高频量化交易巨头Jane Street正面临一项重大诉讼，其被指控利用内幕信息抢跑交易并寻求低折扣抄底，从而加速了Terra生态系统高达400亿美元 的崩盘，并推动了2022年全球加密货币市场的"寒冬"。 据《华尔街日报》及曼哈顿联邦法院的公开文件显示，Terraform Labs破产计划管理人Todd Snyder已正式起诉Jane Street、其联合创始人Robert Granieri以及员工Bryce Pratt和Michael Huang。诉讼指控该机构利用私密的内部沟通渠道获取未公开的重大资金动向，并在市场不知情的情况下完 成大规模抛售。 （Jane Street涉嫌加密货币内幕交易时间线） 建立"后门"与非公开信息获取 根据法庭文件，Jane Street与Terraform的直接交易关系可追溯至2018年，但双方在代币交易上的深度纠葛始于2022年2月。 当时，Jane Street派遣曾在Terraform担任实习生的Bryce Pratt，负责建立与前同事的沟通渠道。诉讼指出，Bryce Pratt与Terraform的核心工程师及业 务发展主管建立了一个名为"Bryce's Secret ...

根据Terraform Labs的X帖子，Jane Street涉嫌参与内幕交易、市场操纵和欺骗性交易行为，导致 Terraform Labs在2022年倒闭，"此举旨在为债权人挽回价值并使Jane Street对在加密历史上最重要事件 之一中利用生态系统的行为负责。" TerraForm起诉Jane Street涉嫌内幕交易。 根据Terraform Labs的X帖子，Jane Street涉嫌参与内幕交易、市场操纵和欺骗性交易行为，导致 Terraform Labs在2022年倒闭，"此举旨在为债权人挽回价值并使Jane Street对在加密历史上最重要事件 之一中利用生态系统的行为负责。" 责任编辑：于健 SF069 责任编辑：于健 SF069 TerraForm起诉Jane Street涉嫌内幕交易。 ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, including market manipulation and misleading statements [2][4]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false and misleading statements and failed to disclose significant risks related to market manipulation and fraudulent promotions [4]. - Specific allegations include the use of social media misinformation and impersonators to manipulate stock prices, as well as insider trading through offshore accounts [4]. - The company's public statements did not mention the risks of fraudulent trading, leading to a significant risk of trading suspension by the SEC and NASDAQ [4]. Group 2: Stock Price Collapse and Trading Suspension - On September 26, 2025, Smart Digital's stock price fell by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [5]. - The SEC suspended trading in Smart Digital securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations [5]. - As of the filing date, trading in Smart Digital securities remains suspended, with no clear timeline for resumption [5]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses in Smart Digital are encouraged to contact Faruqi & Faruqi to discuss their legal options, with a deadline of March 16, 2026, to seek the role of lead plaintiff in the class action [2][6]. - The lead plaintiff is defined as the investor with the largest financial interest who can adequately represent the class [6]. - Faruqi & Faruqi is also seeking information from whistleblowers and former employees regarding Smart Digital's conduct [7].

最近美国那边可真是热闹非凡。 一份民调像颗炸弹，说居然有四分之一的美国人支持美军打击中国本土目标。 这疯狂念头怎么来的？ 不少人手指一戳，直 接指向了重新杀回白宫的特朗普。 他那套"美国优先"的狠话，把中国当靶子的做派，显然撩拨起了不少人的情绪。 但嚷嚷归嚷嚷，真动手？ 那可不是在推特上发个感叹号那么简单。 我们仔细扒了扒特朗普回来后的一系列操作，发现这"打击中国"的狂热呼声，恐怕只是 他四处点火政策下，最危险、也最不现实的一朵火花。 他正忙着在更多地方"引火烧身"，而且这火苗，眼看着就要窜回自己脚下了。 咱们先看看他最得意，也最混乱的经济牌。 特朗普一回来就祭出了"对等关税"的大杀器，宣称要对所有贸易伙伴加税。 这消息一出，全球市场先吓出一身 冷汗。 可这税怎么加、加多少，政策一天变三变，搞得美国自己的企业和投资者都晕头转向。 最戏剧性的是，他一边喊着强硬，一边又对某些产品搞"短暂豁免"。 这一通操作下来，美国的股市像是坐上了过山车，今天暴跌明天反弹，心脏不好的根 本受不了。 市场最怕的就是不确定性，特朗普偏偏制造了一大堆。 更让人瞠目结舌的是，这些政策变动，似乎总能精准地让某些人赚得盆满钵满。 就有那么一 ...

Core Viewpoint - Raffles Interior Limited's board has received a formal complaint against its director and controlling shareholder, Zheng Nenghuan, alleging market manipulation and unauthorized actions related to a significant transaction and stock trading suspension [1][2]. Group 1: Allegations and Complaints - The complaint alleges that Zheng Nenghuan pledged his 51% stake in the company through Hancheng Holdings Limited as collateral to Jiekou Securities [1]. - Jiekou Securities issued a margin call to Zheng Nenghuan on November 3, 2025, demanding full repayment by noon on November 4, 2025, or face forced liquidation of the pledged shares [1]. - The complaint claims that Zheng Nenghuan, fearing the margin call, entered into a contract to acquire a land parcel for HKD 300 million with his spouse without board authorization [1]. - It is also alleged that Zheng Nenghuan instructed his private lawyer to apply for a trading suspension of the company's shares without board authorization [1]. Group 2: Board's Response and Investigation - The board immediately contacted Zheng Nenghuan for clarification regarding the allegations and confirmed that he received the margin call notice on November 3, 2025 [2]. - Zheng Nenghuan stated that the margin call notice was unrelated to the signing of the acquisition agreement and the need for an urgent trading suspension [2]. - The board noted the close timing of Zheng Nenghuan's actions and emphasized that these were executed without prior consultation with other board members [2]. - An independent investigation committee was established on December 10, 2025, to address the issues raised in the complaint, with the board's approval on December 15, 2025 [2]. Group 3: Investigation Progress - As of now, Zheng Nenghuan has not been cooperative with the independent investigation committee and has failed to provide necessary documentation for a thorough review [3]. - The independent committee will continue its investigation with the assistance of external legal advisors and will report findings to the board at an appropriate time [3].

Core Viewpoint - Raffles Interior Limited is facing serious allegations against its director and controlling shareholder, Zheng Nenghuan, regarding market manipulation and unauthorized actions, which could violate securities laws and regulations [1][2]. Group 1: Allegations and Complaints - An anonymous complaint was received on January 28, 2026, alleging that Zheng Nenghuan engaged in market manipulation and unauthorized actions [1]. - The complaint details that Zheng pledged his 51% stake in the company as collateral to a securities firm, which subsequently issued a margin call [1]. - It is claimed that Zheng, fearing forced liquidation due to the margin call, signed a contract to acquire a land parcel for HKD 300 million without board authorization and instructed his lawyer to suspend trading of the company's shares [1]. Group 2: Board's Response and Investigation - The board immediately contacted Zheng for clarification regarding the allegations and confirmed that he received the margin call notice on November 3, 2025 [2]. - Zheng stated that the margin call notice was unrelated to the signing of the acquisition agreement, which required urgent trading suspension in compliance with listing rules [2]. - The board has established an independent committee to investigate the allegations, but Zheng has not been cooperative in providing necessary documentation for a thorough review [3]. Group 3: Ongoing Investigation - The independent committee, with external legal counsel, is conducting a rigorous investigation and will report findings to the board at an appropriate time [3].

1月23日，通宇通讯（002792）的龙虎榜显示，中国银河证券股份有限公司大连黄河路证券营业部 （陈小群常用席位）买入金额2.11亿元，占当日总成交额比例达6.47%，通宇通讯股价也强势涨停。 如果没有他人假冒，此次大手笔买入通宇通讯的人大概率应该是陈小群本人。看来"休息"了没几 日，陈小群还是再次积极参与到A股市场的交易中来。 沉寂了数日，新生代顶级游资陈小群"出山"了，再次现身龙虎榜。 陈小群此次现身，至少说明目前他没有被限制交易，此前关于他操纵市场的传闻大概率属于谣言。 陈小群用实际行动来证明自己的"清白"。 陈小群在股票圈的知名度非常高，其2024年9月至2025年12月增值20倍的炒股神话引起了市场轰 动，一时间他有成为"市场领袖"的意思。而他的席位溢价非常高，只要常用席位买入的股票，经常连续 一字板涨停，或者连续涨停，比如说鲁信创投、航天发展等。 不过，陈小群也因此陷入市场舆论的旋涡。事件起因是这样： 2026年1月16日，商业航天板块个股 集体大跌，陈小群的常用交易席位"中国银河证券大连黄河路营业部"当日卖出华胜天成5.13亿元、鲁信 创投2.1亿元等系列股票，加起来卖出金额超过15亿元。由于大 ...

Core Viewpoint - The recent administrative penalty imposed by the China Securities Regulatory Commission (CSRC) highlights a zero-tolerance approach towards market manipulation, with a record fine exceeding 1 billion yuan for an individual involved in manipulating the stock of BoShi Glasses over a five-year period [1][6]. Group 1: Manipulation Details - The manipulation case spanned from 2019 to 2024, involving 67 accounts controlled by an individual, which systematically traded BoShi Glasses stock [2][9]. - During the 1,252 trading days of manipulation, the accounts were active on 837 days, with buying volume exceeding 10% of the market's total on 181 days and over 20% on 45 days [2][9]. - The average daily holding of the accounts was 13,913,349 shares, representing 13.64% of the circulating shares, with over 1,026 trading days where holdings exceeded 10% [2][9]. Group 2: Trading Techniques - The individual employed deceptive tactics, including aggressive buying at or above market prices to create a false sense of trading activity, while simultaneously engaging in wash trading [3][10]. - There were 212 trading days where self-buying and selling occurred, with the highest single-day wash trading volume reaching 25.32% of the market total [3][10]. Group 3: Stock Performance and Market Impact - The stock price of BoShi Glasses surged from 13.72 yuan to 37.81 yuan, marking a 175.58% increase, while the Shenzhen Composite Index fell by 9.36%, indicating a significant divergence from market trends [4][12]. - This price increase was not a result of genuine market forces but rather a product of manipulation, as evidenced by the extreme deviation from the overall market performance [4][12]. Group 4: Regulatory Response - The CSRC's penalty included a fine of over 1 billion yuan, requiring the individual to return all illegal gains and pay an equivalent fine, reflecting a shift towards stricter enforcement in the registration system [6][13]. - The individual faces a three-year ban from the securities market and a prohibition on trading, effectively preventing any future involvement in capital markets [6][13]. Group 5: Investor Awareness - This case serves as a cautionary tale for retail investors, emphasizing the risks of stock price manipulation and the importance of recognizing signs of potential market manipulation [7][14]. - Investors are advised to be vigilant about stocks that show significant price deviations from the market, fluctuating trading volumes, and lack of fundamental support [7][14].

● 本报记者 昝秀丽 证监会今年开出的"1号罚单"直指操纵市场行为，对自然人余韩操纵"博士眼镜"股价罚没逾10亿元；浙 江证监局对向日葵重组预案涉嫌误导性陈述立案调查；深交所对因涉嫌财务数据存在虚假记载被证监会 立案的*ST立方、*ST长药进行重点监控……近日，一系列监管案例密集公布，彰显出监管部门对市场 违法行为"零容忍"的坚决态度，传递出强化交易监管、维护市场公平、防止大起大落的明确信号。 从行政处罚到刑事追责，从精准打击到平台共治，监管部门正构建起一张多维度、立体化的监管网络， 着力打造"不敢违、不能违、不想违"的长效治理格局，以监管效能的提升推动市场生态持续净化。 严打异常炒作 维护市场稳定运行 无独有偶，同样面临退市风险的*ST长药连续多个交易日涨停。然而，炒作热潮难掩退市定局，*ST长 药1月23日晚间发布的公告称，公司当日收到证监会行政处罚决定书，深交所同步下发事先告知书，明 确拟终止其股票上市。 针对此类乱象，相关部门反应迅速、出手精准。深交所于1月23日明确表态，对因涉嫌财务数据存在虚 假记载被证监会立案的*ST立方、*ST长药进行重点监控。 浙江裕丰律师事务所律师厉健分析，异常波动背后常伴 ...

近日，证监会召开2026年系统工作会议，会议提出要"严肃查处过度炒作乃至操纵市场等违法违规 行为，坚决防止市场大起大落"，笔者认为，这一表述精准切中了当前市场的症结。 当前，一些妖股在短期内大幅上涨，日换手率甚至超过30%，用"炒糊了"来形容也不为过。一方 面，这说明相关个股的炒作和投机属性极强，相当一部分投资者参与的并非基于基本面的长线投资，而 是高换手率下的筹码博弈；另一方面，也可能反映出介入其中的主力资金实力强悍，游资等动辄以数亿 元资金集中买入单只个股，其体量已具备相当程度的控盘能力。 正是由于妖股、题材概念股所形成的资金"虹吸效应"，相当多"老登股"交投清淡，日换手率往往只 有百分之几甚至更低，长期缺乏流动性支撑，其估值水平也难以获得有效托底，反而在这一轮如火如荼 的行情中走出下跌走势。不少投资者由此抛弃进入下跌通道的"老登股"，转而追逐换手活跃、叠加新鲜 时髦概念的妖股，市场中隐约显现出"劣币驱逐良币"的畸形格局。 部分"妖股"明显脱离基本面，背后隐现资金协同拉抬、虚假信息配合等操纵痕迹。证券法第55条规 定，禁止任何人以八种手段操纵证券市场，影响或者意图影响证券交易价格或者证券交易量。按笔者的 ...