The illegal short -term transaction Directors and supervisors are still the "severe disaster -stricken areas"

The problem of short -term transactions in illegal regulations on listed companies is still prominent.

On the evening of July 5th, Tianyuan shares announced that the company received the "Situation of the Stocks on the Stocks of my direct -family relative short -term trading company and the apology instructions" issued by the company's supervisor Wu Miaoqin. The amount was 30,900 yuan, and the profit was 4,500 yuan within 6 months. The transaction constituted a short -term transaction.

On the evening of the same day, Hangzhou Xiaosteen also issued an announcement saying that the company recently received the "Report on the Report and Apology Statement on the Small Transaction of the Stocks of my relatives who traded the company in the company" issued by the company's executives and Qin Bo. From the day of December 14, 2021, there was a situation of buying and selling companies stocks; Qin Bo's spouse Mao Hongwei had the situation of buying and selling companies stocks from October 26, 2021 to June 22, 2022. The above transactions constitute a short -term transaction.

According to the data of Oriental Fortune Choice, as of 7 pm on July 5, 2022, a total of 152 listed companies have issued short -term transactions since this year. The actors of short -term transactions include the listed company directors or their relatives, more than 5%of shareholders or shareholders or more. Its relatives, including 113 short -term transactions involving directors of directors and supervisors. The announcement shows that most of the short -term trading actors stated that most of them were caused by "operating errors" and "do not understand the rules".

Short -term transactions are transactions prohibited by the Securities Law. According to the provisions of Article 44 of the New Securities Law, companies that trades in other national securities trading venues approved by listed companies and shares in the State Council hold more than 5 % of the shareholders, directors, supervisors, and senior managers who hold more than 5 % of the shares. The company's stock or other equity securities sold within six months after buying, or bought it within six months after the sale. Recover its income. The directors, supervisors, senior managers, shares held by natural persons, or other equity -owned securities, including their spouses, parents, children hold and use the stocks held by other people's accounts or other equity properties Securities.

The New Securities Law has been implemented for more than two years. The regulatory authorities have repeatedly reiterated to strengthen the study of securities laws and regulations and strictly regulate stock transaction behaviors. It is stipulated that the listed company has transmitted policies to the directors and important shareholders to conduct relevant training?

"In recent years, hundreds of A -shares have a short -term trading of directors or relatives of important shareholders. Generally, the amount is small." Some staff members of the listed company said in an interview with the Securities Daily reporter.

The "Securities Daily" reporter sorted out the announcement and learned that in recent years, the phenomenon of short -term transactions of listed companies has been frequent. In 2020, a listed company issued a total of 131 announcements related to "short -term transactions". The announcement involving short -term transactions in 2021 increased four times from the previous year to 674. Compared with the same period of 2021, since this year, although the short -term transactions of listed companies have declined significantly, although the value has declined significantly, it also exceeded a hundred cases. Among them, there were 34 regulations in the single month in June, and 11 cases were disclosed in 5 days in July.

At the interview with the reporter of the Securities Daily, Lawyer Wang Zhibin, Shanghai Minglun Law Firm, said that "the director of the listed company, the controlling shareholder, and the shareholders holding more than 5%of the shareholders have information advantages, and It is better to understand that regardless of whether or not short -term transactions are profitable or not, the damage is the trust of investors to disclose the public letter of corporate information. As for the company's often said that short -term transactions have occurred due to the "error operation", this reason is to a certain extent. It also reflects the disregard and negligence of some company management and important shareholders of the rules, and if the relevant 'error operation' occurred before the insider information was not disclosed, the insider trading was also behind the "mistakes of operation". "

"Listed companies also need to increase the compliance publicity and education of directors of directors and relatives of directors, urge the" directors and supervisors "to learn the law, and to fulfill their family members' supervision and education obligations." Wang Zhibin suggested.

Reporter Cao Weixin

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