What is a fund rat barn? How is it set up and operated?

In the industry, the so-called "rat warehouse" refers to the behavior of employees who use public funds to raise a certain one, first use personal funds at a low level, and then take the lead in selling individuals to make a profit after using public funds to pull the stock price up to a high level. The funds of the institutions and ordinary "basic people" involved in the investment may be in danger of being firmly imprisoned, which will obviously cause certain damage to the interests of the basic people.

In order to prevent and control the occurrence of such incidents, Article 43 of China's new "** Law" stipulates that the employees of ** exchanges, ** companies and ** registration and clearing institutions, the staff of ** supervision and management institutions, and other personnel prohibited by laws and administrative regulations from participating in ** transactions shall not hold, buy or sell ** directly or under a pseudonym or in the name of others during the term of office or statutory period, nor shall they accept gifts from others. When any person becomes a person listed in the preceding paragraph, the ** he or she originally holds must be transferred in accordance with the law. At the beginning of this year, the Ministry of the China Securities Regulatory Commission also issued a special document, which was intended to prevent the occurrence of the "rat warehouse" incident by strengthening the supervision of the investment of ** managers and their immediate family members.

The document requires all ** companies to strengthen the assessment of their respective inspectors. The manager will be required to report the ID number and account number of the immediate family member in the job application, and the management will closely monitor these accounts in conjunction with the ** exchange and Zhongdeng company. At the same time, in the notice to the management department, it is required that the company must report the management system of personal conflicts of interest of investment managers in the near future, and require to strengthen the management of behaviors that may lead to personal conflicts of interest, such as the investment of the immediate family members of investment managers.

The rat warehouse refers to the fact that the dealer uses public funds to raise the stock price before using his own personal (the person in charge of the institution, the first hand and his relatives, related households) to build a position at a low level, and the individual ** takes the lead in selling for profit after the public funds are pulled up to a high level, of course, the final loss is the public funds.

The rat warehouse refers to the fact that the dealer uses public funds to raise the stock price before the banker, the company first uses his own personal (the person in charge of the institution, the first person in charge of the institution and its relatives, related households) to build a position at a low level, and the individual ** takes the lead in selling for profit after the public funds are pulled up to a high level, of course, the final loss is the public funds.

As we all know, the characteristic of China's first stock is that there is no banker and no shares, and the rat warehouse exists in these large and small stocks. Brokerage is the main player in the stocks, using their own natural advantages in financing, from all aspects of society into a large amount of funds to sit in the village to pull up the situation.

The purpose of sitting in the bank was to make money, but there are few real money-making brokers, the reason is that after the brokerage pulled the ** up, a large number of rat warehouses buried at the bottom of the warehouse flocked to ship, and the brokerage took over at a high level. As a result, the brokerage company has suffered a lot of losses, and the rat warehouse has made a lot of money. This is the main form of hollowing out brokerages today.

What is a Mouse Bird Banquet Barn? The rat warehouse is a concept specifically aimed at the bad practices of ** managers who take advantage of their positions to seek personal gain. Specifically, before the market maker uses public funds to raise the stock price, he first uses his own personal (the person in charge of the institution, the first hand and his relatives, and related households) to build a position at a low level, and the individual takes the lead in selling it for profit after the public funds are pulled up to a high level.

Industry insiders have a logical discussion about the impact of rat bins. It is only a superficial logic that believes that the "rat barn" incident has greatly impacted the reputation of the industry and the manager has lost confidence in practice. According to a person in the management of a ** company, on the eve of the merger and reorganization of listed companies, those who hope that the first manager will raise the stock price often contact the relevant ** manager through financial public relations to carry out relevant operations, and the investor funds controlled by the manager behind the first manager have become the easiest tool for these listed companies to pull up the stock price.

At the same time, the manager also receives a significant commission.

Cracking down on the "rat barn", whether it is hoped to benefit through the "rat barn"**, or the way to earn the commission of the "sedan chair" is naturally blocked.

The rat warehouse is that the manager first **some**, and then uses a large amount of investors' money**the**, and when **rises to a very ** level, sells their own **profit**, so that the investor's funds are trapped.

When a large amount of money buys a certain **, the **** will **, which is determined by the supply and demand situation of the ** during that time period.

Rat trading is a "price-eating" practice by unscrupulous brokers who are disloyal to their clients. Specifically, before the market maker uses public funds to raise the stock price, he first uses his own personal (the person in charge of the institution, the first hand and his relatives, and related households) to build a position at a low level, and the individual ** takes the lead in selling for profit after the public funds are pulled up to a high level.

The typical definition of rat warehouse is that the controller (not the owner) of large funds is generally the manager, and the other control of a fund is the rat warehouse, which is in and out of large funds before the big money.

The process of large funds is different from that of large funds, which requires a certain amount of time to open and reduce positions, and this process will cause the stock price to fluctuate in an unfavorable direction, and this trend will be obvious with the increase in the scale of **, for small-cap stocks, the trend of change can be known in advance. The rat warehouse can be bought first, and the stock price will increase during the opening process; In turn, the rat warehouse is sold first, and the stock price is avoided in the process of reducing positions.

The concealment of the rat warehouse lies in the fact that there is no need for the manager to operate it himself, and the account is scattered in the hands of many different people, and the manager only needs to pass on the scheduled action information. Moreover, once or twice, it is impossible to say that this is insider trading, and it may also be a factor of luck, and the investigation can only be started through continuous monitoring to the extent that it is "probabilitarily impossible".