Recently, an administrative supervision warning letter issued by the Jiangsu Supervision Bureau of the China Securities Regulatory Commission has once again aroused heated discussions among shareholders, and everyone has said that they can see the management move seriously in their lifetime, and no longer use the previous public condemnation and circular criticism, how fortunate they are! This move made retail investors feel very uplifted. 'Strict punishment law' to restrain listed companies and managers, has finally been implemented!
In order to verify the latest judgment that the supervision of the A-share market has been strengthened, I deliberately went to the source of the relevant news to check again, but found that the message area did not seem to fully agree with my point of view. Although it is not a laugh, investors generally believe that the fraud of the listed company is serious, and the corresponding punishment measures are still understatement, and do not touch the substantive pain points of the violators, compared with the previous criticism and condemnation, it is also not hardcore!
They even mentioned Enron and Worldcom, the well-known counterfeiting companies on Wall Street, that not only were their executives fined and put in prison, but even the relevant auditing and accounting institutions were also wiped out! On the other hand, the cost of fraud in Big A is too low, and as long as there is that opportunity, everyone is willing to reach out and give it a try, and everything is due to limited risks and unlimited returns. This is not unfounded at all, I think that if the regulatory level of the market continues to be relaxed, but there will really be a big problem, whether it is a condemnation or a regulatory letter, or even a symbolic fine, all of which have their own incentive nature, and for the relevant enterprises is simply sprinkled with water and drizzle, can it not be a big joke in the world?
Oh my God! In the 13 years since it was listed, half of the time has been spent on fraud, how much effort is left to run the main business? It is necessary to go back 20 years, first of all, we should find out the original sponsor institution, and then the accounting firm is even more inseparable, and the hanger is derelict in its duties, and almost every time there is a big thunderstorm, there is a conclusion of "standard unqualified opinion" to bless, which makes investors obsessed with studying financial statements embarrassed?