China’s Regulator Levies Hefty Fines for Stock Market Manipulation

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China’s Regulator Levies Hefty Fines for Stock Market Manipulation

Postby kreslik.news » Sun Mar 12, 2017 5:15 pm


China’s securities watchdog, the China Securities Regulatory Commission (CSRC), has slapped a CNY 1.17 billion ($170 million) fine on a Chinese fund manager for stock-market manipulation in its sweeping investigation of the industry.

Tang Hanbo, who has been punished for illegal trading twice before, was fined on Monday for what the CSRC called market manipulation. The Commission said that the cases in which it intends to levy the hefty fines, collectively worth more nearly 2 billion yuan, involve large amounts of money and conspiracies to violate trading rules that interfered with normal market functioning and helped fuel abnormal market fluctuations.

Specifically, Tang was ... (read more)

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