted many viewers. Liao Yingqiang formed his own unique humorous style. The boring and monotonous digital curves and technical explanations became interesting and fascinating in his mouth. He was dubbed by the media and fans as “Guo Degang who spoke investmentâ€.
In the spring of 2016, Liao Yingqiang chose to start his own business and started his own securities training institution, Aixinxuan.
Liao Yingqiang has accumulated considerable popularity and influence by accumulating fame and audience on the high-profile securities brand programs on TV stations, supplemented by various platforms for publicity and promotion of the Internet, and training seminars. However, this popularity and influence have not been used in the right path.
Have asked for a lighter punishment
It is worth mentioning that Liao Yingqiang stated in the hearings and statements and defenses:
1. Liao Yingqiang's relatives Liao Mojie, Jin Mou, Chai Momei, Liu Mouzhong, Chai Mouyu and others like to listen to the opinions of the parties during the transaction. Lu was at the time of the general manager position in the stock culture, Liao Yingqiang paid part of the funds as a reserve fund for the stock culture, but Liao Yingqiang did not understand the situation of Lu’s trading stocks;
2. Liao Yingqiang recommended stocks on Weibo and blogs on the basis of technical analysis and research. The trend of most stocks verified its technical analysis and judgment, and its recommended stock behavior was reasonable and accurate.
3. The profit of the relevant account belongs to the relatives, company employees and friends of Liao Yingqiang, who are not profitable, unable to bear the fine, and request a lighter punishment.
The CSRC believes that:
1. Liao Yingqiang’s claim that his relatives like to listen to their opinions during the transaction is not sufficient to counter the evidence that I will determine the account control relationship;
2. The CSRC determined that Liao Yingqiang controlled the “Lu Mo†account, mainly based on the “Royal†account during the period of the transaction. The computer MAC address used for the stock transaction was the most coincident with the Liao Yingqiang office computer MAC address and the “Lu Mo†account 84.97% of the funds. From the evidence of Liao Yingqiang. According to the relevant personnel's inquiry record, the general manager of the stock culture is Liao Yingqiang instead of Lumou, and Lumou said in the transcript that the funds in his securities account were used by Liao Yingqiang to help Liao Yingqiang purchase daily necessities, and did not mention the funds. Liao Yingqiang gave the company a reserve fund, and Liao Yingqiang and Lu Mou were contradictory about the statement of the “Lu Mo†account funds;
3. The available evidence indicates that based on the relationship between funds, MAC address overlap, identity relationship and related personnel's inquiry records, it is enough to determine that Liao Yingqiang actually controlled the account group involved from March to November 2015. Liao Yingqiang's account control The grounds for the defense of the relationship are not accepted;
4. The SFC penalizes Liao Yingqiang’s manipulation rather than penalizing his recommendation. I will impose penalties on Liao Yingqiang on the basis of the provisions of Article 77, paragraph 1, paragraph 4 of the Securities Law, "Managing the securities market by other means", and pursuing the responsibility of Liao Yingqiang to manipulate the securities market, which manipulates market behavior. It is composed of a series of behaviors such as opening a position, publicly recommending shares, and selling in the opposite direction. It is not simply a matter of pursuing the public recommendation. In addition, Liao Yingqiang said that he is optimistic about technical analysis and recommended 8 stocks such as “Fuchai Powerâ€. In the 10 to 3 months after the recommendation, the above stocks have increased greatly, but according to “Zhang Moping†and so on. The trading records of 13 securities accounts, Liao Yingqiang sells the stocks bought before the recommended shares, and the selling behavior and the recommended stocks and the so-called subsequent rise of the above stocks are in contradiction;
5. Liao Yingqiang's control of the account group involved in the implementation of market manipulation of illegal income should be confiscated, and its division of profit with others does not affect the punishment of the case. In addition, Liao Yingqiang’s claim that he did not make a profit is also inconsistent with the facts;
6. Liao Yingqiang did not propose facts and evidence of punitive punishment, nor did he have a statutory circumstance.
The stocks did not make money, but the people who traded stocks made a fortune.
You have to understand these routines.
In fact, the method of recommending stocks to push up the stock limit is very simple. They generally recommend stocks with small plates and low stock prices. When they are pulled up, they choose to bid in early trading or the pressure on the disk is very small. In many cases, a few million yuan can pull a stock to the daily limit.
In most cases, the recommendation agencies and the dealers work together. The recommendation institution receives the news from the banker and provides it to the customer to collect the consultation fee or share. The banker hopes to obtain more pick-up chips through the “casting net†of the recommendation institution. The stock trend is in line with the recommendation stocks, some stockholders will be fooled, followed by buying, the banker's funds just can be cashed out.
Some Weibo or WeChat recommendation stocks rely on the news after the market to know which stocks will be raised the next day, and then show this information to investors.
After the stock recommended by the recommendation stocker is recommended after the day, the next day can often be opened higher. Recommendations like this often last for a few days.
Although the recommendation is true, investors may not be able to benefit from it. Because the news that you receive the recommendation is often behind the board. If you follow up the next day, according to the current rules, even if the day rises, you can’t sell, and this kind of rise will often be the third day. It is no longer sustainable.
A senior stock speculator explained that if you follow the recommendation of the recommendation stocker and intervene on the second day, it will become a person who lifts the sedan, which indirectly becomes a pulling force. Don't underestimate this power. Several recommended stocks or free stocks are recommended. As long as there are a group of people to follow up, the funds are in the millions.
This article Source: China Daily Fund of: Taylor plum Super Editor: Zhong Qiming _NF5619
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