90后牛散操纵23只股票，被罚没近3500万元

Case Overview - A 90s individual investor, Zhu Zeyu, manipulated 23 stocks, with an average profit per stock of less than 400,000 yuan, and was fined nearly 35 million yuan [1] - Zhu controlled 48 securities accounts, including "Guo Mouping," for trading, with decisions made by Zhu or assisted by friends [1] - From March 5, 2021, to October 27, 2021, Zhu manipulated stocks such as "Tongru Equipment," "Dayilong," and "Lvkang Biochemical," with illegal gains totaling 8,193,397.17 yuan [1] Regulatory Findings - Zhu's actions violated Article 55, Paragraph 1, Items 1, 3, and 4 of the Securities Law, constituting market manipulation under Article 192 [1] - Zhu's defense claims were rejected by the CSRC, as evidence clearly showed his intent and actions to manipulate stock prices [1] - Zhu's manipulation process included continuous trading, building positions, lifting prices, and selling off, which are prohibited behaviors [2] - Evidence confirmed Zhu borrowed others' accounts for manipulation, and his claims of others leading the manipulation were unsupported [2] Penalty Details - For stocks with profits exceeding 1 million yuan, Zhu was fined 5,587,094.38 yuan, equal to the illegal gains [5] - For stocks with profits below 1 million yuan or losses, Zhu was fined 2,606,302.79 yuan and an additional 1,000,000 yuan, totaling 21,000,000 yuan [5] - In total, Zhu was fined 26,587,094.38 yuan, with illegal gains of 8,193,397.17 yuan confiscated [6]