Home World News Taiwanese Internet celebrity spreads rumor that “Warren Buffett bought TSMC stocks” on April Fool’s Day and gets a maximum sentence of 10 years

Taiwanese Internet celebrity spreads rumor that “Warren Buffett bought TSMC stocks” on April Fool’s Day and gets a maximum sentence of 10 years

0
Taiwanese Internet celebrity spreads rumor that “Warren Buffett bought TSMC stocks” on April Fool’s Day and gets a maximum sentence of 10 years

A Taiwanese financial Internet celebrity wrote on April Fool’s Day, April 1, “buffetPurchaseTSMCThe “stock” false news was published in the name of a Bloomberg news report. The false news was erroneously cited by some Taiwanese financial media and financial experts. Although the Internet celebrity later apologized publicly, an official of the Financial Supervisory Commission said that it had comeinvestThe individual submitted a complaint and asked the stock exchange to initiate monitoring and inspection. If found guilty of illegal activities, the maximum penalty under the law is ten years’ imprisonment and a fine of up to 200 million yuan.

Internet celebrity apologizes for not holding TSMC shares

The Internet celebrity later posted two apology notices on the morning of the 2nd, saying that he was making an April Fool’s Day joke, so he wrote an article about Buffett buying TSMC and sent it to AI to translate it into English. Sent.

The internet celebrity said he had no trading activities during this period, and had no holdings or ETF exposure in TSMC in the past month. The publication of this post was not related to him or anyone around him. No relation between returns and profits.

However, Huang Houming, deputy director of the Securities and Futures Bureau of the Taiwan Financial Supervisory Commission, said yesterday that they had indeed received complaints from investors and had called on the stock exchange to launch supervisory inspections. The stock exchange will handle this matter accordingly with regulations to protect the rights and interests of the investing public.

Huang Houming said that the current stock market verification mechanism is carried out by the stock exchange or over-the-counter purchasing center. If anyone is found submitting false information through online messages or other means, he will be listed as per Article 155. , Article 1, Article 6 of the Securities and Exchange Law. The illegal act of “spreading rumors or false information with the intent to influence the transaction price of securities in the centralized market” will be transferred by the stock exchange to prosecutors and then punished. Pursuant to Article 171 of the Securities and Exchange Act. If this is true, the person will be sentenced to no more than 3 years’ imprisonment, no more than 10 years’ imprisonment, and a fine of no less than NT$10 million (approximately US$324,000) and NT$200 million (approximately US$6.48 Not more than million).

The question is whether people affected by fake news can file a lawsuit and demand compensation? Huang Houming pointed out that the Investor Protection Law stipulates that if an investor’s rights and interests are harmed as a result, the insurance center shall advocate for the investor’s rights and interests. In addition to individual lawsuits, there are also group lawsuits, but a group lawsuit must involve more than 20 people. Zhao Shunsheng, deputy general manager of the Insurance Center, said yesterday that the Insurance Center is temporarily unable to launch investor protection work, but will continue to pay attention to the development of the incident.

Taiwan (tagstotranslate) investment (T) TSMC (T) Buffett