Wall Street Legend

The old friends are still there, and the newcomers have also met some. Whether it is the previous life or this life, Ye Dongqing's life is quite exciting.

There are more people around, Laura who is the secretary, and Zhao Liuli who is lying on the hospital bed and thinking about how long it will take to remove the gauze from his eyes all day long, plus those employees of the Freshwater Fund who are connected with Ye Dongqing because of their interests, wandering around Ye Dongqing every day.

In the few days after returning to the United States, there were almost things to do from morning to night, and occasionally I would stay in the hospital with the girl when I was busy. During the period, the doctor checked and it was said that the recovery was not bad.

He was questioned by the police before, and had a drink and chat with the big guy with four stars on his shoulder, but this was the first time he attended the hearing.

On November 26th, Tuesday morning at half past nine.

Ye Dongqing came here on foot alone, and appeared on time in a small meeting room at the headquarters of the Securities and Exchange Commission. More than a dozen investors who were worried about the safety of their funds appeared one after another. They wanted to know whether the financial products they invested in were at risk of cashing out.

Rumors about the safety of funds are still spreading in a small area. Only some investors who were questioned by the investigators knew about the problems of the Danshui Fund Company.

Ms. Vigo has patiently explained to them in person and asked them to check some of the accounts, and a third-party company, PricewaterhouseCoopers, issued a fund certificate to ensure that there are sufficient funds in the accounts.

Properly handled, a possible storm was stifled before it even started, and no one went to court to sue the Freshwater Fund Company. So far, it is safe and the business is continuing.

Speaking of the SEC.

This semi-official agency headquartered in Washington DC has the power to subpoena parties to the scene for questioning and subpoena witnesses. If the subpoenaed person refuses to be present or refuses to be questioned, the Securities and Exchange Commission can request the federal district court to issue an order to compel the parties to appear or provide evidence.

If the party violates the injunction again, he can be sentenced to a misdemeanor, imprisonment for more than one year, or a small fine, depending on the seriousness of the circumstances.

This time, because of Ye Dongqing's ingenuity, the Securities and Exchange Commission considered it necessary to hold this administrative hearing to give the accused person, Ye Dongqing, a chance to defend himself and judge what punishment should be given.

A series of operations of the Danshui Fund must have violated the regulations. Today is not a question of whether the investigation will be punished, but to decide how severe the punishment will be. There is no lawyer to defend Ye Dongqing. The next step is up to him. Yesterday, with the help of lawyer Johnny Ball, a mock hearing was held to preview possible issues.

This is probably the most expensive examination answer that Ye Dongqing has ever bought. Lawyer Johnny Bauer's bill will be sent to him soon. Including the expenses for his help some time ago, it is estimated to be worth more than 100,000 to 200,000 US dollars.

People say lawyers' time is expensive, and I'm not kidding, it's really expensive.

Sitting at a separate table, there was a row of people in front of him. The old man at the head was named Freeman, with gray hair and a pair of gold-rimmed glasses on his nose. He came up and asked, You have been issued a summons a long time ago. Why didn't you come here to explain?

Sir, I was busy with business in Xiangjiang some time ago, and a relative was seriously ill and was about to die. According to our Chinese customs, elders cannot leave when they are about to die.

Ye Dongqing replied.

The old Freeman pushed his glasses, and continued: Just treat what you said as the truth. Your lawyer has already handled everything for you. I look at the changes in the funds on the books. It seems that during the time when your relative passed away, Freshwater Fund successfully earned more than 40 million US dollars?

This is a previous crude oil futures order. I bought it before I was notified and rushed to Xiangjiang. The air ticket I submitted can be used as evidence.

The other party was responsible for finding Ye Dongqing's problem, and he just had to find ways to avoid the realities that might cost him a lot. At this moment, he was wondering if Mrs. Johnson was not helping her, or why was this old man acting so weird?

Leo Ye, I haven't seen any certificates related to your academic qualifications or financial licenses. Please tell me which school you graduated from? What type of license do you hold?

The old Freeman glanced at the information, and continued to ask him in a hoarse voice: Since you want to manage a fund company, and it is a public offering fund company, I think you should have certain knowledge. For example, the practices some time ago are very dangerous and may cause investors to lose their principal.

I'm still in the twelfth grade and I'm preparing to apply to Yale University. Harvard or Brown are also good. Although I don't have any financial licenses, the staff I hire are experienced and they can give me the most correct advice.

Ye Dongqing had investigated in advance, and the old Freeman graduated from Yale University, and he specifically mentioned that Yale University was secretly trying to curry favor with him.

How could such an old man let him go because of such a small detail? He shook his head and said, Judging from the previous performance, they didn't give you the most correct advice. Although they managed to make a lot of money and the figures surprised me, they violated the system after all. This is a mistake that securities practitioners should never make...

Come on, the old man didn't drink a drop of water, and didn't need to go to the toilet, so he kept asking questions for more than two hours.

From one transaction to another, to questions about rectification, to the composition of the company's personnel, and so on, Ye Dongqing was almost tortured to death. It felt like the teacher asked the same student to answer different questions for three consecutive classes, and kept picking on them.

It was hard to make it to the end, and the final verdict would not be available until next week, or next week, next week, anyway, within a month, Ye Dongqing was not given an exact time, only that someone would call him to come over, and he was not allowed to leave the United States until then.

Other things have not been confirmed, but the amount of the fine came out first, only $100,000, which is nothing compared to the profit. The director Vigo who was blamed was banned from entering the securities industry for three months.

Judging from these, the punishment for people is indeed not strong, and it is more like pretending to fool the past.

But Freshwater Fund Company is not so lucky. It will no longer be as free and flexible as before. It did not say that it cannot raise funds, but only that it must be guaranteed to ensure that it can repay investors with interest.

A deposit is required to prove it, which can be bonds, stocks or company shares, as long as there is enough money, the Securities and Exchange Commission will send someone to supervise and review.

Ye Dongqing plans to take a look at the market in the near future, and if the timing is right, he will buy the stocks of those Internet companies again, which is exactly what he wants...