I'm Shocked, Shocked

China accuses trading firms of manipulating stocks
Investigators have found "evidence to suspect that individual trading companies are illegally manipulating securities and futures exchanges," the police ministry said late Sunday. Its one-sentence statement said a criminal investigation was underway but gave no details of which firms were targeted.

On Monday, the securities regulator ordered brokerages to sever ties with unlicensed companies that lend money to finance trading.

The regulator also accused brokerages of improperly allowing customers to trade without giving their real names or to subdivide accounts to allow others to use them to trade.

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