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as the securities industry is subject to stricter supervision, securities firm employees are frequently fined for violations.

according to incomplete statistics from china business news, as of september 17, the securities regulatory system has issued more than 120 fines involving securities company employees this year, involving more than 200 people. most of them were fined for illegal stock speculation and failure to perform their duties diligently as insurance agents.

illegal stock speculation and insurance agent failure to perform due diligence were punished

the beijing securities regulatory bureau issued two fines on the 14th. one was a warning letter to kou yue and 20 others, and the other was a regulatory talk with zhuang jiangbin. the reasons for the punishment were that securities practitioners violated regulations in stock trading. in addition to illegal stock trading, illegal lending accounts were also strictly investigated by regulators. on the same day, the beijing securities regulatory bureau decided to take administrative regulatory measures by issuing warning letters to wang gangxuan, tao jiale, han xu, dai zirui and others. many of the fined people were employees of cicc and cicc wealth, and most of the registered employees were general securities business or investment consultants.

on the 13th, the csrc also disclosed a ticket for insider trading by a securities firm employee. the ticket showed that zhao yuanjun, then an investment bank employee of everbright securities, was an insider of the major asset restructuring of xingxing technology (300256.sz), and controlled other people's accounts to illegally trade xingxing technology stocks, ultimately losing 5.3258 million yuan. the csrc fined zhao yuanjun a total of 4.6 million yuan and banned him from the securities market for 10 years.

"regulatory authorities and securities firms are very strict in investigating illegal stock trading. some securities firms even require employees to hand in their mobile phones during working hours." a person working at a securities firm told caixin that illegal stock trading is a regulatory "red line". since the beginning of this year, under the trend of strict supervision, securities firms have also been more stringent in their self-inspections of employees' illegal stock trading. reporting and verifying the accounts of employees and their families is a basic operation, and it also includes using technological means to verify whether employees have engaged in illegal stock trading, or whether their movements are consistent with the ip address of their relatives' accounts.