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Chapter 248 Sudden Hearing

When I returned to the villa, I happened to see Qin Zi picking up letters in the mailbox outside the gate. After parking the car, Jing Jian asked with a smile: "Are you interested in being my dance partner at the weekend dance?"

Qin Zi looked through the email attentively and did not notice Jing Jian's words. She has been caring about the email these days. In fact, the verdict has been completed, and Qin Zi has basically won the case. It is nothing more than waiting for the last trial to judge the specific compensation amount of her ex-husband. According to Smith's estimate, it will never be less than 500,000 US dollars. As for how much can you get in the end? Cough cough... It is estimated that something is not good. For this reason, Jing Jian paid a full $40,000 in lawyer fees. But seeing Qin Zi is very excited, it is worth it.

"What are you asking? Dance?" Qin Zi asked absent-mindedly.

"Uh..." Jing Jian was about to ask again later. Seeing Qin Zi's condition, he had already been fully committed to the stack of letters. "Is there any letter?"

"Yeah. There are two advertising papers from your flower company." Unexpectedly, Qin Zi learned to joke, "Hey, there is still a letter for you here."

Jing Jian took the letter and entered the house with Qin Zi. He opened the letter with a smile, immediately put away his smile and grabbed the phone: "Smith, there is something that the CSRC requires me to attend the hearing, and he suspects that I have illegally manipulated Microsoft stocks."

"Sir!" Smith said immediately, "I'll come to your house immediately. Before that, don't disclose anything to the outside world. Don't worry, I'll come to you right away!"

...

A day later, an office of the Los Angeles branch of the Securities Regulatory Commission, Jing Jian, Smith, and a professional securities lawyer from Kevin Law Firm, were asked by several Securities Regulatory Commission officials.

The person who presided over the hearing was a member of the China Securities Regulatory Commission named Dodd: "Mr. Jian..."

"I'm sorry, sir." Jing Jian interrupted with a smile, "According to the Chinese custom, the surname is first and the name is second. You can call me Mr. Jing. You can also call my English name Branbull."

"Okay! Bramble." Dodd's expression was easy-going, "This is not a very serious hearing, but our US Securities and Exchange Commission has received a report that you suspect your illegal manipulation of Microsoft. I have a few questions now."

"May I ask, sir."

"Did you just study in the United States and now study in ULCA?"

"Yes, sir."

"Is this your first time buying stocks of a listed US company?"

"Yes, sir."

"Then are there any reasons why you choose Microsoft?"

"I protest!" Before Jing Jian could answer, Smith protested. Obviously, Mr. Dodd had bad intentions. Although his expression was very friendly, every question brought Jing Jian into the ditch.

There is a very special policy in US securities laws - the principle of providing evidence by yourself. What does it mean? That is to say, once the CSRC suspects that you are illegally manipulating, you must provide evidence by yourself and make the CSRC believe that you have not manipulated. Otherwise, you are manipulating! Yes, without evidence, it proves that you have committed a crime!

This law is very bloody. For example, in the US stock market, if you have never bought stocks but suddenly bought a bull stock and then suddenly stopped after making money in the short term, then you will basically be convicted and may be fined all of your capital and interest. There is no need for any evidence, nor any witnesses at all. However... the vast majority of retail investors who hate insider trading in the Chinese stock market will definitely applaud this law, right?

However, the hearing was not a court, nor was there any "silence principle". Jing Jian must answer the inquiry from the CSRC, and Smith's protest just now was just a skill, a "some kind of warning" to the CSRC - don't go too far!

Therefore, after Smith finished protesting, Jing Jian smiled slightly: "Sir, in June last year, eight months ago, the cash around me was only 200,000 US dollars. But I keenly calculated that gold would have a wave of rising prices, so I decided to go long and earned more than 20 million US dollars in two months. Since then, my account in Hong Kong, with the advice and operations of several excellent brokers, I made another 15 million US dollars. And all of this has transaction documents and can be submitted to you."

"After arriving in the United States, except for Microsoft, I also made no less than $6 million in other stocks, and all transactions also have documents. Thanks to those excellent investment consultants, but I personally, please forgive my pride. I am also an excellent investor and an expert investor."

"As for why I choose Microsoft? Sorry, this involves business secrets. I can only tell you that this is not a speculation, but a strategic investment. Most of the shares I hold now are restricted shares, so they will hold them for a long time. Here, I would like to remind you, Mr. Kent, general manager of White Lotus, that he has made public the reasons for his investment in the media. If you are interested, you can find them yourself. Thank you!"

Jing Jian's words were clear. After saying this, Smith nodded to Jing Jian with appreciation. Dodd was obviously prepared: "Then you can tell me why you buy low and sell high and trade frequently in just a few days? Is this your strategic investment?"

"Mr. Dodd." He smiled at Dodd, "Don't you think that last trading day, Microsoft's stock was still hovering around $40, but after only one trading day, the stock price surged to $300. This is normal? Such a strange situation occurs, as long as investors with normal intelligence, they will definitely cash out at a high level. As for buying at a low price, it is my investment team that unanimously agrees that this price has strategic investment value. By the way, this situation occurs because Microsoft's equity is too concentrated. And you don't think about how to solve the problem of equity concentration and how to protect small and medium-sized investors. Instead, you noticed me, the victim. I personally think that this behavior is quite puzzling."

Jing Jian took a bite and pulled Bill Gates and Allen into the water. Anyway, he was confusing the water and dispersing his firepower.

Sure enough, Dodd smiled and shook his head: "Bramble, I want to remind you that although Microsoft's equity is quite concentrated, such behavior is legal."

Jing Jianke responded tit-for-tat: "All my operations are below 5%, and there is no need for announcements. How can I manipulate the stock price? My behavior is also legal, so how can I face you inexplicably?"

"Haha, we are just hearings, not public accusations." Dodd explained with a smile, "We welcome investors all over the world. But the necessary hearings are to make the US stock market develop healthily and to protect every investor."
Chapter completed!
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