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a former employee of everbright securities lost 5.32 million yuan in insider trading. the china securities regulatory commission took action! a fine of 4.6 million yuan and a 10-year market ban

2024-09-15

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on september 14, the administrative penalty information disclosed by the china securities regulatory commission showed that zhao yuanjun, a former employee of everbright securities, was fined 4.6 million yuan for insider trading. at the same time, the china securities regulatory commission banned him from the securities market for 10 years.

during the ban period, zhao yuanjun shall not be allowed to continue to engage in securities business in the original institution or serve as a director, supervisor or senior manager of the original listed company or non-listed public company. he shall also not be allowed to engage in securities business in any other institution or serve as a director, supervisor or senior manager of other listed companies or non-listed public companies.

from september 17, 2018 to february 28, 2022, zhao yuanjun worked at everbright securities as a securities practitioner.

on february 25 and 28, 2020, zhao yuanjun used the securities account of "zhao moujiang" to buy a total of 1.6016 million shares of xingxing technology, with a transaction amount of 11.4122 million yuan. on august 18 and 19, 2021, zhao yuanjun sold all the xingxing technology shares he bought, with a transaction amount of 6.0959 million yuan. after calculation, the above transaction loss was 5.3259 million yuan.

during the hearing, zhao yuanjun believed that the penalty was too heavy and filed an appeal, saying that he bought into xingxing technology based on recommendations from friends and personal research, and that the transactions involved in the case were not abnormal.