深圳证监局联合地方重拳出击，力除非法证券，维护资本市场秩序 Shenzhen securities regulatory bureau joint local reaches out，In addition to force illegal stock，Maintenance capital market order

　　2011年以来，市场行情低迷，一些非法证券机构乘机以“卖软件”、“办股民学校”的方式展开了非法证券业务敛财。不过，在深圳证监局和相关部门的共同努力下，这些所谓的“投资公司”纷纷倒台，避免了更多投资者遭受损失，维护了资本市场稳定。深圳证监局告诫投资者时刻谨记，明辨是非，远离非法证券。

Since 2011，Market downturn，Some illegal securities institutions in flight“Selling software”、“Do people school”On the way to the illegal securities business district。but，In shenzhen securities regulatory authority and the joint efforts of the relevant departments，These so-called“Investment company”Fell in，To avoid the more investors suffer，Maintain the capital market stability。Shenzhen securities regulatory bureau warned investors always remember that，Right from wrong，Away from illegal stock。

　　⊙记者 雷中校 刘伟○编辑 李剑锋

Lieutenant colonel liu wei ○ ⊙ reporter ray LiJianFeng editor

　

　披着羊皮的“股民学校” In sheeps clothing“People school”

　　深圳市罗湖区某城中村，这里因为靠近仙湖，气候显得更加潮湿闷热，因此傍晚居民们多数在狭窄的村道上乘凉。村子里旧楼林立，但依然聚集了大量的租户，因为这里相对偏僻，租金便宜。很少有村民知道，这个村子里的一位收入并不高的孔姓大姐，因为相信华某某投资咨询发展有限公司（以下简称华某某公司）的“老师”，损失17万元。

Shenzhen district a villages，Here because near the lake，Climate appears more humid hot，So the evening residents in the narrow CunDao on most enjoy the cool。The village with old building，But still gathered a lot of tenants，Because here relatively remote，Lower rent。There are few villagers know，The village a income is not high KongXing big sister，Because I believe that China so-and-so investment consulting development Co., LTD（Hereinafter referred to as the China xx company）of“The teacher”，Loss of 170000 yuan。

　　这损失的17万元背后，是近期被端掉的新的非法证券机构。这些机构靠电话和传单吸引来股民，然后对这些股民进行非法证券咨询，最终导致孔大姐这样的受害者遭受损失。

This loss of $170000 behind，Is the new DuanDiao was recently illegal stock institutions。These institutions by phone and leaflets to attract investors，Then on to these people to illegal securities consultation，Eventually lead to hole his elder sister such victims suffer。

　　“知道啊，炒股嘛，以前有人也给我打过电话，但我没什么钱，就没过去听课。”几位在村中纳凉的村民在被问起是否参与过华某某公司的“授课”时谈到，接到该公司让去免费听课的电话，还接过电话甚至承诺多长时间翻倍，但并不知道孔大姐自己去参与了“听课”。

“know，Fry it，Has anyone ever also call，But I don't have the money，Not the past a class。”A few of the village in the shade of the villagers in asked if involved in China of xx company“teaching”spoke，Received from the company let free classes to the phone，Also took the phone even how long commitment, doubled，But did not know his elder sister to participate in the hole“lectures”。

　　而就住在该村口一栋灯光灰暗的楼上的孔大姐，无业在家。2011年初，她在多次接到华某某公司电话邀请后，去听该公司股票讲座。在交了5800元的听课费后，按照该公司“老师”的推荐，孔大姐以每股9.6元的价格买入3万股“宏图高科(600122,股吧)”。实际情况是，就在她按照“老师”的指示买入当天，该股跌停，后一路下挫，至今仍亏损17万元。

And lived in this village one house of the gloomy light upstairs hole big sister，Unemployed at home。In early 2011，She received a number in China (the invitation after phone，Go to the company stock lectures。Made 5800 yuan in a class fee，According to the company“The teacher”recommendation，Hole elder sister to 9.6 yuan a share price to buy 30000 shares“High-tech ambitions(600122,Shares it)”。Actual situation is，Just before she according to“The teacher”Instructions on buying，The stock drop stop，Down all the way after，Still loss 170000 yuan。

　　这些神秘的“老师”来自何方？而这些“老师”们的背后，又是什么样的机构？

These mysterious“The teacher”Where you are from？And these“The teacher”Behind the，What kind of organization？

　　“我们之前经常看见他们的工作人员，以为他们是什么培训机构，我还曾去试听过。”一位在深圳福田区CBD区凤凰大厦工作的金融机构从业人士证实，“我记得去年，经常上班的时候碰见某某投资公司的员工，他们有时穿着很正式的套装，夏天他们穿的白衬衫，身上经常佩戴一条绶带，在楼下迎接来访客户，同时拉拢新客户。”

“We often see them before the workers，Think what they are training institutions，I had to listen。”A in shenzhen futian district CBD area phoenix financial institutions work building business personalities confirmed，“I remember last year，Often work investment company staff met so-and-so，They sometimes was wearing a formal suit，In summer they wear white shirts，Body often wear a ribbon，Downstairs to meet customer visit，At the same time drew new customers。”

　　前述金融人士坦言，“但是从我的观察来看，他们的客户一般好像穿着比较随意，基本上年龄都比较大，很多好像是无业人员。我出于好奇和该投资公司员工的热情邀请，曾经去他们那里试听过，了解到他们主要就是教大家怎么炒股。”

The financial people said，“But from my watch and see，Their customers in general as optional，Basically age are bigger，Many like is unemployed。I'm curious and the investment company employees invitation，Once went to their audition there，To understand the main is teach people how to fry。”

　　事实上，前述金融人士所描绘的这家投资公司，正是一家专门以开办股民学校为名义，进行非法证券活动的公司。而前文所述的孔大姐，遇到的正是和此公司做着同样业务的一家所谓“投资公司”——金某某投资发展有限公司（以下简称金某某公司）。

In fact，The financial people painted the investment company，It is a special to open people school for name，To illegal activities of securities company。And stated above the hole of the elder sister，It is the company meet and do the same a so-called business“Investment company”-gold so-and-so investment development Co., LTD（Hereinafter referred to as the golden xx company）。

　　当记者来到福田区CBD区附近某大厦17C，这里已经是人去楼空，办公区域已经大门紧锁，门缝里塞满了各式各样的推销广告单。而这里，正是金某某公司以前的办公地点。楼道里办公室指示牌上该公司的铭牌早已经被抹掉。这个已经人去楼空的办公室的斜对面，就是某基金公司深圳分公司。“他们公司比那家基金公司还大，我以为他们是正规的公司。”一位同一楼层的办公人员表示。

When the reporter comes to futian district CBD area near a building and C，Here it is deserted，Office area have door lock，Shrinking filled with all kinds of selling advertising material。And here，It is gold (former office。The corridor to the office on the company's brand of the signs have been away。This has deserted office opposite，Is a fund company shenzhen branch。“Their company is greater than the fund company，I think they are regular company。”A the same floor's office said。

　　事实上，这一类以开办股民学校为名义的投资公司，都很注重形象，其办公地点基本都位于中心区的高档写字楼里面。更让人难以防备的是，这些公司也会花钱建立自己的网站。金某某的网站显示，该公司分别有深圳、广州、杭州、苏州四家分校。而华某某公司的分公司，也遍布广州、武汉、厦门、长沙等九个城市。华某某公司在未取得证券从业资格的情况下，与某财经大学下属的证券期货研究中心合作开办股票投资培训，通过电话营销、派发传单广告的形式，邀请股民到相应地点，由其“老师”对股民进行免费股票培训，并吸引学员交费学习正式课程。从2010年10月至2012年2月时段内，华某某公司共收取学员学费逾5336万元。

In fact，This kind of to open people schools in the name of the investment company，Much attention is paid to the image，The office is located in the center of the basic high-grade office buildings inside。Even harder to guard against it，The company will also spend money to build your own web site。Gold so-and-so website display，The company shenzhen respectively、guangzhou、hangzhou、Suzhou four campuses。And China branch of xx company，Also in guangzhou、wuhan、xiamen、Changsha city of nine。China did not obtain xx company in securities qualifications，And a university of finance and economics of subordinate of securities and futures research center co-organized stock investment training，Through the telephone marketing、Dispensing leaflets in the form of advertising，Invite people to the corresponding site，By the“The teacher”To people for free stock training，And attract students learning formal course fee。From October 2010 to February 2012 in time，China of xx company charge tuition students more than 53.36 million yuan。

　　从“卖软件”到“办学校” from“Selling software”to“schools”

　　打着财经大学证券期货研究中心的招牌，以教育培训这种“擦边球”的方式在工商局注册，并以股民学校的名义来开展非法证券业务，让投资者防不胜防。事实上，这样的非法证券活动，正是目前市场较流行的“新招”。梳理近几年非法证券线索发现，非法证券活动已经经历了从“卖软件”到“办学校”的模式转变。

University of finance and economics under the securities and futures research center signs，To education training this“outside”In the way of the bureau of industry and commerce registration，And with people in the name of the school to carry out illegal securities business，Let investors be guarded against。In fact，Such illegal stock activities，It is at present the market more popular“New recruit”。Comb illegal stock clues found in recent years，Illegal activities have experienced from securities“Selling software”to“schools”Model changes。

　　所谓“卖软件”，便是以销售软件为名，向客户非法提供证券咨询业务。2007年8月至2008年4月，名为金股之王的一家公司以销售证券分析软件为名，以电视、互联网站进行媒体宣传的方式吸收客户，通过电话、手机短信向已购买公司证券分析软件的客户提供股票及买卖点的形式，非法从事证券投资咨询业务活动。2007年8月至2008年4月，共吸引1090名客户购买该公司证券分析软件，经营金额共计逾1704万元人民币。4月22日深圳证监局对金股之王涉嫌从事非法证券经营活动行为立案调查。2009年7月该案被一审判决非法经营罪，同年12月该案二审维持原判，以非法经营罪分别判处房瑞麒等6名被告人2至3年有期徒刑并处罚金1至2万元。

The so-called“Selling software”，Is to sell software as，To provide the consulting business customers illegal securities。In August 2007 to April 2008，The king of the gold shares of called a company to sell stock analysis software as，On TV、Standing on the Internet media publicity means to draw customers，Through the phone、Mobile phone text messages to have bought the company stock analysis software customers buying and selling stocks and the form of points，Illegally engage in securities investment consulting business activities。In August 2007 to April 2008，Attracted 1090 customers buy the company stock analysis software，Business totalling more than 17.04 million yuan RMB。April 22,, shenzhen securities regulatory administration in gold shares suspected illegal stock in the king of business activities on behavior investigation。In July 2009 the case is verdict illegal business of sin，In December the second instance that ruling，Illegal business operations to sin respectively to room red six defendants wenqi, 2 to 3 years imprisonment fined 1 to 20000 yuan。

　　另一起案件发生在2007年2月至2010年3月间，三宝投资及盈通天下公司，通过电视股评节目、免费电话等方式在全国招揽客户，并以售卖荐股软件为名与客户签订服务协议，通过电话短信等方式向客户提供非法证券投资咨询建议服务。2010年3月23日，深圳证监局联合公安、工商部门对三宝投资及盈通天下公司进行了现场打击。2011年8月20日，深圳市福田区法院作出一审判决，判处被告人李保东有期徒刑二年六个月，并处罚金100万元，朱韶华有期徒刑一年八个月，并处罚金5万元，周子夜有期徒刑一年六个月，并处罚金5万元。

The other case occurred in February 2007 to 2010 in March，The triple gem investment and YingTong world company，Through the TV to review program、Free telephone and other means in the national solicit customers，And with sale of fame and commend software clients to sign a service agreement，Through the telephone text messages to provide illegal means such as securities investment consulting advice service。On March 23, 2010，Shenzhen securities regulatory bureau joint public security、Industry and Commerce Department to the triple gem investment and YingTong world company for the blow。August 20, 2011，Shenzhen futian district court to make a verdict，Sentenced to the defendant shall be sentenced to fixed-term imprisonment of LiBaoDong two years and six months，Fined 1 million yuan，ZhuShaoHua shall be sentenced to fixed-term imprisonment of eight months a year，Fined 50000 yuan，Weeks a year at midnight, shall be sentenced to fixed-term imprisonment of six months，Fined 50000 yuan。

　　2012年，总部设在深圳的华某某公司，全国设有11个分公司，在2010年10月至2012年2月期间，华某某公司在未取得证券从业资格的情况下，以开办股民学校的方式，通过电话和传单邀请股民到指定地点进行免费股票炒股培训，并吸引学员交费上正式课程。这些“老师”的课程包括两天的理论学习、一天的实战带盘、长期的QQ指导。“老师”们在实战带盘及QQ指导的过程中对学员提出的个股进行看涨、看跌、可持续持有等非法证券咨询。2010年10月至2012年2月，华某某公司收取学员学费逾5336万元。而前文所述孔大姐，正是参与了该公司的所谓“培训”，按照授课“老师”推荐的股票进行买卖，亏损人民币17万元。

2012 years，Headquartered in shenzhen China xx company，The national has 11 branch，In October 2010 to 2 months，China did not obtain xx company in securities qualifications，To open the way people school，Through the phone and leaflets invite people to specified place free stock fry training，And attract students on formal course fee。these“The teacher”The course includes two days of the study of the theory、A day of actual combat with dish、Long-term QQ guide。“The teacher”In the actual combat with dish and QQ guidance process on the students of the proposed for bullish individual stocks、put、Sustainable hold, and other illegal securities consultation。From October 2010 to February 2012，China so-and-so company collection tuition students more than 53.36 million yuan。And already stated hole big sister，It is involved in the company of so-called“training”，According to the teaching“The teacher”The recommended stocks to buy and sell，Loss of RMB 170000 yuan。

　　无独有偶，2012年度，名为新某某教育的一家公司涉嫌非法经营证券业务。新某某公司总部设在深圳，并在深圳、广州、中山以及湖北等6省市设立分公司，以证券期货教育培训的方式，大肆招收学员，并通过互联网设立的社区，为学员提供证券投资咨询业务，非法经营证券投资咨询业务。深圳证监局与市经侦局认真讨论研究案情，就案件的定性、有关证据的搜集方面达成一致意见，6月份，深圳证监局配合市公安部门对新某某公司涉嫌从事非法证券经营活动开展了专项打击。经初步统计，新某某公司共发展会员2000多人，涉案金额高达5000多万元。有关打击行动，获得公安部的充分肯定。

similarly，2012 year，A new education called so-and-so alleged illegal operations of securities business。New xx company headquarters is located in shenzhen，And in shenzhen、guangzhou、Zhongshan and hubei provinces and cities, and the establishment of a branch，Stock futures education training in the way，Wantonly students，Through the Internet and a community，To provide learners securities investment consulting business，Illegal business securities investment consulting business。Shenzhen securities regulatory bureau and the city bureau of economic discuss carefully study the case，The case to the qualitative、The relevant evidence collected reach agreement，June，Shenzhen municipal public security department with the securities regulatory bureau of xx company engaged in illegal in new securities business activities carried out the special blow。After the preliminary statistics，New xx company total more than 2000 members，Involving a value as high as 5000 yuan。Relevant crackdown，The ministry of public security for full affirmation。

　　“股民学校形式的非法经营行为特点是，将证券知识培训与证券投资咨询结合在一起打包销售，以知名经济人士、学院讲师、专业持牌人士来吸引投资者。”深圳证监局在一份打击非法证券行为的文件中总结道。

“People school forms of illegal business behavior characteristics is，Security knowledge training and securities investment consulting with packed together in sales，Famous people in the economy、College lecturer、A licensed professional personage to attract investors。”Shenzhen securities regulatory innings in a combat illegal securities behavior of the file concluded。

　　“这些非法机构被取缔后，其主要参与人员会获得相应惩罚。事实上，值得注意的是，一些投资者也确实是心态不大好，自己也有责任。”深圳一位不愿具名的律师指出，常有投资者在受害后寻求法律和政策支持。但实际情况是，多数投资者风险意识不高，存在一夜暴富的侥幸心理。多数情况下，股民一旦自己赚了钱，便偷偷“闷声发大财”；而一旦赔钱，便会寻求法律、监管部门的帮助，希望帮他们讨回钱财。而就在近期，记者多方联系受害者，他们虽然受到巨大损失，但均不愿意多谈自己的受骗经过。

“These illegal institutions after banned，The main participants will gain corresponding punishment。In fact，Note the，Some investors are really is not good mentality，They have responsibility。”Shenzhen one anonymous lawyer said，Often investors in law and policy after victims to seek support。But the truth is，Most investors risk awareness is not high，There the lucky psychology to coin money overnight。In most cases，People once earning his own money，Then secretly“Focusing making a lot of money”；And, once losing money，Will seek legal、Regulators to help，Hope to help them get back his money。And in recent，Many reporters contact victims，They are big losses，But are reluctant to talk about his own deceived after。

　　

坚决迅速打击非法证券行为 Determined to crack down on illegal securities act quickly

　　虽然非法证券活动不断改头换面，非法手段层出不穷，但所谓“魔高一尺、道高一丈。”近年来，深圳证监局坚持“打早打新，坚决迅速打击非法证券行为”。正是在这样的思路之下，整非工作逐渐走向常态化、有序化和机制化，深圳得以形成良好的证券市场秩序。

Although illegal stock activity changed constantly，Illegal means are endless，But the so-called“MoGaoYiChe、DaoGaoYiZhang。”In recent years，Shenzhen securities regulatory board insisted“Play early dozen new，Determined to crack down on illegal securities act quickly”。It is in this under the train of thought，The whole non-work gradually of normality、Ordering and institutional，Shenzhen to form good order of the securities market。

　　早在2007年，深圳证监局推动深圳市政府于当年4月下发了《关于进一步严厉打击非法证券活动的通知》（深府办[2007]57号），建立了深圳市整治非法证券活动协调小组，协调小组办公室设在深圳证监局。此后，深圳证监局先后与有关成员单位建立了整非协作机制，包括与公安、工商部门建立了情报交流与联合执法工作机制，与公安网监、市委宣传部建立了快速清理网络非法证券信息机制，联合网监部门建立健全辖区非法证券活动监测预警机制，向辖区证券期货经营机构下发《关于防范网上各类非法证券期货活动的通知》等。

As early as in 2007，Shenzhen securities regulatory bureau of shenzhen city government to promote in the same year by April《On further to crack down on illegal stock activities of the notice》（Deep FuBan [2007] no. 57），Set up the illegal activities of shenzhen securities coordination team，Coordination team office is located in shenzhen securities regulatory bureau。Since then，Shenzhen securities regulatory bureau and has the member unit set up the whole the cooperation mechanism，Including and public security、Industry and Commerce Department set up information exchange and union law enforcement mechanisms，And public security network supervisor、The municipal party committee propaganda department set up rapidly clear network illegal stock information system，Joint nets supervisor departments to establish and perfect the illegal activities under the securities monitoring and warning mechanism，Stock futures business institutions to jurisdiction distributed《On guard against online all kinds of illegal activities of securities and futures of notice》etc。

　　“非法证券经营活动成本低、易复制、蔓延快、隐蔽性强，大都涉嫌犯罪。”深圳证监局相关人士曾总结指出，经过一段时间摸索，深圳证监局将整非工作思路确定为，自主执法与借力执法相结合，充分调动公安、工商部门资源，行政手段与刑事手段相对接，有效提升整非执法合力。

“Illegal securities business activities of low cost、Easy to copy、Spread fast、Strong concealment，Mostly the suspected criminal。”Shenzhen securities regulatory bureau relevant personage have summarized said，After a period of time exploration，Shenzhen securities regulatory bureau will supervise the whole train of thought for sure，Independent law enforcement and borrows the combined with law enforcement，Fully mobilize the public security、Industry and Commerce Department resources，Administrative measures and criminal means relatively answered，The effective promotion of law enforcement together。

　　从行政执法到行政刑事联手打击，从持续集中专项行动到对苗头性问题打早打新，深圳证监局始终对非法证券活动保持高压严打态势，辖区非法证券活动得到明显遏制，辖区涉非信访数量连年下降。

From the administrative law enforcement to administrative criminal to blow，From continuing to focus on the special action of a dozen new MiaoTouXing problems early，Shenzhen securities regulatory bureau of illegal activities always keep high pressure to crackdown securities trend，Illegal activities under the securities has been contained，In the area of declining number of letters。

　　数据显示，2011年深圳证监局受理涉非线索94件，较2010年的294件大幅下降了68%，2012年继续保持下降趋势，1月至6月数量为40件，较2011年同期的53件下降了24.5%。

Data shows，In 2011, shenzhen securities regulatory bureau accepts the clues in 94，A 2010 in 294 plunged 68%，2012 continue to keep down trend，1 and June number for 40 pieces，More than the same period in 2011 53 a 24.5% decline。

　　“非法证券虽然招数层出不穷，但仔细分析会发现，其最终基本都会归结为卖软件和提成两种。”前述律师表示，因此，投资者应该警惕这些非法证券机构的招数，投资应寻找合法渠道。同时，应该强调的是，广大投资者应保持良好心态，抛弃侥幸心理和一夜暴富心理，明辨是非，远离非法证券。

“Illegal stock although tips are endless，But a careful appearing found，Its final basic will boil down to sell software commission and two kinds。”The lawyer said，so，Investors should be wary of these illegal securities institutions of the move，Investment should be looking for legal channels。At the same time，Should be stressed is，The investors should keep a good state of mind，Abandon fluky psychology and psychology to coin money overnight，Right from wrong，Away from illegal stock。