Li Ming, Vice Chairman of the China Securities Regulatory Commission: Continuously strengthen the crackdown on financial fraud and market manipulation

GoldenOctober2024

2025-02-21 07:33:45

Abstract generation in progress

On February 21, Jinshi Data News, Li Ming, Vice Chairman of the China Securities Regulatory Commission, stated at a press conference that the Commission continues to strengthen crackdown on the most concerning, most abhorrent, and ‘most intolerable’ illegal activities for investors such as fraudulent issuances, financial fraud, violations of reduction holdings, and market manipulation. In 2024, there were 135 cases of illegal information disclosure including financial fraud, accounting for the highest proportion among various types of cases, with a rise of 17% compared to the previous year; 42 cases of market manipulation were punished, with an average slashing amount of approximately 120 million yuan, ranking first in the amount of slashing among various types of cases. The guidance cases released this time, half of them were financial fraud cases, and a quarter were market manipulation cases. In the future, the crackdown on these two types of violations will continue to intensify.

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Shawang

· 02-21 07:38

#PI# Haha?! Pi coin started trading in the afternoon, at a price close to 3u, which really amazed me! However, what shocked me even more was that after searching through the data pages of other exchanges and scouring through Twitter, I found that Pi coin doesn't have a contract Address! No holding rankings! The so-called Mainnet is also non-existent... There is simply no Mainnet or entrance! So, this is basically a collaboration between the project party and those third-rate exchanges to play suckers with a Shitcoin, such a "true Shitcoin" with a peak Fully Diluted Valuation (FDV) reaching three trillion, and an astonishing actual circulating Market Cap of over two hundred billion. Since the opening, despite experiencing intense dumping, it still maintains a FDV of over eight hundred billion and an actual circulating Market Cap of over sixty billion! Then I see many dumb buyers in Gate.io's dynamic market asking, "Who is actually dumping?" In fact, what I really want to know is, who is actually dumb buying? 😂😂 It's truly unbelievable that people are spending real money to dumb buy such blatant garbage. The crypto world, oh the crypto world, this is the most authentic crypto world, where the craziest scammers meet the craziest suckers, staging the craziest money-grabbing drama. 😂😂

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GoldenOctober2024

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