The Supreme People’s Procuratorate and the Ministry of Public Security of the Securities Regulatory Commission launched a special law enforcement action to crack down on securities violations and crimes in accordance with the law

In recent days, the Supreme People’s Procuratorate, together with the Securities Regulatory Commission and the Ministry of Public Security, launched a special law enforcement action against securities violations and crimes, focusing on investigating and handling 19 major typical cases. At present, relevant investigations, investigations, review and prosecution work have been fully launched, and important breakthroughs have been made in some key cases.

According to reports, in order to implement the “Opinions on Strictly Cracking Down on Illegal Securities Activities in accordance with the Law” issued by the Central Office and the State Council, the Supreme People’s Procuratorate established a prosecutor’s office in the China Securities Regulatory Commission. Carrying out this special joint law enforcement action is an important measure for the procuratorial office stationed in the conference to strengthen the coordination of administrative law enforcement and criminal justice, and it reflects the determination and strength of the procuratorial agency to crack down on securities violations and crimes in accordance with the law.

It is understood that among the 19 major typical cases deployed this time, the procuratorial organs are handling 7 cases, including 2 cases of financial fraud and 5 cases of manipulation of the securities market. The crimes in the above cases are serious and have significant market impact. Some of the listed companies involved in the case and their executives used methods such as inflated transactions, inflated operating income and profits to falsify financial affairs, and disclosed or did not disclose important information in violation of regulations; in some cases, the suspects used centralized methods. Capital advantage, information advantage, shareholding advantage, using multiple methods such as continuous trading, self-purchase, self-purchase, reverse pull and other methods to manipulate the securities and futures markets, seriously harm the interests of listed companies and investors, seriously affect the order of the capital market, and endanger the finances Stability and economic security must be severely cracked down in accordance with the law. (Reporter Zhang Jing)