onlinecasinofreesignupbonus| The "rat warehouse" appears again, penalty! Strictly crack down on convergence trading stocks

Recently, the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Shenzhen Securities Regulatory Bureau") issued a fine for the investment director of a private equity firm to use undisclosed information to converge to trade stocks of about 25.24 million yuan. not only were all his illegal gains confiscated, but he was also fined the same amount.

Industry insiders pointed out that such "rat positions" have seriously damaged the fair competition environment in the stock market and caused stock price fluctuations, which has always been the focus of the regulatory authorities.

Convergent trading stocks 25.24 million

Recently, Shenzhen Securities Regulatory Bureau issued a written decision on administrative penalty to Li, investment director of Zhejiang Yinuo Investment Management Co., Ltd. (hereinafter referred to as "Yinuo Investment").

The penalty decision shows that from March 21 to June 7, 2022, there is a convergence between the two securities accounts managed by Li and the six private equity fund products (hereinafter referred to as "Yinuo Investment account Group") managed by Yi Nuo Investment Management. The total transaction amount of the two accounts is about 2524.Onlinecasinofreesignupbonus.47 million yuan, with a total profit of about 3.2654 million yuan.

In the end, the Shenzhen Securities Regulatory Bureau decided to order Li to correct, confiscate 3.2654 million yuan of illegal income and impose a fine of 3.2654 million yuan.

According to the investigation of Shenzhen Securities Regulatory Bureau, from March 13, 2020 to July 20, 2021, Yinuo Investment has successively established a number of fund products, including Yinuojin No. 3 private equity investment fund, Yinuojin No. 5 private equity investment fund, Yinuojin No. 6 private equity investment fund and Yinuoyuan No. 1 private equity investment fund.

In January 2022, Yinuo Investment agreed with Yuhui (Shanghai) Investment Management Co., Ltd., and Zhuji Tianyu Investment Management Co., Ltd., Yinuo Investment managed Yuhui steady No. 1 private equity securities investment fund and Tianyu Star No. 1 private equity investment fund, and Yinuo Investment was actually responsible for investment decisions and trading operations.

As one of the founding partners of Yinuo Investment, Li actually performs the duties of Investment Director and is mainly responsible for the daily work of Yinuo Investment.

On March 9, 2022, the Yinuo Investment decision Committee held a meeting, and after deliberation and vote by Li and other three participating members, they unanimously agreed to buy 15 million yuan of Kelu Electronics shares. The specific transaction is made by Li and his subordinate Xu before the opening of trading every day. According to the volume of the transaction, Xu alone or jointly with Li completes the order.

Therefore, Li is aware of the undisclosed information about the investment decisions and transactions of the Yinuo investment account group. Between March and May 2022, Li took two borrowed securities accounts and arranged for his subordinates to use them to trade "Kelu Electronics" shares.

The Shenzhen Securities Regulatory Bureau said that when Li used undisclosed information to implement transactions that converged with the Yinuo investment account group, his behavior violated not only the fiduciary responsibility, but also the principle of fairness in the securities market, violated the administrative order, and was illegal in administration.

Convergent trading stocks were severely cracked down

In recent years, regulators have been cracking down on the use of insider information for "convergent trading" of stocks.

In March 2024, Shanghai Securities Regulatory Bureau issued a written decision on administrative penalty to Le, the investment manager of Shanghai Beimou Investment Management Co., Ltd. (hereinafter referred to as "Shanghai Beimou").

From May 2016 to December 2017, Le controlled the use of its own securities account and Wang's securities account to conduct convergent transactions with two fund products, Bei Le No. 1 and Chang'an Bei No. 2, which it managed, according to the administrative penalty decision.

During the period, the convergent purchase amount of Le securities account was 13.5509 million yuan, and the convergent purchase profit was 162200 yuan; the convergent purchase amount of Wang securities account was 8.6369 million yuan, the convergent purchase profit was 138500 yuan, and the total profit of the two securities accounts was 300700 yuan.

In the end, the Shanghai Securities Regulatory Bureau decided to order Le to make corrections, confiscated 300700 yuan of illegal income and imposed a fine of 300700 yuan.

Industry insiders said that such "rat positions" seriously violated the professional ethics of fund managers, taking advantage of their positions and undisclosed information to trade, not only seeking illegitimate interests for themselves, but also undermining the fair competition environment in the stock market. In addition, when a large amount of money is concentrated on the convergent trading of stocks in a short period of time, it will cause abnormal fluctuations in the prices of related stocks, and then affect the stability of the whole market.

(original title: "Rat warehouse" appears again, penaltyOnlinecasinofreesignupbonus! ")

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