Group 1 - The core point of the article is that the China Securities Regulatory Commission (CSRC) has imposed a fine of nearly 56 million yuan on Xia Dequan for manipulating the securities market [1] - Xia Dequan was found to have controlled multiple securities accounts to manipulate several stocks, resulting in a total profit of 27,978,668.43 yuan [1] - The CSRC decided to confiscate Xia Dequan's illegal gains of 27,978,668.43 yuan and imposed an equal amount as a fine [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its enforcement actions against market manipulation and insider trading, resulting in significant penalties for violators, including a recent case where an individual was fined a total of 294 million yuan for manipulating the securities market [1][2][7]. Group 1: Enforcement Actions - In 2024, the CSRC investigated 739 cases of securities and futures violations, issuing 592 penalty decisions, with insider trading cases accounting for 178 and market manipulation cases for 71, representing 24% and 10% of the total, respectively [1][7]. - The CSRC aims to create a safer investment environment by focusing on serious violations that harm the interests of small investors, such as insider trading and market manipulation [1][7]. Group 2: Specific Cases - He Mou Ru was found to have manipulated the market by controlling multiple securities accounts and using a "limit-up" strategy, resulting in illegal profits of 147 million yuan, leading to a total penalty of 294 million yuan [2][3]. - Other individuals, such as Yang and Xie, have also faced substantial penalties for market manipulation, with Yang fined 280 million yuan for profits of 140 million yuan and Xie fined approximately 95.7 million yuan for profits of 81.45 million yuan [4][5]. Group 3: Legal Developments - The CSRC has introduced a landmark case involving a civil lawsuit for market manipulation, marking the first instance of a support lawsuit combined with loss assessment by an investor protection agency [5][6]. - The case against Wang Mou Yuan, who manipulated multiple stocks using 145 accounts, resulted in a penalty of 570 million yuan, and subsequent civil actions led to a favorable ruling for investors, highlighting the evolving legal landscape in addressing market manipulation [6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a total penalty of 294 million yuan on He Mou Ru for manipulating the securities market, highlighting the ongoing crackdown on market manipulation practices in the industry [1][3]. Group 1: Penalty Details - He Mou Ru was found to have controlled multiple securities accounts and manipulated stock prices through tactics such as "capping the涨停" (price limit), resulting in illegal profits of 147 million yuan [3][4]. - The CSRC decided to confiscate He Mou Ru's illegal gains of 147 million yuan and impose an equal fine of 147 million yuan, totaling 294 million yuan in penalties [4]. - This case is part of a broader trend, as the CSRC has issued at least three penalties exceeding 1 billion yuan this year, with total fines surpassing 750 million yuan for similar market manipulation violations [4]. Group 2: Regulatory Actions - The CSRC has intensified its enforcement efforts, with 739 securities and futures law violations investigated in 2024, resulting in 592 penalty decisions, including 178 insider trading cases and 71 market manipulation cases [4]. - The CSRC's vice chairman, Chen Huaping, emphasized the commitment to combat insider trading and market manipulation that severely harm the interests of small investors during the "5.15 National Investor Protection Promotion Day" event [5].

Group 1 - The core point of the article is the increasing enforcement actions by the China Securities Regulatory Commission (CSRC) against market manipulation, highlighted by the recent penalty of 294 million yuan imposed on He Mou Ru for manipulating the securities market [1][2][3] - He Mou Ru was found to have manipulated stock prices by controlling multiple securities accounts and using tactics such as "locking the涨停" (price limit) to generate illegal profits totaling 147 million yuan, leading to a total penalty of 294 million yuan [1][2] - In 2024, the CSRC has intensified its crackdown on securities and futures violations, handling 739 cases and issuing 592 penalties, with market manipulation cases accounting for 10% of the total [3] Group 2 - This year, three individuals have received penalties exceeding 750 million yuan for stock manipulation, with He Mou Ru's case being one of the significant examples [3] - Other notable cases include Xie Mou, who was penalized 177 million yuan for manipulating multiple stocks with illegal profits of 81.45 million yuan, and Yang Mou, who faced a total penalty of 280 million yuan for manipulating stocks with illegal profits of 140 million yuan [3] - The CSRC aims to enhance its enforcement capabilities and maintain investor rights while promoting a high-quality capital market through stringent regulatory measures [3]

3张超亿元罚单。 近日，证监会发布了对何某儒操纵市场案的罚单。何某儒控制使用多个证券账户，集中资金优势，通过"封涨 停"的方式操纵相关股票，盈利金额合计1.47亿元，构成操纵证券市场行为，被证监会没一罚一，合计罚没2.94 亿元。 这不是个例，券商中国记者注意到，今年以来，证监会已经开出了3张操纵市场的亿元级罚单。今年2月，杨某 操纵"安奈儿"等多只股票，盈利1.4亿元，被罚没2.8亿元。今年2月，谢某操纵"渝三峡A"等多只股票，盈利 8145.26万元，被罚没1.77亿元。 "集中力量打击内幕交易、操纵市场等严重侵害中小投资者利益的违法行为。"证监会副主席陈华平在2025 年"5·15全国投资者保护宣传日"活动上表示。 何某儒被罚没2.94亿元 依据2005年修订、2014年修正的《中华人民共和国证券法》（以下简称2005年《证券法》）的有关规定，证监 会对何某儒操纵证券市场行为进行了立案调查，依法向当事人告知了作出行政处罚的事实、理由、依据及当事 人依法享有的权利，应当事人的要求举行了听证会，听取了何某儒及其代理人的陈述和申辩。本案现已调查、 办理终结。 依据《中华人民共和国证券法》（以下简称《证券法》） ...

近日，天津证监局公布了一则行政处罚决定书，对股民徐阳操纵证券市场的违法行为作出严 厉处罚， 合计罚没金额近4亿元。 天津证监局称，经查明，徐阳存在以下违法事实：涉案期间，徐阳控制使用多个证券账户， 以虚假申报手段操纵多只股票，合计获利9 8 9 7 . 2 9万元。上述违法事实，有询问笔录、情况说 明、有关合同、证券账户资料及银行流水等证据证明，足以认定。 天津证监局认定，徐阳的上述行为违反了证券法第五十五条第一款第四项的规定，构成证券 法第一百九十二条所述的 操纵证券市场行为。 天津证监局称，徐阳提出部分证据真实性和合法性存疑、部分账户不由徐阳控制使用、行为 认定和违法所得计算没有标准、没有主观故意、未收到异常交易警示、对市场未造成影响等 意见。 经复核，天津证监局认为徐阳的陈述申辩意见不能成立，对徐阳的申辩意见不予采纳。 被罚原因或为"幌骗交易" 据财联社报道，对于被处罚原因，从监管公告的法律依据中可见蛛丝马迹，徐某或因"幌骗交 易"领下高额罚单。 天津证监局表示，徐某违反了证券法第五十五条第一款第四项的规定，构成操纵市场违法行 为。 证券法第五十五条显示，禁止任何人以 "不易成交为目的，频繁或者大量申报 ...

近期，华扬联众（603825）公告，实控人、前任高级管理人员收到了证监会《行政处罚决定书》，公司实际控制人苏同和前任副总经理杨宁利用相关证券账户操 纵"华扬联众"。 据公告，苏同、杨宁于2020 年7月20日至 2021年1月5日期间（以下简称操纵期间或涉案期间）, 通过借用杨某龙安信证券账户（股东代码 A782***353）等19个证 券账户，及苏同母亲姜某某海通证券账户（股东代码 A854***732）,合计控制使用 20 个证券账户 （以下简称账户组）交易"华扬联众"。 苏同、杨宁操纵的资金来 源主要为苏同自有资金和账户组配资资金。 苏同、杨宁在操纵"华扬联众"过程中分工协作，相互配合，属于共同违法主体。 其中，苏同主要负责提供资金、总体 决策、出面与配资中介签订合同等；杨宁主要负责寻找并管理配资账户、组织交易团队下单交易、统筹安排支付配资账户利息和退补保证金等。 文/梧桐兄弟 操纵期间共计115个交易日，账户组有109个交易日交易了"华扬联众",占全部交易日的 94.78%,申买量排名第一的有98个交易日，买入成交量排名第一的有101个交 易日，申卖量排名第一的有 97 个交易日，卖出成交量排名第一的 ...