# market manipulation
Latest news and articles about market manipulation
Total: 3 articles found
China Purges Financial Influencers After ¥83m Penalty Exposes Social‑Media Stock Racket
Chinese regulators and major tech platforms have moved to punish and deplatform influential stock‑picking social media accounts after a high‑profile ¥83 million penalty exposed systematic manipulation. The coordinated action targets a wider problem: monetised investment communities and celebrity traders whose recommendations materially sway prices and leave retail investors exposed.
China’s Market Watchdog Slaps CNY 1.02bn Penalty on Trader for Five-Year Stock-Manipulation Campaign
China’s securities regulator found that Yu Han used 67 trading accounts from mid-2019 to mid-2024 to manipulate the shares of Boshi Eyewear (博士眼镜), netting roughly CNY 510.9 million. The CSRC ordered confiscation of the illicit gains, an equal fine for a total penalty around CNY 1.02–1.03 billion, and imposed a three-year market ban and trading prohibition.
Chinese Regulator Bans and Fines Social‑media Stock Pundit After Finding ‘Hat‑Snatching’ Manipulation
Zhejiang securities regulators have fined and banned a well‑known Xueqiu account operator, Jin Yongrong, for manipulating markets by recommending stocks and then selling into the buying pressure he created. The bureau confiscated RMB 41.62 million in illicit gains, imposed an equal fine and a three‑year market ban, rejecting Jin’s defenses about intent and reach.