The manager of No.1 Business Department of Everbright Securities was punished for trading 30 million stocks in his father’s account and losing 140000 yuan

Recently, according to the administrative punishment decision issued by the CSRC, Zhao Yang, then the general manager of Shanghai Xianxia Road Business Department of Everbright Securities, used his father’s “Zhao Mou Xun” securities account to trade a number of stocks, with an accumulated trading amount of more than 30 million yuan and a loss of more than 140 thousand yuan. In addition, Zhang Chenggang, who has successively engaged in investment banking business in Hualong securities and Hongyuan securities (later merged with Shenyin Wanguo Securities to become Shenwan Hongyuan), has used his friend’s securities account to hold and trade several stocks, with an accumulated trading amount of more than 40 million yuan and a profit of more than 4.5 million yuan. The stock speculation of securities practitioners is the red line of supervision, but it has been prohibited repeatedly. According to the previous analysis by the reporter of the Financial Association, in recent years, there have been many cases of illegal stock speculation by securities dealers and administrative penalties or administrative regulatory measures. In recent years, dozens of brokers of Datong securities have even piled up to speculate in stocks. According to the administrative punishment decision issued by the CSRC, the CSRC has investigated and tried the case of Zhao Yang’s illegal holding and trading of stocks as a securities practitioner. The investigation and trial of this case have been concluded. After investigation, Zhao Yang entered the work of Everbright Securities in 2005. From June 2007 to June 2014, Zhao Yang served as the general manager of Shanghai Xianxia Road Business Department of Everbright Securities, belonging to securities practitioners. Zhao Xiaoxun is the father of Zhao Yang. On December 17, 2009, his account was opened in Wuxing Road Business Department of GF Securities. From the opening of the account to May 8, 2014, the “Zhao Mou Xun” account has traded a number of stocks, with an accumulated trading amount of 33361192.64 yuan and a loss of 140936.88 yuan. After the Securities Regulatory Commission found out that Zhao Yang admitted that the funds of “Zhao Mou Xun” account belonged to himself and had the account number password of the account. < p > < p > the CSRC said that the above-mentioned illegal facts can be confirmed by Zhao Yang’s employment documents, relevant securities and bank account information, transaction records, exchange calculation data and relevant personnel inquiry records. As a securities practitioner, Zhao Yang’s use of his father’s “Zhao Mou Xun” account to hold and trade stocks violates the first paragraph of Article 43 of the securities law of 2005 and constitutes an illegal act mentioned in article 199 of the securities law of 2005. According to the relevant laws and regulations, the CSRC decided to impose a fine of 400000 yuan on Zhao Yang. In addition, the CSRC also investigated, tried and concluded the case of Zhang Chenggang’s illegal holding and trading of stocks as a securities practitioner. After investigation, Zhang Chenggang successively engaged in investment banking business in Hualong securities and former Hongyuan securities (later merged with Shenyin Wanguo Securities to become Shenwan Hongyuan) from March 2002 to April 30, 2015. Chen is a friend of Zhang Chenggang. “Chen’s” account was opened in China Galaxy Securities Shanghai Dalian West Road Securities Business Department on December 1, 2008. Zhang Chenggang admitted that the “Chen Maguang” account had been used by him since the account was opened. From the opening of the “Chen Maguang” account to April 30, 2015, Zhang Chenggang held and traded a number of stocks with a trading amount of 44150763.93 yuan and a profit of 4543 yuan, 70 yuan. < p > < p > the CSRC said that the above-mentioned illegal facts can be identified by evidence such as relevant securities and bank account information, transaction records, Zhang Chenggang’s appointment documents, relevant personnel inquiry records and exchange calculation data. < p > < p > the CSRC holds that Zhang Chenggang, as a securities practitioner, holds and trades stocks in the account of “Chen menguang”, which violates the provisions of the first paragraph of Article 43 of the securities law of 2005, and constitutes a person who is prohibited from participating in stock trading according to the provisions of article 199 of the securities law of 2005, directly or under an assumed name or in the name of others There are, buy and sell stocks. Therefore, the CSRC decided to confiscate the illegal income of Zhang Chenggang 4543342.70 yuan and impose a fine of 4.5 million yuan. In April this year, Jiangxi Securities Regulatory Bureau issued a decision on the administrative punishment of Zhang Tian, a former employee of Haitong Securities, Zhongshan West Road Securities Business Department, Shangrao. According to the decision, Zhang Tian’s illegal income of 591898.31 yuan was confiscated and 1183 yuan was imposed on Zhang Tian for holding and trading stocks in the name of others, He was fined 796.62 yuan, ordered to correct, given a warning and fined 300000 yuan for Zhang Tian’s behavior of privately accepting clients’ entrustment to buy and sell securities. The total illegal income of Zhang Tian was 591898.31 yuan, and the fine was 1483796.62 yuan. < p > < p > also in April this year, an administrative punishment decision letter updated on the official website of China Securities Regulatory Commission shows that Luo Bei, then deputy general manager of West Street Business Department of Shenwan Hongyuan securities in Quzhou County, conducted stock trading through actual control of “Luo’s” securities account during his term of office, in violation of Article 43 of the securities law of 2005 In accordance with the relevant provisions, the CSRC decided to confiscate Luobei’s illegal income by 16450 73.57 yuan and impose a fine of 164500 yuan. < p > < p > and in September this year, dozens of brokers of Datong Securities Co., Ltd. piled up to speculate in stocks. According to a decision on supervision and punishment issued by Fujian securities regulatory bureau at that time, Datong securities mainly lacks effective monitoring on the situation of brokers opening securities accounts. 13 employees have not cancelled their securities accounts after they have been employed for more than half a year. Among them, two employees have not cancelled their securities accounts for more than five years, and one employee has opened a securities account after entry. < p > < p > according to incomplete statistics of CFA, in the whole year of 2019, China Securities Regulatory Commission (CSRC) also issued eight administrative punishment decisions on illegal stock speculation of securities practitioners, with a minimum fine of 60000 yuan and a maximum of 20 million yuan. The securities dealers involved include Soochow securities, AVIC securities, China Securities construction investment securities, Dongguan securities, Zhejiang securities, Kaiyuan securities, Shenwan Hongyuan, Northeast Securities, etc Company. < p > < p > the case of Xin Hongwen, general manager of Suzhou Binhe Road Business Department of Soochow securities, operated his mother’s securities account. In three years, Xin Hongwen bought and sold 100 million yuan, gained 10.9873 million yuan from selling, and the book loss of the remaining shares was 47900 yuan, with a total profit of 10.9393 million yuan. The CSRC ordered Xin Hongwen to dispose of the remaining stocks illegally held in accordance with the law, confiscating his illegal income of 10.9393 million yuan and imposing a fine of 10.9393 million yuan, with a total fine of 21.8786 million yuan. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.