"Big Brother" was taken away by the police for investigation, suspected of amassing 7 million yuan

CSRC and MPS jointly supervise the case. It is said that securities law was violated and illegal operation was suspected.

"According to relevant regulations of CSRC, without the approval of the State Council's securities regulatory authority, no unit or individual may operate securities business. The institution operated by Mr. 777 did not get the approval, nor has it been registered with the securities regulatory authorities."

Subsequently, reporters rushed to Jilin Securities Regulatory Bureau for verification. People in the bureau did not avoid the fact that Wang Xia had been controlled, but refused to reveal more details. According to Mr. 777's announcement on July 1st again that his blog would be closed, he was taken away by the police for investigation in these few days after July 1st.

"From the level of securities supervision, some behaviors of Mr. 777 definitely violated the 'Securities Law', which is undoubtedly certain. As to whether there are other aspects, further investigation and evidence collection by the public security organs are needed." A person close to the securities regulatory department said, "Since the case was still in the reconnaissance stage at present, therefore temporarily not much was known. However, it was heard that higher authorities paid great attention to this case, which was jointly supervised by CSRC and MPS."

According to people close to the source, in May and June this year, Stock Market Maniac - Mr. 777 had already attracted the high attention of the relevant departments of CSRC. In view of a series of behaviors of Mr. 777 suspected of violating relevant laws and regulations, and this matter had a wide impact and involved many people, the relevant departments of CSRC then contacted the Ministry of Public Security, requiring collaborative handling of this matter.

After learning the details, relevant leaders of the Ministry of Public Security immediately ordered the public security organs in Jilin Province to cooperate actively with the relevant departments of CSRC, and Mr. 777 was controlled after mastering certain evidence.

"Currently, the securities regulatory authorities and the public security organs are investigating together, and the final investigation results will be handed over to the public security organs for processing. Relevant parties will hold a press conference later to disclose the final results of this matter." This person said.

And according to a knowledgeable person, this time Mr. 777 was controlled by the police for suspected illegal operation, and the amount involved was as high as millions of yuan.