Mountain Coal international stock price manipulation case responsible person Linzhong fined 600,000 yuan

NetEase Finance July 29, China Securities Regulatory Commission issued a Thursday notice, the Freelancer Linzhong control two relatives of the account, in the June 1 close to two minutes before the close, to limit the price of large commissioned, since the sale of the behavior led to "Mountain Coal international" stock price of the day.　　After investigation, the SFC decided to impose a fine of 600,000 yuan on Linzhong. According to reports, before June 1, 2010, the parties Linzhong use their relatives "Lin So-and-so" account holding "Mountain Coal International" 1.4386 million shares, book losses.　　In order to reduce losses, the June 1 14:58 to close period, Linzhong use the capital advantage, control two relatives of the securities account, using the inverted way to a large amount of trading prices declared "Mountain Coal international" stock.　　After investigation, the two accounts on the reverse turnover of 1.0256 million shares, accounting for the day of the market turnover of 32.46%, accounting for 15 minutes before the market turnover of 69.49%, accounting for 2 minutes before the market turnover of 78.13%, will "mountain Coal international" price locked in the trading price of 23.89 yuan. After investigation, the SFC believes that Linzhong's conduct violates the relevant provisions of the Securities Act and decided to impose a fine of 600,000 yuan on Linzhong.　　Linzhong has also become the first person to be punished for "manipulating the securities market and insider trading Standards". Related background: June 1 last 1 minutes, 12887 hands a total of more than 30 million yuan of funds, to limit the price of a sudden influx of a mountain coal international, the unit from a fall of 3.3% was strongly pulled to the limit. 14:59, first a sum of 3000 hands of the bill, to 23.89 yuan prices appear in the coal international trading details. Then, after a small amount of normal sales, a larger bill surfaced, the single again at the price of 23.89 yuan to buy 9887 hands. 23.89 Yuan for the stock yesterday's trading price, higher than the normal price of about 2.89 yuan.　　Finally, the unit closed at 23.87 Yuan, up 9.9%, amplitude of 14.92%. This makes the performance of mountain Coal International is very strange.　　SSE disclosed the shares of the trading seats found that Everbright Securities Shanghai oblique Dirt Road Securities Business Department and the National Yuan Securities Shanghai Fuxing West Road Securities sales department respectively for the largest trading business. Related reading: The Securities and Futures Commission said that the international stock price of mountain coal to verify the international "second stop Show" The concern of the two sales department suspected of operating a plate