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SFC Notified Two Insider Trading Cases

2011/1/7 9:52:00 41

SFC Insider Trading Case


  

China Securities Regulatory Commission

In January 6th, two cases of insider trading were reported, which were Shanghai's North Fu group and some personal insider trading "ST Xingye" stock and Zhang Xiaojian insider trading.

SST Ji Qi

"

Stock case

The relevant responsible companies and responsible personnel shall be subject to administrative penalties according to law.


The securities and Futures Commission found that Ni Feng, Liu Chiwei, and Bei Fu group knew the inside information of ST's reorganization, and bought the "ST Xingye" stock before the insider information was open, which violated the relevant provisions of the securities law and constituted the insider trading act as described in the 202nd section of the securities law.

The SFC decided to impose a fine of 500 thousand yuan on the North Fu Group, warnings to its chairman, Qin Shaoqiu, and impose a fine of 200 thousand yuan, while the market was banned for 5 years. Ni Feng was fined 150 thousand yuan and Liu Chi Wei was fined 30 thousand yuan.


In Zhang Xiaojian's insider trading "SST Ji Qi" stock case, Zhang Xiaojian was fined 600 thousand yuan, and the SFC also ordered it to deal with "SST Ji Qi" stock in accordance with the law, and if it had illegal gains, it would be confiscated.


At the press conference held on the same day, the SFC also announced the punishment result of illegal information disclosure by Sichuan Jinding and Warren group.

Among them, Sichuan Jinding warned, and imposed a fine of 300 thousand yuan.

The head of the relevant departments of the SFC said that the SFC will continue to strengthen supervision, continuously improve the timeliness and information disclosure quality of listed companies, and seriously investigate and punish cases of illegal disclosure of information, enhance the level of credibility of the market, and effectively protect the legitimate interests of investors.


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