"You can't abandon your shares when you win the lottery", and some brokers make mandatory demands on customers. What do you think of this?

"You can't abandon your shares when you win the lottery", and some brokers make mandatory demands on customers. What do you think of this? Let's discuss this problem below, hoping that these contents can help friends in need.

Times have changed, and the stock is no longer winning or losing when it is new, and investors are gradually paying attention to the right to give up buying at the last minute. The breaking of new shares in the A-share market is nothing new, and investors often abandon their purchases after winning the lottery. On April 14, a short message widely circulated on the Internet showed that a brokerage company sent a message to a customer saying, "If you have won the lottery for listing new shares and your account is full, the securities company will freeze the funds according to state regulations and cannot give up the shares." The spread of the above screen shots has once again aroused the discussion in the sales market about whether the stock subscription can be abandoned after winning the lottery.

For this matter, Caitong Securities responded to the China News Service reporter as an exclusive agent. This short message is a risk analysis short message pushed by a business department to customers (only for customers of this business department), and its influence is limited. The key foothold is to do a good job of risk analysis before subscribing for shares from customers to prevent capital loss. The wording and description of some contents in the short message are not detailed enough, and will be explained to customers later. At the same time, while doing a good job in investor culture education, we will further strengthen internal control management.

The focus of this objection lies in whether investors can preserve the right to give up the subscription at the last minute, rather than the securities firm freezing funds for customers in the name of "maintenance" in advance. The reporter learned about the different practices of the industry from several brokers, expecting to give you some enlightenment.

On April 14, a customer received a short message from Caitong Securities, which read: "Dear customers, it is the responsibility of every investor to pay money in IPO. If the new shares have been listed by lottery and the account funds are full, the securities company will freeze the funds in accordance with state regulations and cannot give up the shares. I would like to remind many investors' good friends that they must distinguish their hidden dangers before stock subscription, whether they are in line with their own project investment values, and subscribe carefully to prevent their property from being damaged. "

Caitong Securities said that after investigation, the message was a risk analysis message pushed to customers by a business department of the company (only for customers of the business department), and its influence was relatively limited. The key foothold of the business department is to do a good job of risk analysis, distinguish the risks, subscribe carefully and prevent its own funds from being damaged before subscribing for shares from customers.

According to the detailed introduction of Caitong Securities, in order to better remind investors to pay the money immediately, and to better convey to the trading center the responsibility of the relevant investors for the delivery of funds after winning the lottery, the business department has compiled relevant group text messages to customers. The institutional requirements involved in the relevant information include: after winning the lottery, investors should fulfill their responsibility for capital delivery according to the results of winning the lottery. If the subscription funds are insufficient, the investors shall bear the adverse effects and legal basis themselves.

After obtaining the rights issue of new shares, convertible corporate bonds and exchangeable corporate bonds, offline and online investors shall pay the subscription funds in full and on time. If online investors fail to pay in full after winning lots for three consecutive times within 12 months, they cannot participate in the listing of new shares, convertible corporate bonds and subscription of convertible corporate bonds within 6 months.

In addition, Caitong Securities also admitted that the wording and description of some contents in the short message were not detailed. He also said that he would explain to customers, do a good job in investor education, safeguard the legitimate interests of investors, and further strengthen internal control management. It must be noted that this incident often causes strong repercussions on the Internet. The key point is that this incident has touched the legitimate rights and interests of a large number of investors-can brokers freeze funds for investors in advance to ensure the success of subscription deduction? Can investors choose whether to give up buying at the last minute?

According to the newspaper, the release date of the winning results of the IPO is the third day of subscription (T+2), and Caitong Securities will freeze the client's funds at night earlier than the second day of subscription (T+ 1, the release date of the stock subscription number). If the customer's account still has funds (whether full or not) before this time, it will be frozen and cannot be unfrozen.

On April 1 1 day, China, a brokerage firm, also released the report "Disaster Caused by the Breaking of New Shares"! Investors demanded to lose money. What happened? Is it reasonable for brokers to abandon their purchases after winning the lottery and freeze funds in advance? ",explore whether brokers can freeze customers' funds early. China news reporter, a brokerage firm, learned that when IPO shares were newly launched in the past, it can be said that they would not lose money. However, many investors often miss the lucky draw because they are careless and fail to deduct the expenses immediately after winning the prize. Therefore, securities companies have released the service of "freezing funds in advance" to help customers lock in their stocks before making new profits.

As we all know, the problem is that with the further socialization of IPO, there are more and more cases of IPO breaking. On the contrary, many investors failed to give up buying because of freezing funds prematurely, thus suffering losses. Time has passed, and the warm-hearted early freezing service has also changed from "Little Fat Girl" to "Mrs. Niu". Some brokers will pop up the winning notice letter of frozen funds when listing new shares in the APP. It is mentioned that after this function is turned on, for example, playing new shares on T day, the brokers will pay the winning investors on T+ 1 that night until T+2. If the investor has other uses for the frozen cleaning funds on the payment date (T+2), he can release the frozen cleaning funds before 15:30 that day. This function is effective for a long time after being turned on, and can also be turned off anytime and anywhere.

Some brokers also indicated that they would freeze funds before the opening of new houses on the day of IPO (T+2), instead of T+ 1 that night. Investors must transfer the full amount of funds on the same day 16, and automatically deduct the money after settlement in the evening.

Some brokers also said that if investors expect to lock the shares in advance to make new profits, they can also lock the winning funds in advance according to the mobile app or computer program before the day of IPO listing (T+2) 16 to ensure that the system will deduct fees in the future. However, after the lottery funds are locked, they cannot be unlocked and can only be used to pay for the listing of new shares.

However, no matter what the actual operation is, an unavoidable problem is that the early freezing of capital services is no longer a warmly welcomed role, and securities companies seem to have not realized that the market demand of investors has changed dramatically. In the new market environment, it is still a long-term training for brokers how to inform and teach well and how to ensure the autonomy of customers.