On September 9, 2020, it can be seen from the court announcement that the results of the second trial of Huabao Industrial Fund Manager have come out. The defendant used undisclosed information to trade, was found guilty, sentenced to five years in prison and returned more than 30 million yuan of illegal income.
With the conclusion of the case, the ins and outs of this huge case have also been made public. Three years, 3 billion convergence transactions, 9 related accounts, 188 stocks,1.1.400 million profits have also become the key words of this case. Investment is risky. Ordinary people lose their money when they buy stocks carelessly, and fund managers make a lot of money by using investment information.
Recommend stocks to my father and husband during my tenure.
In this case, the defendant Jiang served as the fund manager of Huabao Industrial Fund from July 20 10 to August 20 13. In three years, his family earned about10 million yuan by operating stocks.
Jiang's father, as a direct relative of the fund manager, can't hold a stock account, so he trades under the guise of his relative Huang's account. Every time Jiang goes home, she sometimes recommends a few stocks, or writes down the stocks she thinks are better and gives them to her father.
Looking at Huang's account, it is not difficult to find that he has 89 transactions in the same fund, with a transaction amount of more than 200 million yuan and an illegal profit of more than 5 million yuan.
Besides, Jiang's husband, Wang, has never worked since Jiang took office. He trades in the stock market by holding other people's securities accounts. Found as many as eight accounts. Jiang recommended the stocks he bought to Wang orally or in writing, or communicated with her husband the details of the fund positions he held, and once asked her husband to follow him to the listed company for inspection. In just three years, Wang made a profit of 654.38+0.08 billion yuan through stock trading.
The illegal act was finally caught.
After the incident, Jiang surrendered himself to Qingdao Public Security Bureau and was arrested at the end of April. However, during the trial, Jiang claimed that he did not know that his father and husband were trading stocks. On the other hand, he called the disclosed trading information the communication of daily life, and only disclosed the fundamental information of the stock, which did not involve the trading situation of Huabao Xingye, so it was not undisclosed information. All of the above are summed up by Jiang as not rigorous in life, but subjectively not for profit.
But in fact, the court found that during his tenure at 20 1 1-20 13, among the nine accounts controlled by his father and husband, the convergent transactions reached more than 80%, but after his resignation, they dropped to less than 30%, and some accounts even reached 0, which fully showed that he used the internal information during his tenure to make his family have a destination.
Because Jiang had some confessions and his family returned some illegal income during the second trial, the case was given a lighter punishment and was finally sentenced to five years in prison.
Financial practitioners manipulate trillions of dollars every day, which naturally leads to the rise and fall of stock prices in the stock market. But because of this, practitioners should have strict professional ethics standards, be strict with themselves and be less tempted by money, otherwise once they fall into the trap of money, they will not only lose their future, but also be jailed.