China Accuses Trading Firms Of Manipulating Stocks

Chinese authorities have accused securities firms of manipulating share prices and allowing improper trading during the country's market plunge, in a possible effort to deflect blame for investor losses totaling several trillion dollars.
Prices have rebounded slightly following measures including a pledge by state-owned brokerages and government pension funds to buy stocks and a ban on sales by executives and major shareholders.
Investigators have found "evidence to suspect that individual trading companies are illegally manipulating securities and futures exchanges," the police ministry said in a statement late Sunday.