The most shocking thing to the market at the end of the year 2020 Taiwan stocks is the investigation of the Labor and Financial Bureau speculation case, so far, in addition to the Labor and Financial Bureau of domestic investment team leader You Naiwen, also involved in Baojia Group and Fuhua, unified two major investment trust. Recently, the market even rumors, to do the end of the fear of shaking the national capital, because tens of billions of commission refunds are missing.
The government really wants to dig out the deepest and most complicated inside information of the whole case, then, the investigation and handling of other labor refunds on behalf of the investment letter, the order of securities dealers, key people, speculation on the subject, is to observe the determination and progress of the case of the four indicators.
There are other proxy investment letter involved in the case? The incident began, the securities circle named possible investment letter, there are mainly two versions, cross-merged, resulting in four investment letter may be involved in the case conclusion. Coincidentally, this conclusion just happened to hit the two investment trusts that have been investigated, Fuhua and Unity.
The company’s investment letter has four cases of stock speculation? Although it is market speculation. However, in recent years, when bidding and selecting investment trusts for labor funds, some of the investment trusts with “sharp operating style” and repeatedly rumored to be “operating noise”, and even those with solid operating performance but not the top ones, have been included in the list of winning bids every time.
The senior management of the investment trust circle pointed out that, observing the current investigation level of the prosecution, from the entire decision-making level of the operation, at most only the “middle”, or even say it is not too much, whether there are actual decision makers involved, can be observed.
The current speculative targets locked by the prosecution, only far hundred a file on the table, it is understood that the manipulator “eat good tease for reward” of individual stocks, more than ten files. But whether the prosecution will continue to investigate, whether the future may have no listed cabinet company executives involved? These are the questions that the market is curious about.
The current level of investigation is still focused on the labor fund outsourcing part, but it should be noted that it is now widely rumored that the general stock-based public fund managers, who happen to be “very close” to the people involved in this case.
The stock trading has to have a “broker” to place the order. Many market participants pointed out that when the labor fund released the information of the funds on behalf of the public, there are “brokers” who go to the investment letter to pull business, and those who are “willing to cooperate” with the investment letter have a high chance of winning the bid. The so-called “willing to cooperate”, the industry explained, that is, to cooperate in a specific brokerage firm to place orders, to improve its turnover rate, or even to place orders to the designated salesman.
According to the current rules, on the table, the labor fund’s commission refund is “1 refund 8”, that is, every order of 100 million yuan can be refunded 80,000 yuan, but the super account can actually enjoy the “1 refund 12” treatment, it can be seen that the middle should be 40,000 yuan of the commission refund, I do not know where it has been moved to.
A few years ago, there are industry estimates, if the size of the funds commissioned by the labor fund, and a monthly turnover rate of one to two shares to calculate, the annual “earnings” under the table, there are up to ten billion yuan level. Where does this money go? It is the most important thing that the prosecution should figure out.
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