Chapter 65: Buying
Tamsui Fund Company, which should have all the certificates, needs to have experienced licensees to help supervise, Ye Dongqing also spent money to find one, and he needs to pay a full price of 200,000 US dollars every year, without the other party doing anything, he can get the money while lying at home.
As a public fund, taking money from investors to invest is no problem and is legal.
The illegality lies in the fact that the freshwater fund does not have the ability to perform the contract, although it stipulates the "principal preservation" and the "annualized percentage 7.5%, 8%" rate of return, but in fact, there is no guarantee that it will be able to perform.
Ye Dongqing knows that he can make money by investing, but the people in the regulatory department don't know about it, judging from the current situation, his company has no margin, and second, it has not invested in many low-risk treasury bonds, bank deposits, etc., like ordinary capital guaranteed funds, which cannot prove that it has the characteristics of capital preservation and stable and high returns.
This is a violation of the regulations, as long as it is found by the regulatory authorities, fines, rectification, and if someone wants to make a big deal, they may even face jail time.
That's why Director Vigo looked worried.
She is not worried about Ye Dongqing, but she is worried that her financial license will be revoked, and it is right to have that exemption agreement, but the association may not recognize that paper, and there is still an extremely high risk.
When it comes to the U.S. Securities and Exchange Commission, it is not easier to deal with those guys than it is to deal with a shrewd lawyer, in fact, Ye Dongqing also knows that it is a matter of time before he gets burned, but in order to make quick money in a short period of time, he is willing to take this risk.
General fund companies manage assets for users, and then make money through trading commissions and management fees. It means that the investment results, whether they make or lose, have little to do with the fund company, anyway, the commission has long been in the pocket, so even if they encounter a financial crisis, they will only lose the "cow", and they can continue to start again if they regroup and change companies.
Freshwater Fund is different, the wealth management products it launches are like bank fixed deposits, more like "bonds" issued in the name of the company, and then the interest is agreed and the money is invested by itself.
There is a big difference between the two, Ye Dongqing is indeed operating in violation of regulations, and now he will see when he will be discovered, delay one day is one day, and wait until he earns enough capital, maybe he can make up the margin, or directly pick a child, let the freshwater fund close its business, and return the customer funds with interest.
It is more likely that after paying the fine, it will transform into a fund company with normal operations, and promote wealth management products to customers according to floating profits and losses, which will lose a lot of customers and greatly reduce its attractiveness.
This kind of practice is similar to a gang of rogue companies, such as ZARA, a well-known fast-selling clothing brand, which tirelessly copied the new season products of major brands, sometimes hitting the market earlier than the original product, and then others sued it and then slowly sued it, and the thing continued to sell.
In the end, the money compensated may only be one-tenth of the profit, and it will become bigger and bigger.
Now Ye Dongqing is playing hooligan, he specifically asked a law firm, this level of punishment for violations is not strong, of course, on the premise that there is no loss of investors' interests.
Compared with the punishment, the profit is very considerable, a few days ago, I worked hard to help the old man launder money only made so much money, after starting to operate a freshwater fund company, almost six million US dollars, most of which exist in the form of book wealth, and the bank robbery has not done this kind of low-cost business to make money quickly.
After hearing Ms. Vigo's words, he did not show any worries or fears, only worried that he would lose his job so early.
Tentatively asked, "How do they know, what did you tell them?"
"What can I say?! Hide it for you, tell the other party that the new boss is strong and willing to spend money to come in and play, they don't know that we don't have a margin, and we haven't invested in any safe low-risk assets!"
"Nonsense, I didn't invest a million dollars in Treasury bonds. ”
Ye Dongqing's joke undoubtedly added fuel to the fire, Ms. Vigo was already flustered, but now she is even more annoyed, and she regrets following the thief ship, and now it is difficult to get rid of the relationship.
The thought was written on his face, and he saw it.
Worried that others would not find out, he would be stabbed in the back by the company's employees first, and use the method of reporting to get himself out.
After thinking about it and weighing the pros and cons, he whispered: "I read a sentence in the book, if an employee chooses to betray, it must be because the boss is reluctant to give more chips, as long as the company survives the end of this year, I will put a million dollars into the bank you designated."
Besides, I'll give you a job for at least twenty years, with a salary that's only higher than it is now, and so far as the two of us know about it, and agree to make this deal?"
Ms. Vigo didn't expect this, she didn't understand why Ye Dongqing gave her money for a while, she was an extremely smart woman, she quickly figured out something, took a deep breath, and dropped the sentence: "Not very old, but more cunning than I imagined." ”
After saying that, he left, not dragging mud and water at all.
Ye Dongqing looked at her back, smiled happily, and guessed that most of them had agreed, she was not so charming, and let employees take risks and be willing to work hard for themselves, but the dollar bills were innocent, and those papers printed with ink were quite charming.
did not climb to a high position, whether it was the money or the job, the temptation for Ms. Vigo was not small.
You know, she is no longer a young woman, it is difficult to say whether she will be able to earn a million dollars in the next ten years, who wants to work for others at the age of fifty, and worry about whether she will lose her job every day?
A deal was reached under the noses of other employees, and all Director Vigo needed to do was to help Ye Dongqing maintain this illegal wealth management product until the end of the year, with more than half of the time left to avoid being targeted by the subordinate agencies of the Securities and Exchange Commission.
Laura was so entangled that her eyebrows were furrowed, and her white face was full of distress.
Just a few minutes ago, Ye Dongqing, who was in a very good mood, said that he would take her shopping and wait until after work today.
Originally, she thought that this guy was thinking about herself, but she had been living together for more than ten days, and nothing had happened, and she did not show any explicit or implicit expression.
However, today she suddenly asked herself to go shopping again, in this country where inviting a glass of wine is a hint, she will inevitably make a few more detours and think of other things - after she is full of wine and food, is it starting to be a tadpole in her head.
Speaking carefully, Laura was actually a little angry, during the time she lived together, she began to question her appearance for the first time, otherwise how could she explain Ye Dongqing's upright and gentlemanly behavior?
At first glance, it looks inconspicuous, but after knowing each other for so long, she has recently begun to think that Ye Dongqing is a little cool, or very smart, and she has begun to have some expectations for tonight......