129756355756875000_139Investment research report of the Black Dragon event occurs repeatedly, and researching exactly what? Effect too? Research report publishers should do what? Does not have clearly defined in law. Research report makers think that an inquiry report was not released to the individual investor, and therefore should not be held responsible. Investors believe that content of the inquiry report is untrue
diablo 3 gold, deserves compensation for investment losses.Rule of law reporter Guo Sufan around over the weekend forecast scale and the duties and obligations of equity research reports, dispute again. A few days ago, for reference TX investment consulting Ltd (hereinafter referred to as "like-minded gu (microblog)") research and ultimately lead to investment losses investors Wang and Xia, ultimately SFC to seek help. "The inquiry report is not investment advice, which is based on publicly available informationTo judge the value of stocks, investment reference. Around value fluctuations of stock prices, investors decided prices traded his own decision. "Companion for legal compliance Xin Wang Gu to journalists over the weekend to explain the rule of law. Lawyer Zhang Yuanzhong then think of two shareholders, Analyst research report forecasts can be allowed, but the forecast was based on the fact there can be false, and forecastsTarget must be reasonable. Coincidentally, on February 29, Beijing securities Bureau in writing in response to the shareholders ' lawsuit against alleged false securities on the graphite mine, Baoan, the Institute reported. It is understood that the Commission on brokerage research reports false issues have not yet been investigated. Nevertheless, oolong and researching reported event has never stopped. Baoan graphite mine in the event, several brokersHas published research reports, China Baoan have graphite mine in jixi in listed companies, Baoan share price rally. Bao ' an announcement to clarify the results, company and graphite mine, Baoan shares also tumbled. In all the "References" inquiry caused share prices were mixed, being cut away, is an investor in his pocket money. Who's fault? March 9, 2011, TXInvestment consultants published the Rainbow shares: 2010 report on study of realizing a profit. Research reported that "2010 were produced all kinds of CPT, 7.04 million in sales CPT 7.03 million, $ 1.149 billion sales revenue". "2010 Rainbow $ 1.152 billion total operating revenue of the company". "Rainbow shares have reallyAs the world's fifth House, the first LCD glass substrate manufacturing enterprise ". Rainbow shares were given "overweight" rating. At the beginning of March, congenial days analyst Gu Li Jingzu openly recommend the Rainbow shares on the stock analysts reports, Wang and Xia, and many other shareholders took part in the meeting. Based on analysts ' recommendations, as well as like-minded lab research report, 20In early March 11, Wang, summer highs and buy the Rainbow shares. Analysis on Zhang Yuanzhong rule of law press conference over the weekend, 2010 Rainbow company rely on the color picture tube business earn income, and this market is in the doldrums. And congenial days Gu think CPT drop in business volumes can consist of liquid crystal glass substrate and OLED products that increase in business volume to make up for, but the Institute itself has forecastRainbow on the new business companies in 2011 will be the equivalent of only 6 lines in capacity. In this publicly available information down, congenial days Rainbow shares from 2011 to 2013, Gu still forecast earnings per share of $ 0.60, respectively, $ 1.19, $ 1.57, and in the relatively good 2010 case, Rainbow company earnings per share was 0.02. This "overweight" rating is not objective and reasonable basis. Reporter looked through the Convention on specifications for the public notice on several issues of conduct for securities investment consulting business, which provides that "forecast trends of the securities market, securities or securities for investment feasibility proposal when there is a good reason and basis shall not be dissections,".Zhang Yuanzhong considered "overweight" rating conclusion is not objective and reasonable basis, in violation of the relevant provisions, should bear corresponding responsibility. This reporter has learned, has written this report now have to leave. Xin Wang stressed to reporters, like-minded Gu later specifically review the inquiry report, they found no problems. Not each research report going to do field surveysArticle is public information under the Rainbow shares professional judgement. As with other research, it has been the company's special quality audit and compliance audits. "The inquiry report is not investment advice. "Xin Wang says that" judgments of investors make their own investment decisions, any information may be the reference of a judgment. We should not take responsibility for the losses to investors. ”Investors Wang and believed that an inquiry report in summer and suffered losses, was he was wrong? Research for whom? "Our inquiry reported sold to funds, insurance and social insurance fund of the institutions, are not released for free to the outside, an inquiry found online and without our authorization. Investors passed does not determine the channels to get a copy of the inquiry time, analysts may have been based on listed company information, macrosConcept of micro-economic environment changes and adjustments for a new report, as individual investors are not our company's customers, so I cannot understand the process of adjustment. From this perspective, companies shouldn't pay for loss of individual investors. "Xin Wang said. Nevertheless, major online brokerages, investment adviser free research reports are common. Credibility? In recent years, Frequent inquiry report false events. Analyst was supposed to play the dual role of market observers and participants, in all kinds of bizarre events, however, investors increasingly questioned the authenticity of securities institutions publish research report, accuracy and independence. "As an analyst, performance under a lot of pressure, the company will ask two research report weekly, an analyst, sometimes let you go tomorrow company speedResearch and report to you the day after tomorrow. Therefore, some irresponsible or simply don't have the time, research fellow, research report company information, other agencies, will be able to write a report. "People in the industry he Qiang (pseudonym) told law reporters over the weekend. "From the perspective of researching current profit model, affect shadow Research Fund on the seller by the buyer. "He Qiang said,"A lot of institutions are important customers, analysts wrote reports to these bodies, and sometimes brokerages provide investment report, to be held by the fund company holdings also make the appropriate recommendation, help ordinary investors ' hold sedan chair '. At the same time, rate the Fund give brokerages, at bonus time for reference. In this attitude of wait for dividend, independence of the inquiry may beIs slightly biased. "He Qiang, analysts to listed companies really do some" material ", are also difficult. "More practical question is, is the analyst of listed companies ' boss ', analysts can have a meal all on listed companies. Welcomes analyst of listed companies are not necessarily, sometimes just one or two day public reception brokerages, other times the door shutProduction, does not let you enter
diablo 3 gold, and the treatment of journalists as much as the rest. "He Qiang laughs. In this case, an analyst is usually followed by a listed company for several years. Until the very complex, the company will reveal some new trends and information, told analysts the company next year to what the project or have any performance, which differentiate to become an analyst research report "Bright spots ". "Research is not to see Mr Tung MI, sometimes encountered is the one who does not know the listed company, he may tell you are not professional
tera gold, or items not in the AG and the group, researchers seem to have hit the jackpot this time of ' new ' may not be accurate, Wu long inquiry report also has the potential to be so. "He Qiang on the rule of law over the weekend reporterSaid. Who's going to pipe? Analysts say have an impact on the market, but analysts are not independent, will boost market confusion. "Listed company be liable for false statements, research report is untrue is essentially a false statement. Ignoring this kind of behavior amounts to indulgence of market violations. "Mentioned in the industry he so considers. In theState University of politics and law (micro-blogging) securities law professor Wang guangqi's thought, in the case of many of the inquiry report false, brokers are also to blame. Brokers in order to achieve the maximum benefit, use an inquiry, induces investors to maximise self-interest is existed. "But unfortunately under the conflict of interest, not currently securities company punished due to research problems. "Zhang YuanzhongSaid. At present, the companion over both sides of the Gu Yan, but there is no clear definition of responsibilities and rights. Why this is the case, one of the reasons is the operation of related laws and regulations is not strong. "Obvious errors such as false statements is better to check, but exaggerated statements, it is difficult to define. I proposed to quantify the exaggerated statements and other issues, and on the results ofTo quantify. Provisions such as clearly exaggerated representation of degree level, and combined with appropriate seriousness of the consequences of exaggerated statement, impose administrative sanctions on researchers and securities firms. The brokers identified on the basis of false statements and administrative penalties, shareholders also filed proceedings against brokerage, pursue its civil liability. "Wang Guangjin said. However, people in the industry, Mr Chan believed thatOnly analysts would not be fair to blame, standardization is to analyze the research program should be to provide analysts with better research conditions and production space.
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