Category: Money tips Release Date: 2006-03-09
China Securities Regulatory Commission recently announced series of administrative punishment, once the stock market, "Oprah," Cheng-Gang impressively.
Trading profit 831 pen nearly 2 million
SUN Cheng-gang incident occurred on April 6, 2004. On that day, Q-Ware Industrial Co., Ltd. Annual Report 2003, disclosed the company's shareholders, the name ranked 10th place for "Cheng-Gang" and its account holders of shares of the company 22.07 million shares outstanding. Coincidentally, as the Shenguang Consulting Service Co., Ltd. Shandong, the major shareholder, executive director and chief analyst of the Cheng-Gang, has repeatedly recommended to investors in public Anyuan shares.
The Cheng-Gang Ji Bi Cheng-Gang. Through multi-media to verify, shares of major shareholders Anyuan, "Cheng-Gang" and open an account registration information exactly with Oprah, "Cheng-Gang" work experience in line this way, Oprah "self-buying boasted" the operation of the routines are a form.
According to China's "securities and futures investment consulting Interim Measures," Article 24 stipulates that securities and futures investment consulting institutions and investment advisory personnel, shall not trade in shares and a stock character, functions securities. Cheng-Gang is not only self-purchased from selling stocks, but also recommend their operations to investors the stock.
Confirmed by the China Securities Regulatory Commission, SUN has just opened in June 1995 the stock account starting in December 2000 specified in the Hai Tong Securities AG Laoshan Road Shanghai sales department transactions. Since March 2002 to May 2004 revocation of a designation of the account transactions only, SUN has just 831 stocks account for a total transaction pen, including the sale of shares of stock, including Anyuan 82, profit 1.992 million yuan.
Wife, mother as a pretext for
Time of the incident in 2004, SUN has just told the media, explained that "to buy shares, are my wife's mother dry" and that the relevant provisions after the introduction of the initiative in 1998 he had written off the stock account was no longer trading. Sun emphatic, saying that his family moved to Shanghai in 2000, the stock account card is lost, has not been found.
Cheng-gang was "frustrated" that: "In their annual reports Anyuan stake, I really do not know if my account actually bought so many shares of stock Q-Ware, but I will end of this month (April 2004) before all the clearance, and then withdrawn account. "
The statement has been falsified, but did not say Sun is not the truth. Their accounts in the profit of nearly 2 million in the process of faithfully carry out the wife's mother and shares his wife stocks such as "fertile water must not remain outsiders fields" operating principles.
Confirmed by the SFC, SUN just accounts were commenced trading in December 2000 onwards, until in March 2002, hanging on the capital account under his wife Wang Yanhong, in March 2002, after transferring from the Wang Yanhong account, there is no run too far, until 2004 year deal in May to withdraw the specified period, has been linked to its mother Tonder United Kingdom under the capital account.
By Sun, Wang, rattan stock account trading flow, statistics, accounts information, financial documents out of the investigation, and by the related companies to provide written statements and transcripts of conversations by investigators confirmed that the Commission finds that SUN has just violated "securities, futures and investment Consulting Interim Measures, "the relevant provisions of Article 24, it constitutes a trade in shares and securities and futures fraud; violation of Article 37 of the Securities Act, Section 159 and the relevant provisions of article 180 constitutes a direct or by a pseudonym, by the name of others who Yes, stock trading, the sale of the advisory body of the shares of listed companies to provide services, directly or by a pseudonym, by the name of others held stock trading behavior.
Accordingly, the Commission imposed on the SUN just confiscate the illegal buying and selling stocks 1.992 million yuan of illegal income and impose a fine of 100,000 yuan penalty. Meanwhile, Shandong SG Consulting Services LLC, punishable by a fine of 50,000 yuan.
The new law more stringent penalties for
The newspaper has learned that on the SUN just punishment decision, the Department of the Securities Act based on the old to make. According to the relevant provisions of the new Securities Law, SUN, once the behavior has just been identified as "the circumstances are serious, you can be liable to suspension of qualifications.
Not long ago, just released annual securities investment advisory bodies showed that SUN has just served as chief analyst at SG Consulting Service Co., Ltd. Shandong, was suspended through the annual inspection.
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