Wall Street Legend

   Chapter 87 Hearings

  The old people are still there, and the new people have met some. Whether it is the previous life or this life, Ye Dongqing's life is quite exciting.

There are some more people around, Laura who is the secretary, and Zhao Liuli who is lying on the hospital bed, thinking how long it will take to remove the gauze from his eyes all day long, plus those employees of the Tamsui Fund who are connected with Ye Dongqing because of their interests They wander around Ye Dongqing every day.

  In the few days after returning to the United States, there were almost things to do from morning to night, and occasionally I would stay in the hospital with the girl when I was busy. During the period, the doctor checked and it was said that the recovery was not bad.

  He was questioned by the police, and had a drink and chat with the big guy with four stars on his shoulder, but it was the first time he attended the hearing.

  November 26th, Tuesday morning at 9:30.

  Ye Dongqing came alone on foot, and appeared on time in a small meeting room at the headquarters of the Securities and Exchange Commission. More than a dozen investors who were worried about the safety of their funds appeared one after another.

  Rumors about the safety of funds are still spreading in a small area. Only some investors who were questioned by the investigators knew about the problems of the Freshwater Fund Company.

  Ms. Vigo has patiently explained to them personally, and asked them to check some of the accounts, and a third-party company, PricewaterhouseCoopers, issued a fund certificate to ensure that there are sufficient funds in the accounts.

  Properly handled, a possible turmoil was stifled before it even started, no one went to court to sue the Freshwater Fund Company, so far it is safe, and the business is continuing.

   Speaking of the SEC.

This semi-official organization headquartered in Washington DC has the power to subpoena the parties to the scene for questioning and subpoena witnesses. If the subpoenaed person refuses to be present or refuses to be questioned, the Securities and Exchange Commission can request the Federal District Court to issue an order to compel the parties be present or provide evidence.

   If the party violates the injunction again, he can be sentenced to a misdemeanor, a fixed-term imprisonment of more than one year, or a low fine, depending on the seriousness of the circumstances.

  This time, because of Ye Dongqing's ingenuity, the Securities and Exchange Commission considered it necessary to hold this administrative hearing to give the accused person, namely Ye Dongqing, a chance to defend and judge what punishment should be given.

A series of operations of the Tamsui Fund must have violated the regulations. Today is not a question of whether the investigation will be punished, but to decide how severe the punishment will be. There is no lawyer to defend Ye Dongqing. The next step is up to him. With the help of Ball's attorneys, a mock hearing has been conducted to rehearse the issues that might be raised.

This is probably the most expensive "examination answer" that Ye Dongqing has ever bought. Lawyer Johnny Ball's bill will be delivered to him soon. Including the expenses for helping out some time ago, it is estimated that there will be more than ten or twenty Ten thousand U.S. dollars.

  People say lawyers' time is expensive, and I'm not kidding, it's really expensive.

Sitting at a separate table, there was a row of people in front of him. The old man at the head was named Freeman, with gray hair and a pair of gold-rimmed glasses on the bridge of his nose. Why didn't you come and explain?"

   "Sir, I was busy with business in Xiangjiang some time ago, and a relative was seriously ill and was about to die. According to our Chinese customs, elders cannot leave when they are about to die."

   Ye Dongqing replied.

Old Freeman pushed his glasses, and continued: "Just treat what you said as the truth, your lawyer has already handled everything for you, I look at the changes in the funds on the books, it seems that during the period of your relative's death In that time, Freshwater Fund managed to earn more than 40 million U.S. dollars?"

   "This is a previous crude oil futures order. I bought it before I was notified and rushed to Xiangjiang. The air ticket I submitted can be used as evidence."

  The other party is responsible for finding Ye Dongqing's problem, and he just needs to find ways to avoid the realities that may cost him a lot of money. At this moment, he is wondering whether Mrs. Johnson is not helping, or why is this old man acting weird?

   "Leo Ye, I haven't seen any certificates related to your academic qualifications or financial licenses. Please tell me which school you graduated from? What type of license do you hold?"

The old Freeman glanced at the information, and continued to ask him in a hoarse voice: "Since you want to manage a fund company, and it is a public offering fund company, I think you should have certain knowledge, such as what you did some time ago. It is very dangerous and may cause investors to lose their principal."

“I’m still in the twelfth grade, and I’m about to apply to Yale University. Harvard or Brown are also pretty good. Although I don’t have any financial licenses, the staff I hired are experienced and they can give me the most correct advice. "

  Ye Dongqing had investigated in advance that the old Freeman graduated from Yale University, and specifically mentioned that Yale University was secretly trying to curry favor with him.

The old man who lived like a man, how could he let him go because of such a small detail, he shook his head and said: "From the previous performance, they didn't give you the most correct advice, although they managed to make a lot of money, the numbers let you I was amazed, but after all, it violated the system, which is a mistake that securities practitioners should never make..."

  Bah blah blah blah, the old man didn't drink a drop of water and didn't need to go to the bathroom, so he kept asking questions like this for more than two hours.

From one transaction to another, asking about rectification opinions, and then to the composition of the company's personnel and other various questions, Ye Dongqing was almost tortured to death. It felt like the teacher asked the same student to answer different questions in three consecutive classes. , and kept picking.

It was hard to make it to the end, and the final judgment will not be available until next week, or next week, next week, anyway, within a month, Ye Dongqing did not give the exact time, only said that it would make people Call him to come over and don't leave the US until then.

Other things have not been confirmed, but the amount of the fine came out first. It is only 100,000 U.S. dollars, which is nothing compared to the profit. The director Vigo who was blamed was banned from entering the securities industry for three months, which is not a big deal. Ye Dongqing was rewarded It has been promised to her, which is more than one million US dollars.

   Judging from these, the punishment for people is really not strong, it is more like pretending to fool the past.

   But Danshui Fund Company is not so lucky. It will not be as free and flexible as before. It did not say that it cannot raise funds, but only that it must be guaranteed to ensure that it can repay investors with interest.

  You need a deposit to prove it, which can be bonds, stocks or company shares, as long as you have enough money, the Securities and Exchange Commission will send someone to supervise and review.

  Ye Dongqing intends to take a look at the market in the near future. If the time is right, he will start buying stocks of those Internet companies, which is exactly what he wants...

  (end of this chapter)