Former employees of the Yangtze Securities Solutions Sumulating Company violated stocks in violation of regulations and were fined 1 million

According to the news on July 21, the Red Star Capital Bureau reported that yesterday, the China Securities Regulatory Commission Ningbo Regulatory Bureau issued a decision on the administrative penalty of investment bank staff illegal stocks, and Jin Mou, involved, was fined 1 million yuan.

The decision shows that Jin Mou worked in Changjiang Securities underwriting sponsor Co., Ltd. from July 5, 2017 to December 15, 2020 to engage in investment banking business. In May 2020, Jin believed that Rongfeng Holdings (000668.SZ) had the possibility of reorganization. It was suggested that his friend Li Mou bought Rongfeng Holdings. After discussion between the two, Li also helped Jin to buy Rongfeng Holdings.

From May 18th to 19th, 2020, Li helped Jin to buy Rongfeng Holdings 105,000 shares, and all sold it on June 12 of the same year. After deducting the transaction tax and fees, Jin made a profit of 10.49 million yuan. The Red Star Capital Bureau noticed that from May 18, 2020 to June 12, 2020, Rongfeng Holding stock price increased by 82.51%.

The Ningbo Securities Regulatory Bureau believes that Jin used Li to buy and sell stocks in the name of Li, which constituted the prohibited persons stipulated in the relevant laws and regulations from participating in shares transactions. 1 million yuan.

According to the China Fund, in the first half of this year, a total of 212 fines of the securities industry (including securities firms and practitioners) issued by the regulatory authorities, involving 170 practitioners.

Red Star News reporter Yu Yao Intern Reporter Tang Jian

Edit Yu Dongmei

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