The first case of the coupon staff illegally fry convertible bonds: borrowing the mother's account transaction, no 400,000 were punished

Zhongxin Jingwei, August 18 (Ma Jing intern Chen Shiqing) also operated violated the regulations of the lessene. Recently, the Qingdao Securities Regulatory Bureau disclosed an administrative penalty: Guojin Securities Investment Consultant Chen Moumou was fined more than 400,000 yuan for illegal trading securities. This is also the first administrative penalty case of hype convertible bonds.

According to the information announced by the Qingdao Securities Regulatory Bureau, Chen Moumou joined Guojin Securities in July 2009, and successively served as the client manager post, service manager post, and investment consultant post. Chen Moumou obtained a general securities business qualification certificate on April 28, 2010, and on August 22, 2018 obtained the securities investment consulting (investment consultant) qualification certificate. According to the information of the China Securities Association, Chen Moumou has only experience in the job of Guojin Securities, and the current position is currently working, which means that Chen Moumou has been in his career for 13 years.

Chen Moumou's mother, Zhou Moumou, opened the capital account 700 ** 410 and a credit fund account 170 *** 410 in the business department of Wusheng Street, Chengdu, Guojin Securities in January 2010 and July 2014. Among them, the Shanghai Securities Account A26 **** 316, Shenzhen Securities Account 013 **** 012; *819 (hereinafter referred to as Zhou Moumou's securities account).

Administrative penalties show that Chen Moumou controlled his mother Zhou Moumou's securities account from March 16, 2017 to July 14, 2020, and 1456 stock transactions were entrusted by stock, from March 1st to 2020, 2020, 7, 2020 During the month of the 14th, 9 convertible bonds were entrusted with transactions. During the period, the total transaction value was about 23.1597 million yuan, and the total profit amount was 209,400 yuan (tax and fees for commission) were deducted.

Because Chen Moumou violated Article 40 of the Securities Law, Article 40 of the Securities Law "not directly or in the name of a pseudonym, holding it in the name of others, buying and selling stocks, or other equity securities", the Qingdao Securities Regulatory Bureau ordered Chen Chen to order Chen Chen Some of the stocks and other equity securities that handle illegal shares and other equity in accordance with the law confiscate illegal income of 209,400 yuan and fined 200,000 yuan.

Since the beginning of this year, the Securities Regulatory System has disclosed a number of cases of securities employees in violation of regulations, some who have personally ended or used their family account stocks, some privately -owned stocks, and also used inside information transactions. There is no punishment for the light.

Chen Moumou belongs to the typical use of family membership accounts, but different from before, Chen Moumou's case is the first case involving convertible bonds in the administrative penalty of the securities supervision system. Article 2 of the "Administrative Measures for Convertible Corporate Bonds" passed on December 30, 2020 clearly states that "convertible bonds refer to corporate bonds that can be converted to the company's stock according to law and within a certain period of time according to law. It belongs to the securities of the "Securities Law" with equity nature. "

In addition, it is important to pay attention to the issuance of multiple transaction regulations on the problem of convertible bond speculation this year to strengthen risk management and control. At the end of July, the Shanghai and Shenzhen Exchange issued the implementation rules for the transaction of convertible corporate bonds and the guidance of related self -discipline supervision. In addition to improving business specifications and information disclosure behaviors such as listing and listing, conversion, redemption, and returning of convertible bonds. Strictly made the corresponding institutional arrangements for strict short -term transaction supervision, compacting intermediary liability, and strengthening risk prompts. According to the recent release of the Shanghai Stock Exchange, from August 1st to 5th, the Shanghai Stock Exchange continued to conduct key monitoring of convertible bond transactions. Wait for regulatory measures.

(For more report clues, please contact the author Ma Jing, mailbox: [email protected]) (Zhongxin Jingwei APP)

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

Editor in charge: Luo Yan

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