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Home / Penalty for stock market manipulation
30/03/2022
In Article 211 of the Penal Code 2015, anyone who commits stock market manipulation and earns an illegal profit of between VND 500 million and under VND 1.5 billion or causes damage to investors from 01 billion dong to less than 03 billion dong, they will be criminally prosecuted for stock market manipulation.
Illustration
The specific penalties are as follows:
Main penalties:
- Penalty frame 01:
A fine of between VND 500 million and VND 2 billion or a prison term of between 06 months and 03 years if one of the above acts is committed:
+ Gaining illicit profits from VND 500 million to under VND 1.5 billion; or
+ Causing damage to investors from VND 01 billion to less than VND 03 billion.
- Penalty frame 02:
A fine of from 02 to 04 billion dong or imprisonment from 02 to 07 years in one of the following cases:
+ Organized;
+ Gaining illegal profits of VND 1.5 billion or more;
+ Causing damage to investors of VND 3 billion or more;
+ Dangerous recidivism.
Additional penalties:
- A fine of between 50 and 250 million dong;
- Ban from holding certain position, practicing certain professions or doing certain jobs for 1 to 5 years.