The first-generation "young stock market genius," Hsiao Han-sen, was released on bail of NT$15 million with three restrictions on his investment activities. Lawyer Li Yu-sheng explains the elements and criminal liability of the crime of stock manipulation under the Securities and Exchange Act.

First-generation "young stock market genius" Hsiao Han-sen, implicated in stock speculation, released on bail of NT$15 million with three restrictions imposed | Mirror News reporter Kung Pin-rou

News link:https://youtu.be/AdG7YRUczBw?si=PIy9lAeP3cF7jODV

Hsiao Han-sen, known as Taiwan's first-generation teenage stock market genius, was accused of illegally manipulating the stock prices of seven listed companies. He was released on bail of NT$15 million and restricted from leaving the country and from residing abroad.

According to lawyer Li Yusheng of Fidelity Law Firm, the suspect in this case intended to influence the value of stock trading by artificially interfering, which constitutes the crime of manipulating stock prices under the Securities and Exchange Act. The most serious penalty is 10 years imprisonment and a maximum fine of NT$200 million. The court has currently set bail at NT$15 million, but considering that he may have obtained more than NT$40 million in illegal profits, the bail amount may still be slightly too low.

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