National Gold Securities Chairman of the joining case was investigated

Source: Internet
Author: User
May 13 Night, the National Gold Securities (600109.SH) announced the announcement of major issues, the bulletin said: "Chairman Loeb for personal reasons are being investigated."  "As Mr Loeb was the Secretary of the former deputy chairman of the SFC, joining, the industry speculated that the investigation should be related to the" joining case ". "The ' joining case ' is far from over. In my opinion, a bunch of people will be implicated.  "May 14, a brokerage executive so judged the national Gold Securities Chairman Loeb was investigated."  After the May 14, "China business newspaper" reporters call the office of the Secretary of State Gold Securities, asked the so-called "personal reasons" what the meaning? "We do not know the specific, everything is based on the announcement."  "China Gold Securities office staff said." The reporter learned from the National Gold securities internal staff, for "The Survey of the", most employees are very surprised, "there is no sign of a hint beforehand." "The staff said," In late April, Ray also received a number of media interviews, talk about the future and development of gold securities.  Earlier this month, the same reason for "personal reasons" was suddenly arrested by the public security organs of the Galactic Securities President Xiaoxing.  Xiaoxing with joining individual close BYD. The reporter learned that in 1995, during joining as vice chairman of the SFC, Mr Loeb was joining's secretary. Almost at the same time, Xiaoxing also worked in the CSRC, joining was the leader of Ray and Shaw, and Shaw was promoted by joining, so they were both considered "joining."  "For this period of history, there is no taboo about Loeb.  In last year's "joining Case", it was suspected that Loeb might be implicated. However, in an interview with other media, he stressed: "Now the outside world is to take my working background 10 years ago, I and the national gold do some unwarranted suspicion." I would like to say three: First, I was the secretary of the joining is an organizational arrangement, and the second is joining December 1998 has been transferred from the SFC to the country to open the line of work. I did his secretary 10 years ago. The third is that the securities and banks are divided into two different industries, we do not have any business dealings, I and he is only as old subordinates and the old superior personal emotional contact.  Since joining was removed from the SFC in 1998, the Leibo was investigated by the relevant departments and whether it really was related to the "joining case", although the reporters had been verified by many Parties and had not been confirmed by the authorities.  In the case of public information on the listing, the 1958-born of the waves, has served as the China Futures Association (CHIP), the Chinese Securities Regulatory Commission cadres, Huaxin Securities general Manager, Chung Jin Industrial (Group) Co., Ltd. President, chairman of the National Gold Securities and other positions. During his tenure as deputy chairman of the SFC, joining's secretary, conferred, the head of the Chung Jin Department, became the legal representative of the Chung Jin Company.  Last May, conferred jumped to suicide, June joining was "double regulation", as with the two have a close relationship with the both is always in the vortex of public opinion. According to the reporter understand, "joining" by the public security organs movedAfter the public prosecutor's Office, has been in the investigation stage, has not been formally prosecuted.  As a result, the industry speculates that the "joining case" may unravel more quickly with the advent of Xiaoxing, Loeb and the "interests" that will be further implicated in the future. "The joining case is more complex, otherwise it will not be so long before the court has not been prosecuted."  "A person who has worked in a securities market for many years says.  The above people remind reporters to pay attention to the criminal law of the People's Republic of China (vi) in the crime of capital markets, the new additions.  The reporter noted that in 2006, the "Amendment to the criminal law of the People's Republic of China (vi)", involving the capital market and listed companies have as many as six or seven entries. For example, the amendment to the criminal law of the People's Republic of China (vi) modifies article 182th of the Penal Code to: "In any of the following circumstances, the operation of securities, futures markets, in serious circumstances, shall be sentenced to five years ' imprisonment or criminal detention, and shall be punished by a single penalty, and in a particularly serious case, a term of imprisonment of less than five years and a fine. The person believes that the issue of the state gold securities to be listed on the case. Previously reported that: National Gold Securities in the original two after the directional issuance of the listing after the practice may have "insider trading." However, in a media interview later, he clarified the matter, insisting that "there was no precedent for brokerage backdoor." We only strictly according to the regular reorganization backdoor laws and regulations and the operation method to standardize the reorganization, can only choose two steps to plan. ”

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.