Everbright Securities announced on June165438+1October 14 and received the "Decision on Administrative Punishment" from the CSRC. Because of the "816 incident", he was fined 523 million yuan for trading with inside information. The four responsible persons were each fined 600,000 yuan and banned from the market, and the secretary-general was fined 200,000 yuan.
The CSRC's decision on administrative punishment shows that according to the relevant provisions of the Securities Law of People's Republic of China (PRC) and the Regulations on the Administration of Futures Trading, the China Securities Regulatory Commission initiated an investigation and trial of the company's illegal insider trading, and informed the parties concerned of the facts, reasons, basis and rights they enjoyed according to law, and submitted them to the parties concerned. The case has been investigated and the trial has ended. It was found that according to the provisions of Item (8) of Paragraph 2 of Article 75 of the Securities Law and Item (11) of Article 82 of the Regulations on the Administration of Futures Trading, "Everbright Securities used the strategic trading system to buy a huge share of 180 ETF, and actually traded 7.27 billion yuan" as inside information. Everbright Securities converted its shares into180tf and 50tef on the afternoon of August13, and sold them. On the afternoon of August 16, it sold short stock index futures contracts IF 1309 and if13/kloc-. Xu is the directly responsible person in charge, while Yang Chizhong, Shen and Yang Jianbo are other directly responsible personnel.
According to Article 202 of the Securities Law and Article 70 of the Regulations on the Administration of Futures Trading, the China Securities Regulatory Commission decided: 1, confiscate the illegal income from insider trading of Everbright Securities ETF 13070806.63 yuan, and impose a fine of 5 times the illegal income; 74 14347 1.45 yuan, the illegal gains from insider trading of stock index futures of Everbright Securities, were confiscated, and a fine of 5 times the illegal gains was imposed.
The above two fines totaled 523,285,668.48 yuan.
Xu, the person in charge who is directly responsible for the insider trading of Everbright Securities ETF, and other directly responsible personnel Yang Chizhong, Shen and Yang Jianbo were given warnings respectively and fined 300,000 yuan; Xu, the person in charge directly responsible for insider trading of stock index futures of Everbright Securities, and Yang Chizhong, Shen and Yang Jianbo, the other persons directly responsible, were given warnings and fined 300,000 yuan. The above two fines totaled 600,000 yuan per person.
In addition, the China Securities Regulatory Commission issued the Decision on Market Prohibition, which decided to ban Xu, Yang Chizhong, Shen and Yang Jianbo, who are responsible for insider trading, from entering the securities market and futures market for life. In the administrative penalty decision, China Securities Regulatory Commission ordered Mei Jian, then secretary of the board of directors, to make corrections and imposed a fine of 200,000 yuan.