The answer is no, according to Chapter III, Article 14, Paragraph 8 of the Measures for the Administration of Futures Practitioners issued by the China Securities Regulatory Commission, futures practitioners should abide by the practice standards and may not engage in futures trading in their own or others' names. The reason why futures practitioners are prohibited from buying and selling futures is mainly to prevent practitioners from using improper means to infringe on customers' interests (such as hedging, gambling, giving priority to employees' trading, etc.). ). If customers know that employees of their futures agency companies are also speculating in futures, they will generally worry about being treated unfairly, which will affect their investment and the number of customers, and eventually lead to a decrease in commission income of futures companies.
1. What are futures practitioners?
Futures is a standardized tradable contract with cotton, soybeans, oil and other bulk products and financial assets such as stocks and bonds as the subject matter. Professionals engaged in futures trading management are called futures practitioners, including managers and professionals of futures companies. Managers and professionals engaged in futures settlement business among non-futures company settlement members of the futures exchange; Managers and professionals engaged in futures investment consulting business in futures investment consulting institutions.
Futures practitioners need to pass the futures qualification examination organized by China Futures Association and apply for futures qualification through their institutions, and they need to have professional ability and practice standards.
Second, what are the penalties for futures practitioners to do futures?
It is illegal for futures practitioners to do futures and will be punished.
In accordance with the relevant provisions of the Measures for the Administration of Futures Practitioners, if futures practitioners violate laws and regulations, the China Securities Regulatory Commission shall impose administrative penalties according to law. However, those who enforce illegal orders and report to the senior management or the board of directors or the China Securities Regulatory Commission or the association in a timely manner according to the internal procedures of their institutions may be given a lighter, mitigated or exempted administrative punishment. The specific punishment measures and intensity vary according to the violations and the harm caused.