1. Article 43 of the Securities Law stipulates: "Employees of stock exchanges, securities companies, securities registration and settlement institutions, staff of securities supervision and administration institutions, and other personnel prohibited from participating in stock trading by laws and administrative regulations shall not hold, buy or sell stocks directly or under a pseudonym or in the name of others, or accept stocks donated by others during their term of office or within the statutory time limit."

Two, the provisions of the state can not buy and sell stocks:

1, securities practitioners

2, cadres of state organs at or above the division level

3. Soldiers

The above-mentioned personnel are not allowed to participate in stock trading, but they can open fund accounts and buy and sell funds and bonds.

1. People's Republic of China (PRC) Criminal Law Amendment (VII)

The first paragraph of Article 180 of the Criminal Law is amended as: "Anyone who knows inside information about securities and futures trading or who illegally obtains inside information about securities and futures trading buys or sells securities, or engages in futures trading related to the inside information, or divulges the information, or discloses securities and futures trading or other information that has a significant impact on the trading price of securities and futures before the issuance of securities, and the circumstances are serious. If the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall be fined not less than one time but not more than five times the illegal income. "

2. One paragraph is added as the fourth paragraph: "Employees of financial institutions such as stock exchanges, futures exchanges, securities companies, futures brokerage companies, fund management companies, commercial banks, insurance companies, and staff of relevant regulatory departments or industry associations use other undisclosed information other than insider information obtained by taking advantage of their positions to engage in securities and futures trading activities related to this information in violation of regulations, or express or imply that others engage in related trading activities, and the circumstances are serious.

The Supreme People's Procuratorate and the Ministry of Public Security issued "Provisions of the Supreme People's Procuratorate and the Ministry of Public Security on the Standards for Criminal Cases under the Jurisdiction of Public Security Organs (II)".

3. Article 36 Employees of financial institutions such as stock exchanges, futures exchanges, securities companies, futures companies, fund management companies, commercial banks and insurance companies, as well as staff of relevant regulatory departments or trade associations, use other undisclosed information other than inside information obtained by taking advantage of their positions to engage in securities and futures trading activities related to this information in violation of regulations, or clearly.

(a) the cumulative turnover of securities transactions is more than 500 thousand yuan;

(2) The accumulated amount of margin occupied by futures trading is more than 300,000 yuan;

(3) The accumulated amount of profit and loss avoided is more than150,000 yuan;

(4) repeatedly using other undisclosed information other than inside information for trading activities;

(five) other serious circumstances.

People's Republic of China (PRC) Securities Law

Article 43 Employees of stock exchanges, securities companies, securities registration and settlement institutions, staff of securities supervision and administration institutions, and other personnel who are prohibited from participating in stock trading by laws and administrative regulations shall not hold or buy or sell stocks directly or under a pseudonym or in the name of others during their term of office or within the statutory time limit, and shall not accept stocks donated by others.

When becoming a person listed in the preceding paragraph, the shares already held by him must be transferred according to law.

Article 199 Where a person who is prohibited by laws and administrative regulations from participating in stock trading holds or buys or sells stocks directly or under an alias or in the name of another person, he shall be ordered to dispose of the illegally held stocks according to law, confiscate his illegal income and impose a fine of less than the equivalent value of buying or selling stocks; Those who belong to state functionaries shall also be given administrative sanctions according to law.

People's Republic of China (PRC) Securities Investment Fund Law

Article 18 The directors, supervisors, managers and other employees of a fund manager shall not hold the post of fund custodian or other fund managers, nor engage in securities trading or other activities that harm the interests of fund property and fund share holders.

Article 97 If a fund manager of a fund custodian or an employee of a special fund custody department violates the provisions of Article 18 of this Law and causes damage to the fund property or fund share holders, he shall be liable for compensation according to law; If the circumstances are serious, the qualification of fund practice shall be cancelled; If a crime is constituted, criminal responsibility shall be investigated according to law.