Home / stock market / financemagnates declare : China’s Regulator Levies Hefty Fines for Stock Market Manipulation

financemagnates declare : China’s Regulator Levies Hefty Fines for Stock Market Manipulation

collected by :Dicson Walt

as informed in

The cases involved different types of market manipulation, including suspected violations on information disclosure and stock manipulation.
Tang Hanbo, who has been punished for illegal trading twice before, was fined for what China’s Securities and Regulatory Commission on Monday called market manipulation.
The government has cracked down on securities violations following the crash of the Chinese stock market last year, probing fund managers, brokers and even reporters.
He was also hit with CNY 925 million ($133.8 million) in fines and disgorgement over domestic trades carried out from December 2014 to April 2015.
Specifically, Tang was ordered to pay CNY 251 million ($36.3 million) for allegedly using the link between the Shanghai and Hong Kong exchanges to manipulate a Shanghai-listed stock.

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Four days after Republicans raised the debt ceiling, the US credit downgrade happened, and the stock market plunged.
I predicted the downgrade would happen in late July/August, even if Republicans raised the debt ceiling, and the stock market would crash immediately.
I don’t think everything comes crashing down in March, but this week likely marks the start of major failure.
Last Wednesday’s fall in crude oil prices was the steepest in a year at 5% in one day.
So, my predictions about oil prices have gone very wrong, and I won’t venture another.

Will Mid-March Madness Maul the Stock Market in 2017?*/

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Stock Market News for March 13, 2017

Click to get this free reportSempra Energy (SRE): Free Stock Analysis ReportNextEra Energy, Inc. (NEE): Free Stock Analysis ReportAutomatic Data Processing, Inc. (ADP): Free Stock Analysis ReportBaker Hughes Incorporated (BHI): Free Stock Analysis ReportExxon Mobil Corporation (XOM): Free Stock Analysis ReportENI S.p.A. (E): Free Stock Analysis ReportMarathon Oil Corporation (MRO): Free Stock Analysis ReportTo read this article on Zacks.com click here.
Some of its key holdings including Sempra Energy (SRE) and NextEra Energy, Inc. ( NEE) rose 1.3% and 1%, respectively.
Sempra Energy possess a Zacks Rank #3 (Hold) and NextEra Energy hold a Zacks Rank #2 (Buy).
While the Dow snapped its fourth-straight week of gains, the S&P 500 and Nasdaq broke their six-consecutive week of rise.
For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street article.

Stock Market News for March 13, 2017*/

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