We”ll we’ve seen and aren’t too sure what we are looking at. Immediately after announcing new regulations to close loopholes in 2006 securities transaction rules, (see Stock Sheriff Swaggers) the regulators have announced their first exemplary fine on a retail investor.
Zhou Jianming has been fined 1.8 million yuan ($245 million) and a similar amount said to be his illegal profit confiscated. Zhou was accused of ramping the share price of Datong Coal Industry and 14 other companies between June and November last year. He did this in Datong Coal’s case by raising his bid from 10.22 a share to 10.59 a share 61 times in course of an hour during which he bid for 40 million shares, according to Shanghai Daily.
The China Securities Regulatory Commission says this was done to mislead other investors and bloat the share price. Given the Wild West ways of the Shanghai market, this seems like crushing a nut with a sledge hammer while leaving the rock nearby untouched.
China Bystander 
“Given the Wild West ways of the Shanghai market, this seems like crushing a nut with a sledge hammer while leaving the rock nearby untouched.”
One has to be careful about collateral damages. You only want to stop those you don’t want to continue. You must leave the rest of your friends and family unaffected.