媒体视点 | 雪球“大V”操纵市场，被罚没超8300万元，3年禁入市场！

Core Viewpoint - The article discusses the administrative penalty imposed on Jin Yongrong, a prominent figure in the investment community, for engaging in market manipulation through reverse trading, resulting in a total fine and confiscation of over 83 million yuan [2][9]. Group 1: Background and Actions - Jin Yongrong, operating the "Jin Huo" account on Xueqiu, has built a significant following of over 100,000 fans and achieved a maximum article view count of 8 million [2][6]. - He utilized multiple platforms, including Taoguba, WeChat, and Xiaohongshu, to promote stock recommendations and enhance his influence [5]. - Between September 2, 2024, and April 16, 2025, he targeted 32 stocks, including Qidi Environment and Luwei Optoelectronics, executing reverse sell trades shortly after recommending these stocks, with a total trading amount of 631 million yuan and illegal profits of 41.62 million yuan [5][9]. Group 2: Regulatory Findings - The Zhejiang Securities Regulatory Bureau determined that Jin Yongrong's account had significant market influence, as evidenced by the high readership of his stock recommendations [6]. - The Bureau noted that his repeated postings and sharing of stock recommendations were designed to manipulate investor behavior, despite disclaimers in his posts [8]. - The regulatory body emphasized that the timing of his posts and reverse trades indicated a clear intent to manipulate the market, classifying his actions as "hat trick manipulation" [9]. Group 3: Penalty and Consequences - Jin Yongrong was ordered to forfeit illegal gains of 41.62 million yuan and pay an equal amount in fines, totaling 83.25 million yuan [9]. - He has been banned from the securities market for three years, during which he cannot trade securities directly or indirectly [9].