3.15, who will compensate investors for their losses from buying Guojin Securities?

On March 15th every year, who will compensate for the investment losses caused by China International Finance Securities’ own farce?

Not only CCTV is taking action, but also all sectors of the capital market are taking action to protect the interests of investors. Xu Liangping, Director of the Investment Education Center of the Shenzhen Stock Exchange, said in his speech that the Shenzhen Stock Exchange is implementing the new Securities Law and steadily advancing registration Reform the system, improve the normalized delisting mechanism, adhere to the "two-wheel drive" of information disclosure supervision and corporate governance supervision, severely punish all types of market chaos and illegal activities, and effectively safeguard the rights and interests of investors. However, on 3.15, for the investment in Chaojin Securities It's a very sad day for readers.

On March 12, the media quoted sources as saying that JD.com was negotiating to acquire part or all of the equity of China National Financial Securities Co., Ltd., with a value of up to US$1.5 billion. This is huge news that has caused a stir in the securities market. The stock price of Jinjin Securities went straight to the daily limit, and quickly rose from a drop of nearly 2% to the daily limit. However, the joy of investors did not last long. The company announced that the company has noticed media reports that JD.com is acquiring part or all of the company's equity. Negotiated, worth up to $1.5 billion. The company has confirmed to the actual controller and controlling shareholders that as of the date of this announcement, the company’s actual controller, controlling shareholders and persons acting in concert have not had any contact or discussion with JD.com regarding the sale of part or all of the company’s equity, and have not planned any Matters related to equity transfer; the company does not have any undisclosed information that should be disclosed.

Investors who bought at the daily limit lost about 1.5%. However, due to the implementation of the T+1 trading mechanism, investors cannot correct their mistakes when they believe the news. They can only watch the stock price fall. Even if they expect the stock price to fall sharply on Monday, they cannot choose to sell and can only suffer. This is a complete meal with the lights off.

On Monday, Guojin Securities opened lower at 13.1 yuan, down 6.4%. If investors do not stop losses in time, losses may be further magnified. As of the close, Guojin Securities fell 9.43%. After two trading days, Losing more than 10%. Investing in stocks is a high-risk market, and it is normal to make losses. However, investors of China International Finance Securities chased the high price and bought, which has nothing to do with media reports. There was no media report that JD.com took over the equity of China National Finance Securities, so investors would not The investment losses were closely related to the media reports that JD.com had taken over the shares of Guojin Securities. Now this is false news. Investors need legal relief. If there is no legal relief, , losses are taken advantage of.

The new Securities Law has been officially implemented on March 1, 2020. Article 56 of the Securities Law stipulates that any unit or individual is prohibited from fabricating and disseminating false or misleading information to disrupt the securities market. Anyone who fabricates or disseminates false or misleading information, disrupts the securities market, and causes losses to investors shall be liable for compensation in accordance with the law. According to the securities law, whoever spreads false or misleading information, disrupts the securities market, and causes losses to investors should bear liability for compensation. As far as China International Finance Securities Co., Ltd. is concerned, the media quoted sources, so the media is the disseminator and publisher of false information and should bear the compensation losses of investors. The initiator is the source and should bear joint and several liability for compensation.

A-shares do not lack stock price changes caused by oolong news, but so far there is no precedent for compensation for losses caused by oolong news to investors. This is because the law lacks a detailed judicial interpretation. , there is a lack of quantifiable standards for how to calculate the amount of compensation. In addition, it is difficult to determine who is the subject of compensation. For example, whether the subject of compensation for Guojin Securities is the media that reported the oolong news, the source or the media that reproduced it, it may be legally required Further refinement.

A person from a law enforcement agency has a very meaningful saying: "If law enforcement and justice for the people are just words, written on paper, and hung on the wall, fairness and justice are just slogans and slogans, and the law The temperature will be very low, and the people's hearts will be far away from us.

"It can be borrowed from the capital market. Every head of the China Securities Regulatory Commission has emphasized protecting the interests of investors, and many departments of the China Securities Regulatory Commission have also emphasized protecting the interests of investors. However, the actual actions to protect the interests of investors have not been implemented in place. Some of them are just words, written on paper, and stay in legal documents. Many are just slogans and lack operability. Therefore, there is a saying in the market that the more investors protect themselves, the more the stock market will fall, although it does not sound very good. , and also tells a certain truth.

Regarding the ostracism of China International Finance Securities, the relevant parties can take action and use administrative power to force the relevant media to make compensation.