Yu Han manipulated the securities market and was fined a total of approximately 1.023 billion yuan by the China Securities Regulatory Commission.
The China Securities Regulatory Commission (CSRC) issued an administrative penalty decision, determining that Yu Han's manipulation of the securities market behavior was established. From June 3, 2019 to August 15, 2024, Yu Han controlled and used 67 securities accounts, used financial and shareholding advantages, manipulated the price and trading volume of "Doctor Glasses" stocks through continuous buying and selling, and matched trading, disrupting the order of the securities market. It was found that Yu Han's illegal gains were 511 million yuan. In accordance with the relevant provisions of the Securities Law, the CSRC decided to confiscate Yu Han's illegal gains of 511 million yuan, impose a fine of 511 million yuan, and a total penalty amount of 1.023 billion yuan. At the same time, Yu Han was banned from the securities market for 3 years.
Latest

