According to SSC inspection and police's verification results, Ms. Thuy from Hanoi manipulated stocks of Spilit Rock Joint Stock Company (SPI) and violated the Securities Law and relevant decrees.
Specifically, she opened a stock account and had 15 individuals open 28 others at four securities companies from September 1, 2015 to May 13, 2016.
These 29 accounts continued trading, created false supply and demand to manipulate SPI shares.
Because there are no enough grounds to prosecute, SCC made the decision to penalize her VND600 million and forced her to refund nearly VND9.3 billion of illegal profit taken from the stock manipulation.
