
Chinese Investor Fined $59 Million for Manipulating Multiple Stocks
A Chinese investor, Xu Yang, has been fined and had his ill-gotten gains confiscated by the Tianjin Securities Regulatory Bureau, totaling approximately 396 million yuan. According to the investigation, Xu Yang controlled and used multiple securities accounts to manipulate multiple stocks through false reporting, resulting in a profit of nearly 98.97 million yuan. The Tianjin Securities Regulatory Bureau decision states that Xu Yang's actions violated Article 55, paragraph 1, item 4 of the Securities Law, and constituted a violation of Article 192 of the Securities Law, which pertains to manipulating the securities market.


















