Insider trading and manipulation of the securities market are sentenced! Typical cases of securities trading crimes have been announced
In recent years, public security organs across the country have thoroughly implemented the "Opinions on Strictly Cracking Securities Illegal Activities in accordance with the Law", worked with the securities regulatory departments to severely crack down on securities trading crimes in accordance with the law, effectively safeguard market order, effectively protect the legitimate rights and interests of investors, and escort the high-quality development of the capital market. Today, the Ministry of Public Security announced five typical cases of securities trading crimes.
Insider trading case of Dong Mou and others in Beijing
In July 2022, the Beijing Municipal Public Security Bureau filed a case for investigation and investigation into the suspected insider trading case of Dong Mou and others in accordance with the law. After investigation, from August 2016 to January 2017, when Yuan was the financial director of a listed company in Beijing, he participated in the company's major asset restructuring of the company's acquisition of 100% of the equity of a technology company. During this period, Yuan leaked the above insider information to Dong, and the two agreed to jointly contribute capital and Dong would be responsible for stock trading operations. From October to December 2016, Dong used his own and his actual controlled securities accounts to buy a large amount of shares of the listed company, involving more than 23 million yuan and illegally making more than 4 million yuan in profits. In September 2022, the case-handling unit arrested Dong and Yuan.
In January 2024, the Beijing Higher People's Court made a guilty verdict on Dong and Yuan for the crime of insider trading and imposed a fine.
Shanghai Liu's transaction using undisclosed information
In June 2021, the Shanghai Municipal Public Security Bureau filed a case for investigating Liu's transaction using undisclosed information in accordance with the law. After investigation, from 2009 to 2014, Liu served as fund manager and equity investment director of two fund companies in Shanghai. During this period, Liu used his position to make decisions on trading, transaction inquiry and instruction approval authority for fund products he managed to obtain undisclosed information such as relevant fund trading subjects, order orders, transaction quantity, trading time points, etc., and used his own and his actual control securities account to trade 60 stocks in a convergent manner, with an amount involved in the case of more than 140 million yuan and an illegal profit of 2.96 million yuan.
