What's wrong with the host being fined 100 million? Why so many
4hw.com.cn: on May 7, 2018, according to the letter of decision on administrative punishment issued by CSRC, Liao Yingqiang, the host of talk about shares and talk about gold on the first financial channel of Shanghai culture and television group, uses the influence of the host of its well-known securities program to publicly evaluate and recommend shares on his micro blog and blog, uses the account group controlled by him to buy relevant shares before recommendation, and in the afternoon after recommendation Or the next day. The CSRC decided to confiscate the illegal income of 43104800 yuan to Liao Yingqiang and impose a fine of 86209500 yuan, totaling 129 million yuan. What's going on? Let's have a look.
Around 2012, Liao Yingqiang served as the host of "talk about stocks and talk about gold" on the first financial channel of Shanghai culture and television group. The stock review program attracted a large number of audiences with a humorous style, and was nicknamed "Guo Degang who talks about investment" by the media and fans. In the spring of 2016, liaoyingqiang opened its own securities training institution, aiguixuan. After more than a year, Liao Yingqiang's training lectures on various social media, audio and video platforms attracted a large number of fans. In the eight months after the program was launched, his listening volume reached 32 million times.
From March to November 2015, Liao Yingqiang published 60 blogs with recommendation content, with an average of 110399 clicks. In the video of his microblog and blog "lunch break" column, he publicly evaluated and recommended 39 stocks such as "Christie's technology" for 46 times. Before recommendation, he used the account group controlled by him to buy relevant stocks, and sold them in the afternoon or the next day after the opening of the public recommendation, The total illegal income is 43104773.84 yuan.
The CSRC found out that the 'Liao Yingqiang' account was under its own control. From March to November 2015, the MAC address entrusted by the 11 securities accounts such as the 'Chai Yuwang Xini' Zhang Yuping 'account when Liao Yingqiang recommended shares was highly overlapped with the MAC address used by the' Liao Yingqiang 'account. The source, income and operation of the above accounts are closely related to Liao Yingqiang. Liao Yingqiang is the actual controller and general manager of guxuan culture and Shanghai Yingqi Culture Communication Co., Ltd. (hereinafter referred to as Yingqi Culture). The securities account holders under investigation have kinship or working relationship with Liao Yingqiang. Therefore, the CSRC has comprehensively determined that Liao Yingqiang controls 13 securities accounts, including himself and Zhang Yuping. The above facts are supported by relevant contracts, information and information provided by relevant units, records of inquiries by relevant personnel, relevant bank account information, securities account information and other evidence.
Liao Yingqiang said in his hearing, statement and defense that he believed in and recommended eight stocks such as "quanchai power" through technical analysis. Within 10 days to 3 months after its recommendation, the above-mentioned shares have increased significantly. However, according to the trading records of 13 securities accounts such as' Zhang Yuping ', Liao Yingqiang immediately sold the shares purchased before the recommendation after the recommendation. The selling behavior contradicted with the recommendation behavior and the subsequent increase of the above-mentioned shares.
In response, the CSRC found that Liao Yingqiang's above-mentioned acts violated the provisions of item (4) of Article 77, paragraph 1 of the securities law, which prohibits anyone to manipulate the securities market by any of the following means, and constituted the situation described in article 203 of the securities law. According to the facts, nature, circumstances and degree of social harm of the illegal acts of the parties concerned, and in accordance with the provisions of article 203 of the securities law, the CSRC decided to confiscate 43.1048 million yuan of the illegal income of liaoyingqiang and impose a fine of 86.2095 million yuan, totaling 129 million yuan.