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Today the stock market in general, but these days have been good, many people began to play. Today there is a stock market-related news: Wang Jianzhong trial. He was known as Warren, now also known as the black mouth. Someone comes into play, it was "fate", this may be another view of the stock market. It uses examples warn you: "The stock market risk, investors need to be cautious." These words apply to normal shareholders, such a person is equally applicable for Wang Jianzhong, but is another explanation.

Courtroom

Black mouth tried to say 7:00 objections

This morning, in the history of China's securities market since the first stock market stock market manipulation case black mouth Beijing Second Intermediate People's Court in the trial, 42-year-old Beijing premiere Investment Advisory Co., Ltd. Leader Wang Jianzhong trial. Historically,http://bbs.yapaifs.cn/forum.php?mod=viewthread&tid=9018869, the stock market "black mouth" Shou Cheng not isolated cases, but the transfer of suspected market manipulation justice,http://cgi.sky.geocities.jp/yutariok/diary.cgi, Wang Jianzhong but for the first person.

Second Branch of Beijing Municipal Procuratorate prosecutor believes that the crime should be investigated for stock market manipulation Wang Jianzhong criminal responsibility. The prosecution alleged, Wang Jianzhong between July 2006 to May 2008, using the name of himself and others, opened a number of securities accounts, taken in advance to buy the relevant securities, the use of the name of the company in the media after the recommendation of the foreign securities, artificially affect the trading price of securities, and sell related securities immediately after the information disclosure. Wang Jianzhong stock market manipulation 55 times the illegal profits of 1.25 billion yuan owned by individuals.

Wang Jianzhong's lawyer before the high child said Wang Jianzhong buy stocks are super heavyweight,peuterey outlet, Wang Jianzhong amount of money with a few million to tens of millions impossible to manipulate. And after Wang sell their shares, these super heavyweight stock still continue to rise. Wang Jianzhong obtain benefits should belong With big bull market acquired normal speculative gains, rather than the additional interest acquired illegal market manipulation. Gao Cheng believes that the Commission has made an administrative penalty for Wang Jianzhong, Wang Jianzhong confiscated illegal income of 1.25 billion yuan,moncler outlet, and impose a fine equal, should have no need to be criminal penalties.

10 am, Wang Jianzhong was brought to court. After hearing the prosecutor read the indictment, Wang Jianzhong, said the situation set out in the indictment have 7:00 objections. Wang Jianzhong statement stressing each syllable, he set out in the indictment address objections, open an account,nike tn, the transactions have objections, the indictment says he disagrees ignore national laws, for illegal profits of 125 million yuan have objections of recommended stocks have objections through the media, on the 55th operating behavior objection.

"I do not know the recommended stocks with the ability to influence the stock market price." Wang Jianzhong said he believes the stock is recommended by the company's business behavior, he was on the basis of the annual short-term trading tips on the use of the recommended stock information, subjective on no intentional market manipulation. When the prosecutor let Wang Jianzhong own stock analysts to evaluate the influence of time, Wang Jianzhong said he has no influence. "That's why investors call you 'Wang beak'?" The prosecutor asked. "Before I was arrested, I never heard this title." Wang Jianzhong calmly replied.

Court battle

Preemptive trading is not a crime

Preemptive transaction was identified as stock market manipulation crime, there is no precedent in the country. In the foreign securities market is also very rare, Germany had occurred together, a fund manager by recommending the stock to investors, be the first to trade, and ultimately was identified as market manipulation. How to define the legal nature of the first to the transaction, has been controversial in the States securities industry. Wang Jianzhong case before the court, the prosecution and defense have told reporters that the court believes the debate, it would be a very prominent focus.

The prosecution - although Wang Jianzhong crime novel approach, the essence is still subject to section 182 provisions of the Criminal Code charge of operating securities market is to manipulate or artificially influence the implementation of a stock, so the stock generating an upward trend, others are blind with into the time you sell quickly, this behavior itself is preemptive transactions, will be carried out if it reaches the circumstances are serious criminal law; if the circumstances are not serious and can be punished by administrative organs such as administrative SFC. According to Supreme Procuratorate, Ministry of Public Security regulations on economic crimes prosecution standards, stock market manipulation illegal profits of more than 500,000 yuan can be prosecuted,http://technoresto.org/cgi-bin/forum/dcboard.cgi, which is the boundaries of administrative and criminal. We believe that Wang Jianzhong plot belonging to particularly serious, incriminate certainly no problem.

The defense - first to stock market manipulation transactions whether the behavior, the law does not specify, according to the principle of legality, should not be recognized as a crime. China's "Securities Act" Article 77 pairs of market manipulation provisions only for "joint sale" or "continuous trading", "relative trust" and "wash sale" of these three market manipulation means to make specific provisions, and for preemptive deal not specified. Preemptive transactions, even if they are identified as illegal, can not be regarded as a criminal offense. Even if the Commission finds that the action is illegal, it can not serve as the basis for criminal punishment. Although the Commission to develop a "stock market manipulation finds Guidelines (Trial)" provides a scalper trading manipulation, but this provision has not yet promulgated, so the Beijing premiere and Wang Jianzhong administrative penalties no legal basis for Wang Jianzhong be criminal Punishment is no basis in law.

Wang Jianzhong contradiction

Born in 1968, Huaining County, peasant family is the youngest of four children at home. 1984, Wang Jianzhong was admitted to the Department of Finance, Xiamen University, was the first out of the family of a college student.

In 1989, after graduating from the University Wang Jianzhong, in any branch of the bank loan officer Daxing. Four years later, he was admitted to the finance company of Air China, and opened his first stock account. 1998-2001, Wang Jianzhong services in Beijing Investment Policy Investment Consultants Limited. In August 2001, with his wife Zhao Yuling Wang Jianzhong was founded Beijing premiere, and gradually become the stock market pundits.

Since 2006 bull market, Wang Jianzhong this name more than its hometown charity event together. He invested 50,000 yuan for the home building roads; villager surnamed Wang men aged over 60, women over 55 years, the pension can enjoy 500 yuan per person per year; all the village college students,louboutin homme pas cher, high school, have a one year 500 yuan subsidies; 2007 January, he donated two million yuan to improve his alma mater High River Middle School teachers and school conditions and incentives. In the same year, the establishment of "Anhui Jianzhong Education Development Foundation"; after the earthquake, he launched the "Chinese investors donations" Initiative activities ......

Little contrast can be found, Wang Jianzhong keen charity actually completely coincide with his black mouth money-making time. Hard to imagine a return home in the sun, the success of the community,abbigliamento peuterey outlet, but also secretly doing harmed investors scandal, conflict between good and evil people to see a real unity of Wang Jianzhong. But perhaps this is not in itself a contradiction. If you are a change for Wang Jianzhong, the stock market has the ability to do anything they want in the face of your fingertips interests, can withstand the temptation?

Undulating track

The company was founded to serve the retail

"I have in mind an ideal, wanted to create a service model for retail investors, so they really get income markets, rather than purely speculative or pure gambling mentality to participate in the market." Nobody would have thought, This will be "black mouth" Wang Jianzhong had established consulting company in mind. Wang Jianzhong stocks since 1993, when only about million invested, with precise short-term fight, until 2003 when Wang Jianzhong stock funds has reached tens of millions.

But he did not continue the way individual stocks, but rather to offer a constantly losing money Beijing premiere Investment Consultants Limited. 2003, Wang Jianzhong began to frequent appearances in the media, has become an influential stock analysts. Big bear market in 2003, Wang Jianzhong "stocks into gold," the ability to have peaked. Every Monday morning the stock market opened, investors who will find, first put the company on Friday recommended the stock, more than one thousand shares in Shanghai and Shenzhen, there is always the highest gain in top of the charts, so that in the industry to form a "Red Monday" argument.

Operational difficulties occur metamorphosis

According to the Second Branch of Beijing Municipal Procuratorate prosecutor Lu Hao introduced in the inception of the company, Beijing premiere business model is quite formal. Later, because of policy changes, recruiting members of the business was stopped. As an advisory body, the premiere company only released analysis report,piumini donna outlet, sales consulting products to the public, the company's operating difficulties. Also at this time,http://www.umanosato.com/clip/clip.cgi, Wang Jianzhong began to have some other ideas.

2006, Wang Jianzhong use the name themselves and their relatives, opened a nine securities account, while the corresponding funds in the bank account for the transfer of funds traded.

After completion of preparation, Wang Jianzhong use their "stock god" aura, were robbed hat trading (also known as preemptive transaction means a professional agency securities institutions and their staff to evaluate publicly forecast or investment advice, and their pre-empt the sale of related securities in order to profit from the expected market volatility), the case of Wang Jianzhong, by avoiding retail blind mind, transformation to take advantage of this blind money.

"Wang Jianzhong first to buy a lot of pre-stock,http://tgs8.com/home.php?mod=space&uid=3971285885, then he will be on his shares held by the so-called analysis and recommendation, to use his own popularity, the so-called good news to tell you that you recognize my insight, might In my report after launch followed my opinion to buy the stock. When everyone is buying the stock when the stock price will rise naturally, I then bought the stock of all pre-sold. "

Lu Hao said Wang Jianzhong no way to control shareholders funds, but you can control the information he released the advantages of recommended stocks, which are typically the first to deal.

"Stock up a minute to make money."

2008,scarpe hogan outlet, the Commission to monitor the abnormal flow of large sums of money in the accounts of Wang Jianzhong,nike tn pas cher, for he conducted an investigation. Wang Jianzhong each SFC buy, recommended stocks, sell have done statistics,scarpe hogan, found that pre-empt can clearly reflect the transactions Wang Jianzhong - when all he published an article on recommended stocks of well-known media, pre-emergence will correspond to buy the stock behavior. For the first to buy the stock, Wang Jianzhong will be opened in the next day within a half an hour all sold, either pay is earned.

After Wang Jianzhong was arrested, the prosecutor revealed the secret of his money: "Whether the stock is up is down, I have to buy, but also because of the business department of the fee given to me particularly low, the six ten thousandths such a calculation. the stock rose a penny I make money. "

Prosecutors dialogue

Reporter: The case for the so-called stock market "Oprah" What warning mean?

Lu Hao: Council code of conduct for stock analysts to generate constraints and warning. Some overseas stock market regulations, stock analysts who want to own shares held by the facts or conduct of such notice. Have had notice of the behavior, you can exclude the crime. Preemptive trading is a professional agency and its staff agency trading of securities or hold securities related to market volatility by looking to achieve economic interests. But these people and institutions in accordance with relevant laws, has publicly made the relevant notice, and is not regarded as the first to trading operations.

Reporter: Are investors suffered losses may bring civil compensation?

Lu Hao: a large number of possible difficulties. Because civil speaking, who advocate who proof, I said I bought at a certain time to ICBC, I do now lost, but I listened to the views of Wang Jianzhong before,nike air jordan femme pas cher, to come up with evidence to support this, which for a common investment people, a relatively large number of possible difficulties. And Wang Jianzhong grab the hat itself is a new type of criminal transactions, the difficulty will be a little more civil.

55 transactions lost 10 times

The prosecution alleged,hogan interactive,http://www.ylsdbbs.com/home.php?mod=space&uid=16443, in the past two years, Wang Jianzhong implemented a total of 55 times the behavior of stock market manipulation, for 38 shares and warrants.

Wang Jianzhong are the first to buy blue chips. After Wang Jianzhong's recommendation, these stocks significantly higher opening day, or more than most of the gains. Which is relatively high profit warrants. April 2007, Wang Jianzhong spent seven funds in the account of the Wuhan Iron and Steel warrants a scalper trading, once a profit 11.56 million yuan. According to Lu Hao introduced,woolrich outlet roma, because the big risks, Wang Jianzhong only short-term,http://mzplease.com/home.php?mod=space&uid=5830, because money can be caught. However, trading at 55 times, 10 times Wang Jianzhong still lost money.

Recognize unethical to deny the crime

After being arrested,http://www.qlfishing.com/home.php?mod=space&uid=207421, Wang Jianzhong never recognized his charges, he believes his behavior has not yet reached the degree of crime, is immoral.

Wang Jianzhong lawyer Gao Cheng repeatedly met with Wang himself, he said Wang allegations felt "wrong." "He very sad, very depressed. He was believed they were doing is kind of investment techniques, at most count preemptive deal. Of course, he said that it would respect the court's final judgment." The reporter Qiu Wei Sun Ying