A major breakthrough like never before! The first case of joint and several compensation of sponsor representatives in China's capital market was born, which is expected to be fully promoted to the main board. Recently, the much-anticipated new third board enterprise Blue Mountain Technology fraud and fraud case civil compensation results came out, four third-party institutions respectively bear the proportion of joint and several liability, quite surprisingly, two insurance agents were also ordered to bear the corresponding liability consequences, this move is extremely rare, is the first case in the country. From this point of view, with the strong blessing of the legal level, the strict supervision of the capital market is not just a public publicity, it has been implemented into specific actions, as the so-called: there is no turning back from the bow!
Undoubtedly, the market significance of the judicial department's judgment is extremely huge, which makes the relevant illegal entities and individuals feel the unprecedented deterrent power, and at the same time, it also has the effect of setting a historical precedent, so that every investor praises and praises. However, what retail investors are most concerned about is whether this joint and several punishment mechanism can be vigorously promoted in the A-share market from point to point. It is said that the scale and capacity of the new third board market are not the same as those of the main board, and the entanglement of interests involved in the mixing of various enterprises is still relatively small. Even so, our judicial department still adopted a zero-tolerance attitude towards financial fraud in related fields, and for the first time issued a joint and several fine to the insurance agent, which was absolutely unimaginable in the past, and the intention of the high-level knock has been very obvious.
This is a contest between justice and evil in the financial field, the strict regulatory storm of the new third board market only represents the 'battle' has just begun, but it will certainly not be the main battlefield of the regulatory layer and all kinds of capital wrestling, the real ultimate showdown must be in the main board market, because the wind of fraud and fraud here has been prevalent for a long time, both in terms of quantity and scale, it is already a big tail, not a drastic and strong rectification, the relevant industrial chain will definitely further spread and expand.
Finally, thanks again to the judicial level for achieving a new breakthrough in the capital market, we believe that in the near future, those illegal insurance agents in the main board market will also be under the spell of the law. Cracking down on financial fraud is the top priority of the market ecology, and the joint and several responsibility of relevant institutions and individuals is already on the way!