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Update news stock manipulation
According to the Ministry of Public Security (MPS), 685 securities investors have made claims for damages that they incurred when trading six FLC-family stocks related to the case of Trinh Van Quyet, who has been found manipulating the stock market.
CEO Nguyen Do Lang and Board Chairman Pham Duy Hung of Asia-Pacific Securities Joint Stock Company (APEC Securities) have been detained on charges of stock market manipulation.
The Vietnamese stock market in 2022 witnessed a series of shocking events. Stock manipulation was one.
Pham Thanh Tung, board chairman of Tri Viet Securities Joint Stock Corporation, has been accused of manipulating the prices of two stocks, BII and TGG, on the local stock market.
The investigation agency determined that Do Thanh Nhan used stock accounts to buy and sell to increase liquidity and inflate BII and TGG share prices.
The cash flow into stocks of big companies is being strictly supervised.
The Ha Noi People’s Court yesterday re-opened a trial involving 15 people who were charged with the falsification of stock trading documents, stock price manipulation and fraudulent asset transfers.