The Securities Regulatory Commission issued an administrative penalty decision to investigate the manipulation of stocks by Zhao Yang, Quanshoushan, Wang Lihua, and Ban Xueqin. In 2020, Zhao Yang, Quanshoushan, Wang Lihua, and Ban Xueqin planned to jointly manipulate related stocks. Among them, Zhao Yang and Quanshoushan provided funds, and Wang Lihua and Ban Xueqin were responsible for specific operations. During the period from February 5 to September 11, 2020, Zhao Yang, Quan Shoushan, Wang Lihua, and Ban Xueqin controlled the use of multiple other people's securities accounts, such as “Ban Muliang”, and influenced the price and trading volume of related stocks through methods such as concentrating capital advantages, continuous trading with shareholding advantages, and trading between accounts they actually controlled. The related actions made a total profit of 156,779,370.92 yuan. The Securities Regulatory Commission decided to confiscate the illegal proceeds of Zhao Yang, Quan Shoushan, Wang Lihua, and Ban Xueqin, of which Zhao Yang and Quanshoushan each bear 62,711,748.37 yuan; Wang Lihua and Ban Xueqin each bear 15,677,937.09 yuan; and fine 470,338,112.76 yuan, of which Zhao Yang and Quanshoushan each bear 188,135,245.10 yuan; Wang Lihua and Ban Xueqin each bear 47,033,11.28 yuan.

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