129756342039218750_54Investment 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 don't think inquiry report is released to the individual investor, and therefore should not be held responsible. They were of the view that research contents of misrepresentation, the losses arising from investment deserves compensationCompensation law weekend reporter Guo Sufan around equity research reports forecast scale and the duties and obligations, dispute. Recommended reading group at Goldman Sachs Investment Bank loss or reduction of over 1 billion dollars nine bodies on the sword again m the first economic slowdown fears increased the market continue to adjust probability of consolidation in the near future a larger systemic risk was not revivedCan period 17 only unit ready more fell more buy financing large long China peace [micro-Bo] shares virtual high pricing of consequences is serious [Unit 's]C2 waves adjustment Hou will usher 100 points Changyang recently, due to reference days phase investment consultant limited (Xia said "days companion Gu") research reported and eventually led to investment losses of shareholders King a and summer a, eventually to SFC help."The inquiry report is not investment advice, it is based on publicly available information on share value judgement, as a reference of investment. 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. Attorney Zhang Yuanzhong two shareholders were of the view that analysts Institute predictionNo, but the forecast was based on the fact there can be false, and prediction of the target 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, Black Dragon inquiryEvent has never stopped. Baoan graphite mine in the event, several brokerages has published research reports, listed company China Baoan (000009, unit) have graphite mine in jixi, Baoan share price rally.
����Bao ' an announcement to clarify the results, company and graphite mine
world of tanks power leveling, Baoan shares also tumbled. All "References" inquiry caused share prices were mixed in theAnd a stolen, investors were in his pocket money.
����Whose fault? March 9, 2011, TX investment consulting Ltd publish the Rainbow shares (600,707 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 to achieveSales revenue of $ 1.149 billion ". "2010 Rainbow $ 1.152 billion total operating revenue of the company". "Rainbow shares has truly become the world's fifth first LCD glass substrate manufacturing enterprises in China".
����Rainbow shares were given "overweight" rating. In early March, like-minded analysts Gu Li Jingzu stock analysts had recommended publicly on reportsThe Rainbow shares, with Wang Xia an and many other shareholders took part in the meeting.
����Based on analysts ' recommendations, as well as like-minded lab research report, in early March 2011
world of tanks power leveling, buy Rainbow Wang Xia, a high stakes. Analysis of Zhang Yuanzhong journalists over the weekend to rule of law, 2010 Rainbow company rely on the color picture tube business to get income, and the market is in the doldrums. WhileLike-minded think CPT Gu volume declined by liquid crystal glass substrate and OLED products increase in business volume to make up for, but the Institute itself has forecast a rainbow on the new business companies in 2011 will be the equivalent of only 6 lines of production. Under the public information, a companion of Gu 2011 still expect the Rainbow shares earnings per share were 0.$ 60 $ 1.19 $ 1.57, and environment of relatively good situation in 2010, Rainbow company earnings per share of $ 0.02.
����This "overweight" rating is not objective and reasonable basis. Journalists have access to the specifications for the public several issues of securities investment consultancy, which provides that "prediction of securitiesMarket trend of securities or securities for investment feasibility proposal be justified and based on, not 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 WangStressed to reporters, like-minded Gu later specifically review the inquiry report, they found no problems. Not each research report going to do field surveys, this 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 said," investment decisionWhen investors make their own judgement, judgment of any information that may be of such a reference. 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? "Research report we only sell to insurance of the Fund and the social security fund of the institutions, are not released for free to the outside,Found online inquiry and without our authorization. Investors passed does not determine the channels to get a copy of the inquiry reports, analysts may have been based on listed company information adjustment of macro-micro-economic environment changes and 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 individual investor losses��
����"Xin Wang said.
����Nevertheless, major online brokerage consultant free report abounds.
����Credibility? In recent years, frequent inquiry report false events. Analysts should have played a dual role of the observers and participants in the market, but in a variety of incredible events, investors are increasingly questioned the authenticity of the securities authority research report accuracy and independenceOf State. "As an analyst, performance under a lot of pressure, the company will ask two research report weekly, an analyst, and sometimes let you go to the company tomorrow, the day after tomorrow will you report out. So, researcher of some irresponsible or simply don't have the time to see company information other institutions of research, 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
wot power leveling," 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, ordinary investorsHelp "hold sedan chair". At the same time, rate the Fund will give brokerages, at bonus time as a reference. In this attitude of wait for dividend, independence of the inquiry may be 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 of" boss ", analystCould have something to rely on listed companies. Welcomes analyst of listed companies are not necessarily, sometimes just one or two day public reception brokerages, other times the door closed, does not let you enter, 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 relationship between companiesWill 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 "highlights". "Secret investigation was not to see Mr Tung, sometimes encountered is a listed company in a person who does not know, he might tell your information is not professional, or project are not in the joint-stock companyIn the group, when researchers seem to have hit the jackpot "new material" may not be accurate, Wu long inquiry report also has the potential to be so.
����"He Qiang on the rule of law reporter said at the weekend.
����Who's going to pipe?
����Analysts say has an impact on the market, but analysts can remain independent, is bound to boost the market confusion. "Arising from false statement of listed company commitmentLiability, an inquiry report false is essentially a false statement. Ignoring such acts are tantamount to indulge market violations.
����"Mentioned in the industry he so considers. Wang guangqi's China University securities law professor, believes that in the case of many of the inquiry report false, brokers are also to blame. Brokers in order to achieve maximum benefit, research reported that induced investors to achieveMaximize the benefits of the body exists. "But unfortunately under the conflict of interest, not currently securities company punished due to research problems.
����"Zhang Yuanzhong said.
����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 related laws and regulations to exerciseAs sex 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 to quantify the results of. 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. Broker finds a falseAdministrative punishment on the basis of the statements and, shareholders also filed proceedings against brokerage, pursue its civil liability.
����"Wang Guangjin said. However, people in the industry, Mr Chan believed that blame the analysts are not only fair, standardization is the analysis of the program, should provide the analysts with better research conditions and production space.
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