Case of "Investor Protection, Clear Rules and Risk Recognition": Black-mouthed "Expert" Don't Believe in the Routine of Stock Recommendation

 

At present, many financial and economic channels will broadcast stock investment programs in prime time, inviting securities analysts and audiences to exchange stock investment skills and experience, reminding investors to avoid market risks. Stock investment programs should be fertile ground for investor education. However, some lawless members of the securities consulting industry use the trust of investors to recommend and speculate their own pre-held stocks. After investors who do not know the truth buy them, they arbitrage at high levels and leave, thus blindly following the trend of investors.

 

Zhu Mou, from August 2010 to August 2014, acted as a broker in the business department of a securities company, holding certificates of securities brokers, engaged in stock brokerage business, and had certain knowledge of securities investment. From March 2013 to August 2014, Zhu Mou served as a guest of stock analysis in a financial channel's stock investment column. Faced with many investors before TV, Zhu Mou did not carry out positive investor education, but acted as a blackmouth.

 

Zhu directly manipulated his father, mother and grandmother's stock accounts and bought A shares in advance the same day. That night, in the column of stock investment, Zhu named A shares directly, described the characteristics of stocks in detail, made a positive evaluation of stocks, and encouraged and hinted investors to buy. Some small and medium-sized investors are convinced of the analysis of TV program experts. As soon as the second trading day opens in the morning, they follow Zhu's advice and follow the wind. Zhu sold all his stocks for his own profit within a few trading days after the TV program recommended them publicly.

 

Zhu Mou manipulated many A shares by this means, which seriously infringed the legitimate rights and interests of small and medium-sized investors and disrupted the normal order of the securities market. These acts violate the provisions of Article 77 of the Securities Law prohibiting manipulation of the securities market by other means, and Zhu also violates the provisions of Article 43 of the Securities Law prohibiting the trading of stocks by securities practitioners. According to the provisions of Articles 199 and 203 of the Securities Law, Zhu Mou was confiscated according to law and fined more than 13.58 million yuan.

 

Independent thinking and decision-making is the investment strategy of investors based on securities market. In the process of investment, investors, especially small and medium-sized investors, should keep an ordinary mind, learn more, observe more and think more. Experts'opinions can be used for reference, but they should not blindly follow the trend without analysis. Especially for those who recommend stocks through TV, micro-blog, blog and other channels, such as predicting the position, predicting the price and stop board, we must be vigilant, objective analysis of expert investment proposals, have their own subjective judgment, and avoid falling into the trap of the wrongdoers.