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Why is proprietary trading of stock index futures illegal?
According to the second paragraph of Article 74 of the Regulations on the Administration of Futures Trading, it is illegal for any unit or individual to buy or sell futures on its own and manipulate futures trading prices, which affects futures trading prices or futures trading volume. The illegal income is confiscated and a fine of 1 times and less than 5 times is imposed. If there is no illegal income or the illegal income is less than 200,000 yuan, a fine ranging from 200,000 yuan to 6,543.8+0,000 yuan shall be imposed.