She once made a movie with Brigitte Lin! The chairman of Chengchuang was sued for stock speculation! Legal explanation of the Securities Exchange Act and the crime of stock price manipulation

Once made a movie with Brigitte Lin! Cheng Chuang's director was prosecuted for stock trading. Reported by reporter Zheng Huiliang and Wang Shikai/Taipei City China Television News

China Television News: https://news.cts.com.tw/cts/general/202301/202301042128344.html

QIMO News:https://www.nexttv.com.tw/NextTV/News/Home/Society/2022-12-22/1007614.html

"Ma Yongling", the younger brother of Yuanta founder Ma Chi-ling, entered the entertainment industry in her early years and performed in Qiong Yao movies with actress Brigitte Lin. Later, she joined the technology industry and became the director of Chengchuang Technology. Unexpectedly, she was suspected of collaborating with stock market speculators to hype her own company. The Taipei District Prosecutor's Office yesterday (3rd) indicted Ma Yongling and other nine people for violating the Securities and Exchange Act and manipulating stock prices, and made arbitrage profits of more than 400 million yuan. It also requested the court to confiscate the illegal gains of more than 400 million yuan.

Ma Yongling, the younger brother of Yuanta founder Ma Chiling, joined the technology industry and became a technology director. Unexpectedly, he was suspected of working with stock market speculators to speculate on his company's stock price and was prosecuted. According to the prosecutor's investigation, Chengchuang Technology Chairman Ma Yongling , in 2016, in order to develop new products, there was a need for funds, but because Chengchuang's stock price had been sluggish for a long time, it joined forces with Xu Guoliang, the former vice president of Yuanta Securities, to speculate and provided 97.16 million to Xu Guoliang, starting from 12.2 yuan to boost Chengchuang's stock price. In the process, they continued to create the illusion of active trading, and finally pushed the stock price to the highest point of 27.4 yuan, thereby making an arbitrage profit of more than 400 million yuan.

The company's industries are diversified, and it has even branched into epidemic prevention work and manufactured medical masks. In her early days, Ma Yongling entered the entertainment industry under the stage name "Ma Wing Lin" and starred opposite Brigitte Lin, including well-known movies such as I Am a Cloud, Marigold, and a Red Bean. Now he is suspected of stock trading.

The crime of manipulating stock prices under the Securities and Exchange Act

Lawyer Li Yusheng said: "In one's own name or in the name of others, continuously buying the stock at a high price or selling it at a low price in the market, and causing the price of the stock to be affected, will constitute the crime of stock price manipulation. And because of the crime of stock trading If the amount exceeds 100 million yuan, the maximum penalty is more than 7 years in prison, and a fine of 500 million yuan may also be imposed."

A well-known executive was prosecuted for stock trading, and more than 400 million in criminal proceeds were confiscated. After the news came out, the stock price also fell, severely damaging the brand image.

➖➖➖➖➖➖➖➖

Line：https://line.me/ti/p/@fdlaw
Tel:0277093611
Facebook:https://www.facebook.com/fudalawyer
website:https://fdlaw.com.tw/
e-mail:info@fdlaw.com.tw