Sentencing standard of the crime of manipulating the securities market

The crime of manipulating the securities market refers to the crime of manipulating the securities and futures markets, and refers to obtaining

For the purpose of seeking illegitimate interests or transferring risks, concentrate capital advantages, hold shares or positions or use information advantages to jointly or continuously buy and sell securities and futures, buy and sell futures contracts on their own, manipulate the trading volume and price of securities and futures markets, create false appearances of securities and futures markets, induce or cause investors to make securities investment decisions without knowing the truth, and disrupt the order of securities and futures markets. 1. Alone or in collusion, concentrate capital advantages, hold shares or positions, or use information advantages to jointly or continuously buy and sell; (2) colluding with others to trade securities and futures with each other at the time, price and method agreed in advance; 3. Buying and selling securities between accounts actually controlled by them, or buying and selling futures contracts by themselves; 4. Frequent or large-scale declaration of buying and selling securities and futures contracts for the purpose of closing positions and cancellation of declaration; 5. Using false or uncertain material information to induce investors to trade securities and futures; 6. Make comments, predictions or investment suggestions on the disclosure of securities, securities issuers and futures trading targets, and conduct reverse securities trading or related futures trading at the same time; 7. Manipulate the securities and futures markets by other means. Generally sentenced to fixed-term imprisonment of not more than five years or criminal detention, with or without a fine; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and shall also be fined.