Author:Cool and cool
Source: GPLP Rhino Finance (ID:gplpcn)
On July 8, the trial Information Network of Beijing Court disclosed the Criminal judgment of the first instance of Xiao Hongbin on the use of undisclosed Information.Citic Construction InvestmentXiao Hongbin, investment manager of the Securities and Exchange Department and debtor of Hongtairan Investment Consulting Co., Ltd., was sentenced to one year in prison, suspended for one year, and fined 561600 yuan, and confiscated 280800 yuan of illegal gains, totaling 842400 yuan.
Source: Beijing Court trial Information Network
According to the judgment, Xiao Hongbin, born in Dalian, Liaoning Province on December 9, 1978, is a master's degree student. He is the head of Beijing Hongtairan Investment Consulting Co., Ltd., and was the investment manager of CSC FINANCIAL CO.,LTD 's trading department.
Xiao Hongbin made use of the undisclosed information on the investment decision, time, target, and quantity of stocks in the account No. 4 of the trading department managed by Xiao Hongbin to buy or sell the same stocks before or during the same period in the account No. 4 of the trading department under his management. a total of 70 stocks were converged, with a converging transaction amount of 81.3842 million yuan and a profit of 280800 yuan.
Relevant legal provisions
Article 180 of the Criminal Law of the people's Republic of China: persons who are informed of inside information on securities trading or who illegally obtain inside information on securities trading, before the issuance, trading or other information that has a significant impact on the price of securities is made public, if the circumstances are serious, the offender shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention. Concurrently or separately impose a fine of not less than one time and not more than five times the illegal gains. If the circumstances are especially serious, the offender shall be sentenced to fixed-term imprisonment of not less than five years and not more than ten years, and concurrently be sentenced to a fine of not less than one time and not more than five times the illegal gains.
Article 43 of the Securities Law: employees of stock exchanges, securities companies and securities registration and settlement institutions, staff of securities regulatory institutions and other persons prohibited by laws and administrative regulations from participating in stock trading shall not, during their term of office or within the legal time limit, hold, buy or sell stocks directly or in the name of others, nor accept shares donated by others. When anyone becomes a person listed in the preceding paragraph, the shares already held by him or her must be transferred according to law.
Article 199 of the Securities Law: any person who is prohibited by laws or administrative regulations from holding, buying or selling stocks directly or under a pseudonym or in the name of another person shall be ordered to deal with the stocks illegally held according to law, and the illegal gains shall be confiscated, and a fine of less than the equivalent value of the stocks shall be imposed; if he is a state functionary, he shall also be given administrative sanctions in accordance with the law.