Commission intends to 12 market manipulation cases confiscated 2 billion the

Deng Ge SFC spokesman said October 23, intends to make administrative punishment to 12 market manipulation cases, these cases occurred during the stock market abnormal fluctuation, which belongs to the "securities law" seventh instalment of investigating the case. These 12 cases, including several categories, namely: 3 cases of suspected manipulation of ETF, 2 cases of illegal lending and borrowing mechanism of price manipulation case, 1 foreign companies suspected of manipulating the prices of b Fund case, 1 case of suspected price-fixing a specific time period, 5 suspected of taking mixed-stock price manipulation case. Treasury Horn blowing steady growth: the next

Deng Ge introduced, this batch case displayed out participation subject type diverse, both company also has personal, both territory company also has outside company, involved amount huge, modus operandi technique novel, features, these involved subject abuse trading tool, to not normal means effect market, up to has help rose help fell of role, increased has stock of exception fluctuations, part case also suspected other illegal violations behavior. At present, the Commission has in accordance with the above law and the persons responsible for making administrative punishment, and has completed the prior notification procedure.