{"id":8987,"date":"2026-01-24T14:45:40","date_gmt":"2026-01-24T06:45:40","guid":{"rendered":"https:\/\/fdlaw.com.tw\/?p=8987"},"modified":"2026-07-07T03:28:24","modified_gmt":"2026-07-06T19:28:24","slug":"stock-manipulation","status":"publish","type":"post","link":"https:\/\/fdlaw.com.tw\/en\/blog\/stock-manipulation\/","title":{"rendered":"The first-generation &quot;young stock market genius,&quot; 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."},"content":{"rendered":"<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The first-generation &quot;young stock market genius&quot; Hsiao Han-sen was released on bail of NT$15 million and placed under three restrictions for stock speculation | # Mirror News\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/AdG7YRUczBw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n\n\n<style id=\"fdlaw-blog-polish-style-stock-manipulation-20260706\">\nbody.postid-8987 .entry-content{--fdlaw-ink:#27313b;--fdlaw-muted:#5f6d7a;--fdlaw-blue:#1f5f8b;--fdlaw-line:#d9e5ee;}\nbody.postid-8987 .entry-content p{line-height:1.9;color:var(--fdlaw-ink);font-size:17px;margin-bottom:1.15em;}\nbody.postid-8987 .entry-content h2.wp-block-heading{margin-top:2.15em;margin-bottom:.75em;padding:0 0 .45em .75em;border-left:5px solid #1f5f8b;border-bottom:1px solid #d9e5ee;color:#17384f;font-size:1.55em;line-height:1.35;}\nbody.postid-8987 .entry-content h3.wp-block-heading{margin-top:1.6em;margin-bottom:.65em;color:#24485f;font-size:1.18em;line-height:1.45;}\nbody.postid-8987 .entry-content a{color:#1f5f8b;text-decoration-thickness:1px;text-underline-offset:3px;font-weight:600;}\nbody.postid-8987 .fdlaw-summary-card,body.postid-8987 .fdlaw-faq-block{margin:1.6em 0 2.1em;padding:1.35em 1.45em;border:1px solid #d9e5ee;border-left:5px solid #1f5f8b;border-radius:8px;background:#f7fbff;box-shadow:0 8px 22px rgba(30,78,112,.08);}\nbody.postid-8987 .fdlaw-summary-card h2,body.postid-8987 .fdlaw-faq-block h2{margin:0 0 .75em;padding:0;border:0;color:#17384f;font-size:1.32em;line-height:1.35;}\nbody.postid-8987 .fdlaw-summary-card ul{margin:.2em 0 0 1.2em;padding:0;}\nbody.postid-8987 .fdlaw-summary-card li{margin:.55em 0;line-height:1.75;color:#31404c;font-size:16.5px;}\nbody.postid-8987 .fdlaw-summary-card strong,body.postid-8987 .fdlaw-faq-block strong{color:#163f5d;}\nbody.postid-8987 .fdlaw-faq-block h3{margin:1em 0 .35em;color:#24485f;font-size:1.08em;line-height:1.45;}\nbody.postid-8987 .fdlaw-faq-block p{background:#fff;border:1px solid #e3ebf2;border-radius:6px;padding:1em 1.1em;margin:.35em 0 1em;}\nbody.postid-8987 .entry-content h3.wp-block-heading + p{background:#fbfdff;border:1px solid #e3ebf2;border-radius:6px;padding:1em 1.1em;}\nbody.postid-8987 .entry-content p:has(a[href*=\"line.me\"]),body.postid-8987 .entry-content p:has(a[href^=\"tel:\"]){background:#fff8ec;border:1px solid #f0d8ae;border-radius:8px;padding:1em 1.15em;font-weight:600;}\n@media (max-width:768px){body.postid-8987 .entry-content p{font-size:16px;}body.postid-8987 .entry-content h2.wp-block-heading{font-size:1.35em;}body.postid-8987 .fdlaw-summary-card,body.postid-8987 .fdlaw-faq-block{padding:1.15em 1.05em;}}\n<\/style>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><br><strong>First-generation &quot;young stock market genius&quot; Hsiao Han-sen, implicated in stock speculation, released on bail of NT$15 million with three restrictions imposed | Mirror News reporter Kung Pin-rou<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">News link:<a href=\"https:\/\/youtu.be\/AdG7YRUczBw?si=PIy9lAeP3cF7jODV\" target=\"_blank\" rel=\"noopener\">https:\/\/youtu.be\/AdG7YRUczBw?si=PIy9lAeP3cF7jODV<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Hsiao Han-sen, known as Taiwan&#039;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.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">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.<\/p>\n\n\n\n<style>\n\/* \u5bb9\u5668\u8a2d\u5b9a\uff1aRWD \u97ff\u61c9\u5f0f\u6392\u7248 *\/\n.fd-cta-container {\n    display: flex;\n    justify-content: center; \/* \u5c45\u4e2d\u5c0d\u9f4a *\/\n    gap: 20px; \/* \u6309\u9215\u4e4b\u9593\u7684\u9593\u8ddd *\/\n    flex-wrap: wrap; \/* \u624b\u6a5f\u7248\u81ea\u52d5\u63db\u884c *\/\n    margin: 30px 0; \/* \u4e0a\u4e0b\u7559\u767d *\/\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, sans-serif;\n}\n\n\/* \u6309\u9215\u5171\u7528\u57fa\u5e95\u6a23\u5f0f *\/\n.fd-btn {\n    display: inline-flex;\n    align-items: center;\n    justify-content: center;\n    padding: 12px 32px;\n    font-size: 16px;\n    font-weight: 600;\n    text-decoration: none !important; \/* \u79fb\u9664\u5e95\u7dda *\/\n    border-radius: 50px; \/* \u5713\u89d2\u81a0\u56ca\u9020\u578b *\/\n    transition: all 0.3s ease; \/* \u5e73\u6ed1\u904e\u6e21\u6548\u679c *\/\n    letter-spacing: 1px; \/* \u5b57\u8ddd\u5fae\u8abf *\/\n    box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1); \/* \u7cbe\u7dfb\u9670\u5f71 *\/\n    line-height: 1.2;\n    cursor: pointer;\n    position: relative;\n    top: 0;\n}\n\n\/* \u6309\u9215\u61f8\u6d6e (Hover) \u5171\u540c\u6548\u679c *\/\n.fd-btn:hover {\n    transform: translateY(-3px); \/* \u5411\u4e0a\u6d6e\u8d77 *\/\n    box-shadow: 0 8px 20px rgba(0, 0, 0, 0.15); \/* \u52a0\u6df1\u9670\u5f71 *\/\n}\n\n\/* 1. \u96fb\u8a71\u6309\u9215\u98a8\u683c (\u6df1\u85cd\u8272\u5be6\u5fc3 - \u53f3\u5074) *\/\n.fd-btn-phone {\n    background: linear-gradient(135deg, #0f2b5c 0%, #1e3a8a 100%); \/* \u6df1\u85cd\u6f38\u5c64 *\/\n    color: #ffffff !important;\n    border: 2px solid transparent; \/* \u9810\u7559\u908a\u6846\u7a7a\u9593 *\/\n}\n\n.fd-btn-phone:hover {\n    background: linear-gradient(135deg, #163673 0%, #26469e 100%);\n    color: #ffffff !important;\n}\n\n\/* 2. 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If there is a possibility of criminal liability, it is recommended to consult a lawyer before being questioned.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">When should you hire a lawyer in a criminal case?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the case involves search, arrest, detention, serious crimes, liability of company executives, or substantial damages, it is advisable to consult a lawyer as early as possible.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What can a criminal lawyer assist with?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It can assist with accompanying suspects during interrogations, reviewing case files, applying for bail, defending suspects in detention courts, negotiating settlements, investigating evidence, and conducting arguments and defenses during court trials.<\/p>\n<\/div>\n\n\n\n<script id=\"fdlaw-generated-faq-schema-stock-manipulation-20260706\" type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"\u6536\u5230\u5211\u4e8b\u50b3\u7968\u6216\u88ab\u8b66\u65b9\u901a\u77e5\u8981\u600e\u9ebc\u8fa6\uff1f\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\u61c9\u5148\u78ba\u8a8d\u8eab\u5206\u662f\u88ab\u544a\u3001\u72af\u7f6a\u5acc\u7591\u4eba\u6216\u8b49\u4eba\uff0c\u4e26\u6574\u7406\u76f8\u95dc\u8cc7\u6599\u3002\u82e5\u53ef\u80fd\u6d89\u53ca\u5211\u8cac\uff0c\u5efa\u8b70\u5148\u8aee\u8a62\u5f8b\u5e2b\u518d\u63a5\u53d7\u8a62\u554f\u3002\"}},{\"@type\":\"Question\",\"name\":\"\u5211\u4e8b\u6848\u4ef6\u4ec0\u9ebc\u6642\u5019\u9700\u8981\u627e\u5f8b\u5e2b\uff1f\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\u82e5\u6d89\u53ca\u641c\u7d22\u3001\u902e\u6355\u3001\u7f88\u62bc\u3001\u91cd\u5927\u7f6a\u540d\u3001\u516c\u53f8\u8ca0\u8cac\u4eba\u8cac\u4efb\u6216\u9ad8\u984d\u640d\u5bb3\uff0c\u5efa\u8b70\u8d8a\u65e9\u627e\u5f8b\u5e2b\u8d8a\u597d\u3002\"}},{\"@type\":\"Question\",\"name\":\"\u5211\u4e8b\u5f8b\u5e2b\u53ef\u4ee5\u5354\u52a9\u54ea\u4e9b\u4e8b\u9805\uff1f\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\u53ef\u5354\u52a9\u5075\u8a0a\u966a\u540c\u3001\u95b1\u5377\u3001\u8072\u8acb\u4ea4\u4fdd\u3001\u7f88\u62bc\u5ead\u8faf\u8b77\u3001\u548c\u89e3\u8ac7\u5224\u3001\u8b49\u64da\u8abf\u67e5\u53ca\u6cd5\u9662\u5be9\u5224\u653b\u9632\u3002\"}}]}<\/script>","protected":false},"excerpt":{"rendered":"<p>First-generation &quot;teenage stock market genius&quot; Hsiao Han-sen released on bail of NT$15 million with three restrictions imposed for stock speculation | Mirror News reporter Kung Pin-rou News link: https:\/\/yout [\u2026<\/p>","protected":false},"author":1,"featured_media":8991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[119,69],"tags":[545,50],"class_list":["post-8987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-legal-counsel","tag-545","tag-50"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"qubely_featured_image_url":{"full":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927.jpg",1579,875,false],"landscape":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-1200x750.jpg",1200,750,true],"portraits":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-540x320.jpg",540,320,true],"thumbnail":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-150x150.jpg",150,150,true],"medium":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-300x166.jpg",300,166,true],"medium_large":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-768x426.jpg",768,426,true],"large":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-1024x567.jpg",1024,567,true],"1536x1536":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-1536x851.jpg",1536,851,true],"2048x2048":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927.jpg",1579,875,false],"trp-custom-language-flag":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-18x10.jpg",18,10,true],"qubely_landscape":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-1200x750.jpg",1200,750,true],"qubely_portrait":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-540x320.jpg",540,320,true],"qubely_thumbnail":["https:\/\/fdlaw.com.tw\/wp-content\/uploads\/2026\/01\/S__4603927-140x100.jpg",140,100,true]},"qubely_author":{"display_name":"\u53f0\u5317\u5f8b\u5e2b\u63a8\u85a6","author_link":"https:\/\/fdlaw.com.tw\/en\/author\/admin\/"},"qubely_comment":1,"qubely_category":"<a href=\"https:\/\/fdlaw.com.tw\/en\/blog\/category\/news\/\" rel=\"category tag\">\u5a92\u9ad4\u5831\u5c0e<\/a> <a href=\"https:\/\/fdlaw.com.tw\/en\/blog\/category\/legal-counsel\/\" rel=\"category tag\">\u516c\u53f8\u6cd5\u5f8b\u9867\u554f<\/a>","qubely_excerpt":"\u7b2c\u4e00\u4ee3\u300c\u5c11\u5e74\u80a1\u795e\u300d\u6d89\u7092\u80a1\u3000\u856d\u6f22\u68ee1500\u842c\u4ea4\u4fdd+\u4e09\u9650\u2502\u93e1\u65b0\u805e \u8a18\u8005 \u9f94\u54c1\u67d4 \u65b0\u805e\u9023\u7d50\uff1ahttps:\/\/yout&hellip;","_links":{"self":[{"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/posts\/8987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/comments?post=8987"}],"version-history":[{"count":3,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/posts\/8987\/revisions"}],"predecessor-version":[{"id":10081,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/posts\/8987\/revisions\/10081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/media\/8991"}],"wp:attachment":[{"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/media?parent=8987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/categories?post=8987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdlaw.com.tw\/en\/wp-json\/wp\/v2\/tags?post=8987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}