July 17, 2013 (Lunar calendar June 10, 2013), behind the Ma Le case: Why did the "low-key" manager concoct a shocking case. Ma Le, gender, male, graduate student/master, born in 1982. After graduating from Tsinghua University in 2006, he joined Boshi Fund and served as Boshi Select Fund Manager since July 2010. It is reported that rat warehouse generally refers to the banker in the use of public funds to pull up the stock price before, first with their own personal (institution responsible person, trader and his relatives, related households, etc.) funds in the low position, waiting to use public funds to pull up to the high position after the individual position first sell profits. The investigation authorities initially found that from March 9, 2011 to May 30, 2013, while serving as the manager of Bosch Select Fund, Ma Le used non-public information on Bosch Select trading stocks to operate the three stocks he controlled. Stock accounts placed orders through the temporarily purchased anonymous Shenzhouxing card telephone, and bought 76 identical stocks before or during the same period from the Bosch Select Fund he managed, with a transaction amount of more than 1 billion yuan and a profit of nearly 20 million yuan. Due to the huge transaction amount, Ma Le is currently known as the largest "rat" in public trials in China. On July 11 and 12, 2013, the China Securities Regulatory Commission froze three stock accounts involved in the case, totaling 37 million yuan. On July 17, 2013, Ma Le surrendered himself to the Shenzhen Municipal Public Security Bureau. The Shenzhen Municipal Public Security Bureau filed a case for investigation on the same day and detained him on criminal charges. On the morning of July 8, 2015, the Supreme Court opened a public hearing on the case of Ma Le using undisclosed information to trade. While serving as a fund manager of Boshi Fund Management Co., Ltd., Ma Le used the undisclosed information under his control to operate three stock accounts, illegally making profits of 18833374.74 yuan. The case will be pronounced on an elective basis. How to sentence the "Ma Le case" is rare in the history of the Supreme People's Procuratorate's protest. On April 4, 2014, the Shenzhen Municipal Procuratorate found that the first-instance judgment had been wrongly applied and the sentence was obviously inappropriate, and filed a protest. The prosecutor's reason was that Ma Le's criminal behavior should be "particularly serious" and the court of first instance found that the circumstances were wrong. On October 20, 2014, the Guangdong Province High Court issued a final ruling on the case, rejected the protest and upheld the original judgment. However, the Ma Le case did not end there. More than a month later, on November 27, 2014, the Guangdong Province Procuratorate believed that the final ruling was indeed wrong and filed a protest with the Supreme Procuratorate. On December 8, the Supreme People's Procuratorate studied the case and concluded that the final ruling of the case had been wrongly applied to the law, resulting in obvious improper sentencing, and decided to file a protest with the Supreme Court in accordance with the trial supervision procedures. It is understood that it is very rare for the Supreme People's Procuratorate to protest against specific cases. It was said that according to the collection of "Peking University Magic Weapon", China's largest legal retrieval system, there have been only 9 criminal cases filed by the Supreme People's Procuratorate to the Supreme People's Court from the 1990s to the present. The Ma Le case is also the first protest against crimes committed by the Supreme People's Procuratorate in the economic field. What does RatTrading mean? RatTrading is a "price-cutting" practice of unscrupulous brokers disloyal to their customers. Specifically, before using public funds to raise the stock price, the banker first uses his own personal funds (institution leaders, traders and their relatives, related households) to open positions at a low level, and after the public funds are raised to a high level, the personal positions are sold first. Profit.