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the incident occurred in april 2019, when the share price of "jinling sports" climbed at an alarming rate, which attracted widespread attention in the market. however, it was precisely this rapid change that made yi wei's behavior difficult to explain simply, and became a complex case that required careful analysis and research.

the regulatory authorities ultimately determined that yi wei had violated the law by manipulating the securities market and issued a penalty decision. however, yi wei's legal team questioned this, saying that they had found no evidence and therefore requested that he not be punished or that the punishment be lenient.

yi wei's agent said that yi wei did not intend to seek illegal gains, he was just investing in the market. they raised many defense opinions during the hearing, believing that there was a lack of standards for determining the behavior of manipulating the securities market and the results of the determination were wrong. they also accused the regulatory authorities of lacking evidence for determining the scope of the controlled accounts and the control period, and that there were deviations in the determination of the control period.

although yi wei himself or his agents tried to defend himself, the fact is that he caused a sharp rise in the share price of "jinling sports" through a series of manipulations. these actions eventually attracted market attention and also triggered the attention of regulatory authorities to market manipulation.

please note: this content is for informational purposes only and does not constitute legal advice.