Retail investors are fined millions, and hundreds of thousands can also sit in the bank?

Pick up the money and ask for money

2024-05-20 15:36Published on the official account of Jiangsu Pomegranate Inquiry Wealth

A while ago, the official website of the China Securities Regulatory Commission disclosed a penalty decision, which caused an uproar on the Internet.

A retail investor can sit in the bank for hundreds of thousands, and he has earned more than 1.5 million.

Let's talk about the story behind it today.

01

According to the administrative penalty decision of the China Securities Regulatory Commission, it shows that this retail investor in Nanjing has manipulated 31 LOF funds in 21 to 22 years, making a profit of more than 1.5 million.

The basic operation is based on three points: 1. Continuous trading by taking advantage of funds, 2. Securities trading between accounts under one's control, and 3. The impact of manipulation on the secondary market price of the fund.

In the end, all profits were confiscated, and a fine of more than 3 million was imposed twice, and more than 4.5 million was confiscated, all of which were confiscated from the state treasury.

This case is very typical, and it is worth knowing the story behind it. Because similar incidents are not uncommon, many of the opportunities you think are actually big pits.

02

We take a case disclosed in the penalty decision, Rongtong Four Seasons Tianli as an example, and review the process of manipulating the stock price.

The first step is to find a LOF fund with very poor liquidity to open a position.

Poor liquidity, that is, almost no one trades, maybe only tens of thousands or hundreds of thousands of trading volume per day, if the disk chips are ideal, hundreds of thousands of funds, you can hit the fund up and down.

The reason for the need for LOF funds is that they can be subscribed over-the-counter according to the net value of the fund first, and then transferred over-the-counter to the market, so as to realize the convenience of opening positions and no impact costs, and obtain sufficient chips.

This LOF, before the pull-up, those white K-lines were 0 transactions on the same day, and the few other days with transactions were thousands or even tens of thousands.

The second step is to trade with multiple accounts under your control to increase the price.

Because these LOF funds are very illiquid, he can use his multiple accounts to trade with each other, pulling up the price by multiple price limits.

The above-mentioned funds have risen by up to 30% in 3 days, but in fact, most of them are self-pulling.

In the third step, the sudden surge will inevitably attract some gamblers, and then ship directly at a high level.

Because this retail investor has also entered hundreds of thousands, the shipment speed will be very fast, and there will be no trouble that the institution will not be able to run away.

And even if you don't sell it, you can transfer it from the OTC to the OTC.

According to the disclosure of the penalty decision, from November 29 to 30, the secondary market price of Rongtong Four Seasons Tianli LOF Fund increased by 21.09%. During the same period, the net value of the fund increased by 0, with a deviation of 21.09%.

The retail investors who rushed in and wanted to make a fortune were repeatedly harvested by the retail investors who made the bank.

03

Why is this case worth paying attention to, do you still remember that Lao Nan just wrote ""Well-known" Private Equity Running Away? The Routine Behind the Deep Gossip".

The core deception in this also uses the same routine as the above, but the target is the New Third Board stock with no trading volume.

As early as more than 20 years ago, when I first came to work in a brokerage, I heard my old colleagues say that in order to transfer profits, some accounts trade back and forth every day through bonds that can be traded at T0 on the same day and have no trading volume, and transfer the money from account A to account B.

Therefore, for ordinary retail investors, we must stay away from this kind of variety with a very small trading volume and easy to manipulate the stock price. Don't get hot in your brain and want to rush in to get rich, this game is about cutting leeks, not getting rich together.

Especially after the new village chief took office, I repeatedly mentioned it many times in the official account and internal reference, this person really understands securities, and the supervision will crack down on all kinds of violations of laws and regulations that endanger openness, justice and fairness.

Recently, a large number of big and important cases have been arrested, and brokers, law firms, and clubs have been punished one by one. Even if you are only a few hundred thousand retail investors to sit in the bank, you will not let it go.

knot

A while ago, I saw a sentence on the Internet, which was very recognized, that is: there is always a way to live, and your IQ is competent. All roads lead to Rome, and there is always one that belongs to you.

In fact, the difficulty of people lies in understanding their true ability, not overestimating, not underestimating, and working hard within this range will inevitably have good results.

Once the line is crossed, it is only a matter of time before it hurts.

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Personal opinion, for reference only