操纵证券市场

Search documents
股市“捉妖”!量化私募跑路真相曝光
Shang Hai Zheng Quan Bao· 2025-09-19 09:16
两年前震惊市场的量化私募跑路事件,相关细节近日曝光。 最高人民检察院19日在微信公众号发布信息称,杭州"30亿元量化私募跑路"涉事人——磐京股权投资基 金管理(上海)有限公司(简称"磐京投资")的实控人毛某和姚某,利用FOF基金、私募基金操纵证券 市场,甚至在被控制后自恃手法隐蔽复杂,拒不交代任何犯罪事实。最终,最高人民检察院通过全方位 实质审查、全流程追赃挽损,侦破了这场资本迷局,以操纵证券市场罪分别判处毛某、姚某、白某某有 期徒刑七年至三年六个月不等。 炒股就看金麒麟分析师研报,权威,专业,及时,全面,助您挖掘潜力主题机会! 利用FOF进行场外配资、操纵市场 据最高人民检察院披露信息,磐京投资董事长、实控人毛某系知名高校法律专业高材生,另一名实控人 姚某则系海归金融精英,通过其母亲代持磐某基金股份。 2017年11月至2019年7月,毛某、姚某盯上了一只代号"企鹅"的股票,并通过控制的磐京投资旗下基金 账户、私募产品账户、个人账户等共计55个账户交易这只股票。直至2020年9月17日,磐京投资及其一 致行动人成为"企鹅"公司的大股东之一,毛某受聘担任该公司总经理。 值得一提的是,2022年末上海市公安局锁 ...
股市“捉妖”!
Sou Hu Cai Jing· 2025-09-19 06:33
Core Viewpoint - The article discusses a significant criminal case involving the manipulation of the securities market through FOF (Fund of Funds) and private equity funds, highlighting the complexities and challenges faced by the prosecution in uncovering the truth behind the operations of the implicated parties [1][2][3]. Group 1: Case Background - In late 2023, a scandal involving a "30 billion yuan quantitative private equity fund" in Hangzhou shocked the capital market, with rumors pointing to a fund named "磐某基金" as the main orchestrator [2]. - The two main individuals behind the fund, 毛某 and 姚某, were already imprisoned at the time of the scandal, with 毛某 being a law graduate and 姚某 a financial expert [2]. - The fund had previously engaged in a stock battle over a stock code-named "企鹅," leading to their eventual control of the company [2]. Group 2: Criminal Activities - The fund's operators attempted to manipulate the stock price of "企鹅" by forming trading teams across multiple cities and using various accounts to execute concentrated trades [2][3]. - The operators had a history of regulatory scrutiny, having been fined 15 million yuan for illegal stock purchases, and they destroyed evidence when faced with investigations [3]. Group 3: Investigation and Prosecution - The Shanghai Municipal People's Procuratorate initiated a thorough investigation upon receiving directives from the Supreme People's Procuratorate, uncovering a network of financing and manipulation involving FOF and private equity funds [3][8]. - The prosecution team employed advanced AI tools to analyze complex financial structures and trace the flow of funds, leading to the identification of illegal activities disguised as legitimate financial operations [8][9]. - The case involved extensive data analysis, resulting in a comprehensive collection of evidence, including 200,000 words of case notes and reports [9]. Group 4: Legal Proceedings - The trial focused on the control relationships among the defendants and their intent to manipulate the market, with the prosecution presenting detailed evidence of the defendants' roles and actions [11][12]. - The court ultimately sentenced the main defendants to prison terms ranging from three and a half to seven years, along with substantial fines, while others involved in illegal operations received similar sentences [12].
“私募一哥”徐翔母亲所持全部文峰股份股票将继续被司法拍卖
Mei Ri Jing Ji Xin Wen· 2025-07-29 10:33
每经记者|程雅 每经编辑|魏官红 "私募一哥"徐翔操纵证券市场一案还有后续,其母亲郑素贞持有的文峰股份(601010.SH,股价2.6元, 市值48.05亿元)全部股权将继续被司法拍卖。 第一轮拍卖于2025年4月30日截止,拍卖股份数2.75亿股,成交1185万股,流拍2.63亿股。前述拍卖成交 的股份已完成过户登记手续,过户登记完成后,郑素贞持有公司股份的比例由14.88%下降为14.24%。 第二轮拍卖于2025年6月21日截止,本次成交1.39亿股,流拍1.24亿股。前述拍卖成交的股份已完成过户 登记手续,过户登记完成后,郑素贞持有公司股份比例由14.24%下降为6.70%。 近日,文峰股份收到青岛中院通知,郑素贞持有的公司剩余1.24亿股股份将在京东网络司法拍卖平台进 行司法变卖。本次变卖的股票将分124个标的挂拍,其中123个标的为每个标的100万股,1个标的为 72.84万股。 文峰股份表示,本次司法变卖事项不会对公司经营管理产生重大不利影响,亦不会导致公司控股股东和 实际控制人发生变化。目前变卖股份事项尚在预告阶段,后续可能涉及竞拍、缴款、股权变更过户等环 节,变卖结果尚存在不确定性,公司将密 ...
操纵股市!前“亚洲最大驾校校长”,判了!
中国基金报· 2025-07-12 07:36
Core Viewpoint - The article discusses the criminal conviction of Xu Xiong, the actual controller of ST Dongshi, for manipulating the securities market, resulting in a prison sentence of 6 years and 6 months along with a fine of 170 million RMB [3]. Group 1: Legal Proceedings - Xu Xiong was sentenced to 6 years and 6 months in prison for manipulating the securities market, with a fine of 170 million RMB and confiscation of illegal gains [3]. - The judgment is a first-instance ruling and has not yet taken effect, leaving room for potential appeal by Xu Xiong [5]. Group 2: Company Background and Issues - ST Dongshi, previously known as "Asia's largest driving school," has faced significant financial difficulties, with cumulative net losses of 1.324 billion RMB from 2022 to 2024 [10]. - The company has been under scrutiny for the non-operational occupation of funds by its controlling shareholder, with an outstanding balance of approximately 387 million RMB as of December 31, 2024 [11]. - Due to failure to rectify these issues, ST Dongshi's stock and convertible bonds were suspended from trading starting June 20, 2025 [12]. Group 3: Related Incidents - The arrest of Xu Xiong was linked to allegations made by former private equity manager Ye Fei, who accused multiple listed companies of colluding for market value management [7]. - Following Xu Xiong's arrest, other executives from companies involved in the "Ye Fei scandal" have also faced legal actions and penalties for similar offenses [8].
监管7700万罚款再度重锤“牛散” 年内涉操纵股票罚没金额已超15亿
Zhong Guo Jing Ying Bao· 2025-06-16 08:54
中经记者 郭婧婷 北京报道 近日,中国证监会公布了对知名"牛散"(个人投资者中的超级大户)屠文斌操纵证券市场行为的行政处 罚决定。经查,屠文斌通过多种违法手段操纵股票价格,获利巨大,最终被证监会没收违法所得并罚款 近7700万元。 受访人士表示,操纵证券市场的行为通常包括但不限于连续交易、拉抬股价、打压股价、虚假报撤单等 手法。屠文斌通过控制多个账户实施连续交易、拉抬股价、大额封涨停以及虚假报撤等手段,这正是典 型的市场操纵行为特征之一。其操作方式不仅扰乱了正常的市场秩序,还损害了其他投资者的利益,具 有较高的典型性。 记者注意到,近年来,证券市场对于市场操纵等违法行为监管呈现高压态势。记者根据公开信息统计, 2025年以来,证监会公布的涉及操纵股票的行政处罚案件,罚没总额已经超过15亿元,不仅开出罚单的 数量明显增加,单案处罚力度也显著增强。 操纵多只股票获利超3600万 根据证监会调查,屠文斌在涉案期间控制使用其个人普通证券账户、信用证券账户及多个他人账户。涉 案期间,屠文斌所控制的账户组资金优势显著,采取连续交易、拉抬股价、大额封涨停、虚假报撤单等 手法,影响多只股票的交易价格和交易量,违法所得共计36 ...
违法操纵多只股票价格 牛散屠文斌被罚近7700万丨谈股论金
Sou Hu Cai Jing· 2025-06-15 12:35
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a significant penalty on the well-known investor Tu Wenbin for manipulating stock prices, with illegal gains totaling 36.2733 million yuan and a total penalty amounting to nearly 77 million yuan [1][3]. Summary by Relevant Sections Regulatory Actions - The CSRC determined that Tu Wenbin controlled a group of accounts that exhibited significant financial advantages, employing tactics such as continuous trading, price manipulation, and false reporting to manipulate multiple stock prices [3][10]. - The total amount of illegal gains was 36.2733 million yuan, leading to a confiscation of 34.8562 million yuan and additional fines totaling nearly 77 million yuan [3][11]. Historical Context - Tu Wenbin was previously penalized in 2017 for illegal short-term trading, indicating a pattern of regulatory violations [4][6]. - In 2015, Tu was involved in a case concerning the stock of Changchun Aopu Optoelectronics Technology Co., where he was found to have violated securities laws, resulting in a fine of 100,000 yuan [5][6]. Market Manipulation Characteristics - The CSRC's actions reflect a broader commitment to combat market manipulation, emphasizing the need to protect investors from fraudulent practices that distort market prices [10][12]. - The CSRC has outlined its strategy to intensify enforcement against market manipulation, focusing on high-profile cases to deter such behavior in the future [11][12].
被罚7700万!操纵多只股票价格,知名牛散屠文斌领罚单
Nan Fang Du Shi Bao· 2025-06-14 05:15
Group 1 - The core issue involves the manipulation of stock prices by Tu Wenbin, who controlled multiple accounts to form an "account group" and engaged in illegal trading practices, resulting in a total illegal gain of 36.2733 million yuan [2] - The China Securities Regulatory Commission (CSRC) found sufficient evidence, including inquiry records and financial documents, to prove Tu's violations of the Securities Law, specifically regarding market manipulation [2] - The CSRC imposed significant penalties on Tu Wenbin, including the confiscation of illegal gains totaling 34.8562 million yuan and fines amounting to 34.8562 million yuan for certain violations, along with additional fines for other infractions [2] Group 2 - Tu Wenbin is a well-known retail investor from Ningbo, born in 1971, and is married to Shi Yuqing, who was also involved in stock trading activities, making them a notable "couple team" in the market [3] - In 2022, Tu and Shi gained attention for their joint investment in Baoxin Technology, and in 2024, Tu was listed among the top ten shareholders of several companies, including Shijia Optoelectronics and Shen Zhou Information [3]
证监会出手!知名牛散屠文斌,被重罚
Zheng Quan Shi Bao· 2025-06-14 03:59
Core Points - The well-known investor Tu Wenbin has been heavily penalized by the China Securities Regulatory Commission (CSRC) for market manipulation activities [1][3][4] - Tu Wenbin's illegal gains from manipulating stock prices amounted to 36.2733 million yuan, leading to a total penalty of nearly 77 million yuan [3][4] Summary by Sections Regulatory Actions - The CSRC's administrative penalty decision revealed that Tu Wenbin controlled multiple accounts to manipulate stock prices through various illegal methods, including continuous trading and false orders [3] - The penalties imposed include the confiscation of illegal gains totaling 34.8562 million yuan and fines of 34.8562 million yuan for actions with illegal gains over 300,000 yuan, as well as additional fines for other violations [3][4] Previous Violations - This is not Tu Wenbin's first offense; he was previously penalized in 2017 for violating securities laws related to trading in shares of Changchun Aopu Optoelectronics [5][6] - In that case, he was fined 100,000 yuan for selling shares within a prohibited timeframe, which constituted a violation of the Securities Law [6] Recent Holdings - In 2022, Tu Wenbin and his spouse, Shi Yuqing, gained attention for jointly holding over 5% of shares in Baoxin Technology, but by 2023, their holdings had dropped below 5% [7] - As of the first quarter of 2025, Tu Wenbin's holdings in listed companies have significantly decreased, with only minor stakes in Qian Zhao Optoelectronics and Rongke Technology [7][8] Associated Individuals - Tu Wenbin is often associated with Shi Yuqing, and another individual named Tu Shien has also been mentioned in connection with their trading activities [6][10]
证监会出手!知名牛散屠文斌,被重罚
证券时报· 2025-06-14 03:53
Core Viewpoint - The article discusses the severe penalties imposed on a well-known investor, Tu Wenbin, by the China Securities Regulatory Commission (CSRC) for manipulating stock prices, highlighting the regulatory actions against market manipulation in China [1][5]. Summary by Sections Regulatory Actions - The CSRC's administrative penalty decision revealed that Tu Wenbin controlled multiple accounts to manipulate stock prices through various illegal methods, resulting in illegal gains of approximately 36.27 million yuan [4][5]. - The total fines and confiscated illegal gains amount to nearly 77 million yuan, with specific penalties including the confiscation of 34.86 million yuan and a fine of 34.86 million yuan for actions with illegal gains over 300,000 yuan [6][5]. Previous Violations - This is not Tu Wenbin's first offense; he was previously penalized in 2017 for violating securities laws related to trading in a specific stock, which resulted in a warning and a fine of 100,000 yuan [7][8]. Shareholding Changes - Tu Wenbin and his spouse, Shi Yuqing, were notable for their significant shareholding in Baoxin Technology, but their holdings have since decreased below 5% as of May 2023, with further reductions expected in future reports [9]. - As of the latest quarterly report, Tu Wenbin and Shi Yuqing only appear as significant shareholders in two companies, with reduced holdings compared to previous years [9].
天价罚单!因操纵股票,夏德全被证监会罚没近5600万元
Nan Fang Du Shi Bao· 2025-05-23 13:25
Group 1 - The core viewpoint of the articles highlights the increasing enforcement actions by the China Securities Regulatory Commission (CSRC) against market manipulation, with significant penalties imposed on violators [1][2][3] - Since 2025, the CSRC has issued at least three penalties exceeding 1 billion yuan, totaling over 750 million yuan for stock manipulation violations [2] - The recent case involving Xia Dequan resulted in a total penalty of approximately 55.96 million yuan, including the confiscation of illegal gains of 27.98 million yuan [1] Group 2 - The CSRC's crackdown on market manipulation includes multiple cases where individuals used multiple securities accounts to manipulate stock prices, leading to substantial profits [2] - Notable cases include He Mou Ru, who was fined a total of 294 million yuan for manipulating stocks, and Xie Mou, who faced penalties totaling 177 million yuan for similar offenses [2] - In 2024, the CSRC handled 739 securities and futures law violations, with 71 cases related to market manipulation, accounting for 10% of the total [3]