Crazy, You Call This a Trainee Lawyer Chapter 467

   Chapter 467 Unspoken rules of the market, is it illegal?

afternoon.

   East Star Securities case, the first official hearing.

   "Hello sir, I am from Dongxing Securities. Are your stocks still trading recently?"

   "Hello, I am from the investment department of Dongxing Securities. I have a bull stock here. Do I need to recommend it to you?"

   "Okay, super bull stock, you can earn it if you buy it, the daily limit rises, you change cars every week, and buying a house in a month is not a dream!"

"Hello, I am…"

  In the courtroom, a very hot phone recording is being played.

   Both the observers on the hearing bench and the six jurors on the jury bench were all speechless.

   The voice on the phone was all too familiar to them.

   Even if the opening statement is not Dongxing Securities, it is possible that the opening statement is other **** companies, **** groups, or even **** agencies.

   Anyway, every time we receive this kind of call, we respond with one word!

hang!

   Just hang up.

  You chat with them for a while, maybe they will sell you health care products, wealth management products, loans, even cars, houses, shops, apartments.

   Anyway, they want to make you spend money!

   "Hello witness, are you from the investment department of Dongxing Securities?"

   Zhang Wei walked to the witness stand, looked at the first witness in front of him, and asked coldly.

   "Yes, I am from the Investment Department of East Star Securities." The witness admitted without hesitation.

   "What impression do you have of the recording just now?"

   "This, isn't that what financial companies do?"

  The witness said, glanced at the jury box, then glanced at the dock, but his expression did not respond much.

   After all, people from the investment department often make phone calls, and they are used to it.

   However, some powerful brokers only need to make occasional calls every day to contact some familiar clients.

  Some novice brokers also need to use this method of casting a wide net to contact and dig out new customers.

   "It's actually illegal to do this, you know?"

  Zhang Wei then asked a question.

   "I don't know that because I'm not in charge of that new project."

  The witness quickly shook his head in denial.

   "Actually, I am from the investment business department of Dongxing Securities, and the project that Zhan Qingze is in charge of is another newly established department that has nothing to do with me."

   "I know, but I subpoenaed you to appear in court. It has nothing to do with the new department, but because of the way your financial world seeks out customers, there is a problem in itself!"

   Zhang Wei smiled coldly and asked, "Witness, I ask you, if you want to engage in securities and obtain trading qualifications, you need to set up a securities company, right?"

"Yes."

   "Then what kind of admission ticket is needed to obtain this qualification, or I simply ask, what is the minimum capital required to establish a licensed securities prosecution?"

  The witness looked around again, especially towards the jury.

   "More than 200 million liquidity is needed."

   As soon as this statement came out, many people on the jury were really affected by this number.

  200 million, for them, it is almost impossible to earn money in a lifetime.

   "200 million, a number that a migrant worker would never dare to expect in his entire life, but it is a ticket for the rich to play with capital~" Zhang Wei sighed with emotion.

   "Objection, inflammatory speech!" In the dock, Xu Kongwen immediately got up and interrupted.

   "Objection is valid!" Ni Qiuping didn't get used to Zhang Wei and nodded directly.

   Zhang Wei laughed and continued to come to the witness stand.

   "Then let's put aside the question of 200 million and talk about the financial market."

  Zhang Wei paused and asked, "Excuse me as a witness, do you know how many companies in the East are qualified for securities trading?"

  The witness raised his hands and said, "Dongxing, Nanxing, Minsheng, Wealth..."

After    counted, he answered affirmatively: "There are 19 in total!"

   Zhang Wei naturally had no reaction to this number.

   He asked again: "Then please tell me how many wealth management companies in the East are qualified for securities trading, and how many companies are engaged in financial work?"

"this…"

  The witness really couldn't answer this time, because the number was too many.

  Financial companies, stock recommendation companies, and any companies that are registered as other projects but actually call investors in the name of investment and wealth management are too many.

  God knows how many financial companies exist in the East. If you count micro-loans, futures trading, and even online finance, the number is terrifying.

   "Witness, is this number too many?"

   "Yes, it is conservatively estimated that there are thousands, maybe even tens of thousands?"

   "Yeah, thousands, that's too many, so we get calls from a lot of companies every day, lots and lots of harassing calls."

   Zhang Wei said, paused for a moment, and then asked: "Then please tell me, there are less than 20 companies that have obtained securities qualifications. Why do some investors receive more than 100 companies' stock recommendation calls every day?"

  "This..." The witness didn't know how to speak again.

   "It doesn't matter, I'll just ask you to answer. Aren't these things the unspoken rules of your industry?"

   Zhang Wei laughed, raised a finger, and asked, "First, securities qualifications require admission tickets, 200 million, isn't it?"

  The witness nodded, the question had already been answered.

   "Then even in the Eastern Capital, there are 200 million people, probably a small number, right?"

   "Yes?"

   "But everyone knows that to make money in the financial market, at least if you are qualified to be a bookmaker, you will definitely be able to make money. Don't you deny this?"

"I…"

Zhang Wei ignored the witness's answer and continued: "Then the question is, I don't have 200 million, I only have a few million, but I want to open a financial company and enter the capital market to make money, what should I do? "

   "This..." The witness wanted to answer, but Zhang Wei bypassed him directly.

   "It's very simple, find a big company with qualifications to make a name, and rent a qualification from them!"

   As soon as this statement came out, many people in the court were stunned.

   Does this work too?

   "With the millions at hand, find a big company like East Star Securities, rent a securities trading qualification from them, and recommend stocks to customers, that's all."

   "This method is actually very common in the financial market. Those financial companies, big and small, who can call their names, but cannot name them, have obtained the 'temporary' qualification for securities trading through this method."

"Everyone, please note that this qualification is not permanent, but temporary, and only has the right to use it for a period of time, but if you operate properly, these millions of rental fees can be fully earned within the period of opening the qualification. "

   "Then the question is, from whom does the money come from?"

   Zhang Wei's question directly led many people on the jury and the hearing bench to look at himself and to the left and right.

   From whom do you make money?

   That is naturally earned from the leeks.

   "I believe the process involved in this case is actually the same as that of other securities companies."

Zhang Wei said, and asked the witness: "Witness, as far as I know, those small financial companies have rented securities trading qualifications from you Dongxing Securities. This kind of thing is actually not allowed by the Financial Services Administration? "

"Yes…"

   When the witness answered, his face became a little ugly.

   After all, he has to admit that although it is an unspoken rule in the industry, these rules are expressly prohibited by the Financial Services Agency.

   "So in order to deal with the investigation by the Financial Services Agency, how do you generally operate, and what methods do those small companies use to avoid being investigated by the Financial Services Agency?"

   "This..." The witness glanced at the dock and saw that Qian Moli didn't respond, so he could only speak.

   "We will set up a new project team, and then attach small companies to the new project team, so that they are exercising securities trading qualifications in the name of Dongxing Securities. After the Financial Services Agency investigates, there will be no problems."

   "Well, thank you for telling the truth."

  Zhang Wei was very satisfied with the witness's answer, "So, the same is true for the new project team involved in this case?"

"Yes."

   "You Dongxing Securities know about this?"

   "We just rented out securities trading qualifications, and we don't know how those companies will operate!"

   "Then you have to review it, you have to check the operation process of this company, you have to verify that this small company will not arbitrarily destroy the reputation of your East Star Securities..."

   "I don't know about this either...because I'm not the person in charge of that project team..." The witness couldn't answer well.

   "Who is the person in charge?"

   "It's Zhan Qingze!"

   For this question, the witnesses can be firm.

   "Witness, you can't open your eyes and talk nonsense, you can't catch a person and throw the blame?"

   Zhang Wei laughed and asked, "As far as I know, a large securities company like you will have a strict internal review system to ensure that the leased securities trading license will not be used indiscriminately by the leased company."

   "This step is very important, so as to ensure that those small companies will not do anything wrong and ruin the reputation of your East Star Securities, isn't that so?"

   "In our company, we do have an audit and verification department."

   "Then, even if Zhan Qingze is the person in charge of the new project team, the qualification review of the audit and verification department, and the subsequent review of the business process of small companies, cannot be done by him alone, right?"

"this…"

  Zhang Wei went straight back to the plaintiff's box and took out two documents from his briefcase.

   "This is a document signed by the internal audit department and audit department of East Star Securities. This document shows that you, East Star Securities, have conducted an internal professional review of the business process and operation process of the new project team."

   "These two documents also indicate that all the review procedures for the new project team have been passed by Orient Securities, and Orient Securities will be responsible for any follow-up issues arising from the new project team, right?"

"this…"

  The witness hesitated, and Zhang Wei asked, "Why, it's hard for you to answer? But aren't the signatures and seals on these two documents left by your company's department?"

   "There's no Zhan Qingze's signature on it. It's your company's internal audit department and qualification audit department. Since they passed the audit, aren't they responsible?"

   "This...I...I don't know..."

  The witness turned over his lapel tie with his hands, and he felt a little short of breath.

   Zhang Wei was very satisfied with the witness's performance.

   "Judge Ni, we have nothing to ask about this witness."

   He walked down the courtroom with a smile on his face, Master Tang and others in the dock. It was gloomy.

  After 2 minutes, the cross-examination ends.

  Sun Kongwen's cross-examination of witnesses did not raise many questions.

  Because the witness is from Dongxing Securities, and he is also his own, he will not embarrass the other party.

   "The prosecution?"

   "Judge Ni, we will call another witness from Dongxing Securities."

   Zhang Wei said, and summoned another person from the business department of Dongxing Securities.

   "Hello, witness, you are the ace broker in the business department of Dongxing Securities, aren't you?"

   "Yes, I have won the monthly sales champion, quarterly champion, and annual champion!"

  The witness sat proudly on the witness stand with a smug look on his face.

   "Then it seems that you have earned a lot of commissions by relying on the financial industry?"

   "No, it's all to help customers make money, I just take a little bit of a cut." The witness looked modest.

   "Really, then you are really humble."

   Zhang Wei said, as if he asked casually: "Then let me ask, where did all your customers come from?"

   "They all took the initiative to find us Dongxing Securities!"

   "All?"

"this…"

  The witness hesitated, but Zhang Wei asked with a smile: "Witness, you should have heard the word involution, right?"

   Inside Volume!

   We didn't know before, but now with the popularity of Internet culture, we all know what is called involution.

   "As far as I know, the financial industry is a relatively introverted industry, especially if you have achieved the crown of the month or even the crown of the year, you should be elected by everyone in the same company, right?"

   "Well, you can say that..." The witness's expression became a little unnatural, completely no longer complacent and complacent.

   "Then let me ask, if everyone only receives visiting customers, then everyone's source of customers is the same, how can you be the annual crown, but others can't?"

"this…"

   "Witness, do you have a lot of clients that you didn't find through normal means?"

   As soon as the question was opened, the witness's complexion changed.

   "Cough!"

   In the dock, Qian Moli hurriedly coughed at Sun Kongwen.

   "Objection!" The latter immediately got up and expressed his opinion, "A question not related to this case!"

"invalid objection!"

   But this time, Lao Ni stared at the witness stand with a gloomy face.

   "Witness, please answer this question."

   She actually sided with the plaintiff.

   It seems that Lao Ni has received harassing calls on weekdays, and has suffered a lot.

  Zhang Wei knew what to do, and quickly connected to the question just now: "Witness, it seems that you can't answer it, right? It doesn't matter, I have the operation process here, I'll read it to you!"

   He walked back to his place, took out a stack of documents, and began to perform.

   "As we all know, there are 19 securities companies in the Orient that have licenses, and they rent out the licenses. As a result, there are more than a thousand companies in Orient that can engage in financial securities transactions."

   "What kind of money do these people make? They make money in the stock market and investors. And where do investors come from, it is natural that brokers need to dig one by one."

"The harassing calls you receive every day are one of them. Some investors are interested in investing, and they just received a call from Dongxing Securities, or a certain securities, so they registered a stock trading account and wanted to make a vote in the stock market. , that's the customer."

   "But even though we have a lot of people in Dongfang and there are a lot of rich people, but tens of thousands of financial companies, big and small, are all staring at them. This plate is so big, how should we divide it?"

"At this time, the broker needs to have a pair of eyes that are good at discovering customers, or have the means to develop customers independently. As long as you have many customers, you will get a high draw rate, and the commission you will get after the customer trades will be high. , you can make money."

   "To put it bluntly, you make money when the customer makes money, and you actually make money when the customer loses money!"

   "Cough cough!" Ni Qiuping coughed in the trial seat.

   "Sorry, I've gone too far."

   Zhang Wei hurriedly apologized, then walked to the witness stand, "Witness, you should have your own set of customer development methods, right?"

   "It's... well..." The witness finally became restless this time, and a few drops of sweat could be seen on his forehead.

   "Judge Ni, I want to raise an objection again, the plaintiff's lawyer is harassing the witness!"

"invalid objection."

  Sun Kongwen got up again, but unfortunately was interrupted by Ni Qiuping.

  “Judge Ni…”

"To shut up!"

  Sun Kongwen was helpless and could only sit down angrily.

   Master Tang's expression also turned bad, and his gaze towards Ni Qiuping and his apprentice was gloomy.

   "Since Judge Ni wants to know the witness, you shouldn't hide it, okay?"

"this…"

   Under Zhang Wei's questioning, the witness still did not let up.

   But Zhang Wei had expected it long ago. He opened the document and asked, "Witness, since you don't tell me, then I'll tell you!"

   "Did you buy the list of registered members from several private high-end clubs in our city through bribery?"

   "Didn't you get customer lists from several horse racing clubs, antique dealers, yacht clubs, luxury car clubs, and even golf clubs in our city through the same means?"

   "Did you discover and develop investment clients through these lists?"

   Countless eyes in the audience were focused on the witness stand.

   "This, everyone operates like this, people who sign up for these clubs are rich, isn't this the default..."

   Faced with Zhang Wei's pressuring, the witness had no choice but to admit it.

   "Yeah, they all have money, otherwise how could they have the spare time to play with these things?"

   Zhang Wei laughed, but immediately turned his face, "But you know, it's illegal to do this?"

   "Ah, this..."

  The witness was also stunned for a moment, but quickly lowered his head.

  Yes, it is indeed illegal to steal and sell citizen information and internal information inside the club.

  Because these clubs are obliged to keep the information of customers confidential after registration, but people inside them take the lead in selling customer information and earn a lot of "extra income".

   "So, witnesses, many of your company's customer lists are actually not clean, right?"

   "This...I don't know anything..."

   Witnesses were once again afraid to speak, unable to speak.

   "It doesn't matter, you pretend to be deaf and dumb, pretend to be crazy and sell stupid, or even ask three questions, it doesn't matter. Anyway, I'm talking about the unspoken rules of your industry."

   "But even if it's an unspoken rule, it doesn't mean that you don't need to take responsibility. At least I said these things in court, and you actually participated, so you will be punished by the law."

   "Similarly, don't even think about getting out of East Star Securities!"

   Zhang Wei said, looked at Qian Moli in the dock, and issued a cold warning.

   This naturally made the latter party look unhappy.

   "Judge Ni, for this witness, we end the question!"

  Zhang Wei walked down the court again, his purpose was naturally accomplished.

  The wind direction of the court begins to change!

   (end of this chapter)

Chapter end