Core Viewpoint - The recent penalty for insider trading highlights the strict enforcement of regulations against such practices, emphasizing that any involvement in insider trading, regardless of intent, will lead to severe consequences [1][2]. Group 1: Insider Trading Penalty Case - A recent case involved an individual, Li, who was penalized for insider trading after using confidential information overheard in the office to trade shares of Qitian Technology, resulting in a profit of 260,000 yuan from a 300,000 yuan investment [1]. - The argument of unintentional information acquisition was rejected, reinforcing the principle that insider trading must be punished to maintain market integrity [1][2]. Group 2: Legal Framework and Enforcement - The law defines insider trading based on objective criteria, meaning that knowledge of insider information and subsequent trading constitutes a violation, regardless of the individual's intent [2]. - The regulatory body aims to maintain market fairness by imposing high penalties on violators, as the current legal framework has already increased the costs associated with insider trading [2]. Group 3: Broader Implications and Responsibilities - The responsibility to combat insider trading extends beyond regulators; ordinary investors must be cautious of insider information and avoid engaging in unethical trading practices [3]. - Companies are encouraged to implement strict information confidentiality protocols to prevent internal misconduct, while intermediaries should maintain independence to avoid facilitating insider information leaks [3].

Core Viewpoint - The recent penalty for insider trading highlights the strict stance of regulatory authorities against such practices, emphasizing that any involvement in insider trading, regardless of intent, will lead to severe consequences [1][2]. Group 1: Insider Trading Penalty Case - A recent case involved an individual, Li, who was penalized for insider trading after using confidential information overheard in the office to trade shares of Qitian Technology, resulting in a profit of 260,000 yuan from a 300,000 yuan investment [1]. - The regulatory body asserts that insider trading poses significant risks to market integrity and investor interests, necessitating strict penalties to uphold market fairness [1][2]. Group 2: Legal Framework and Enforcement - The law defines insider trading based on objective criteria, where knowledge of insider information and subsequent trading constitutes a violation, regardless of the individual's intent [2]. - The regulatory framework has increased the costs associated with insider trading violations, yet some individuals still take risks due to the potential rewards [2]. Group 3: Recommendations for Improvement - Continuous enhancement of monitoring systems using big data to detect abnormal trading patterns and information dissemination is essential for identifying hidden operations [2]. - Establishing a comprehensive accountability chain is crucial, which includes not only punishing direct traders but also holding accountable those who leak information or facilitate trades [2]. - Implementing civil compensation mechanisms for affected investors through collective lawsuits can ensure that violators face significant penalties while victims receive appropriate compensation [2]. Group 4: Broader Responsibilities - Ordinary investors should remain vigilant against the allure of insider information and refrain from engaging in gray market transactions [3]. - Listed companies must enforce strict information confidentiality protocols to prevent internal misconduct [3]. - Intermediary institutions are urged to maintain independence and professionalism to avoid becoming complicit in the leakage of insider information [3].

2025.09.07 行政处罚决定书显示，宁波证监局对李君刚内幕交易行为进行了立案调查，发现李君刚在办公室门口听 到了内幕消息，后操作其亲属账户买入"旗天科技"股票，成交金额约30万元，在内幕交易敏感期内盈利 26万元。宁波证监局决定对李君刚没收违法所得26万元，并处以80万元的罚款。 图据处罚决定书 行政处罚决定书披露了内幕信息的形成和公开情况。2022年至2023年初，旗天科技寻找定向增发的合作 方。 2023年第四季度，七彩虹皓悦实际控制人万某和旗天科技控股股东的投资负责人韩某沟通时，提到希望 找一个上市公司平台，能将自己的部分产业上市。 2024年春节前后，韩某找到万某，提出旗天科技想要寻找一个新的股东，双方开始接触洽谈。 本文字数：1650，阅读时长大约3分钟 宁波证监局日前更新披露的一则行政处罚决定书，指向内幕信息交易。 2024年4月15日，李君刚在办公室门口听到韩某和万某谈论定增合作事项，并于2024年4月29日操作其亲 属刘某某名下银河证券账户买入"旗天科技"72800股，成交金额303395元。经计算，"刘某某"账户在内 幕交易敏感期内盈利260022.03元。 上述事实，有相关公告、证券 ...

图据处罚决定书 行政处罚决定书披露了内幕信息的形成和公开情况。2022年至2023年初，旗天科技寻找定向增发的合作方。 2025.09. 07 本文字数：1650，阅读时长大约3分钟 宁波证监局日前更新披露的一则行政处罚决定书，指向内幕信息交易。 行政处罚 决定书显示，宁波证监局对李君刚内幕交易行为进行了立案调查，发现李君刚在办公室门口听到了内幕消息，后操作其亲属账户买入"旗天科 技"股票，成交金额约30万元，在内幕交易敏感期内盈利26万元。宁波证监局决定对李君刚没收违法所得26万元，并处以80万元的罚款。 2023年第四季度，七彩虹皓悦实际控制人万某和旗天科技控股股东的投资负责人韩某沟通时，提到希望找一个上市公司平台，能将自己的部分产业上 市。 2024年春节前后，韩某找到万某，提出旗天科技想要寻找一个新的股东，双方开始接触洽谈。 2024年4月15日，韩某和万某见面商讨收购旗天科技的相关事项。双方达成了旗天科技采用定向增发的方式来引入万某控制的七彩虹方面有关产业的 意向。 2024年4月18日，韩某向万某发送《战略合作框架协议》，该协议约定万某或万某指定主体为旗天科技定向增发的对象，并推动万某成为旗天科技 ...

Core Viewpoint - The Ningbo Securities Regulatory Bureau has issued a penalty for insider trading involving Li, who profited approximately 260,000 yuan by trading shares of Qitian Technology after overhearing insider information [1][9]. Group 1: Insider Trading Incident - Li overheard discussions about a potential partnership between Qitian Technology and another company while at the office, leading to trades made through a relative's account [1][7]. - The total transaction amount for the shares purchased was around 303,395 yuan, with a profit of 260,022.03 yuan during the insider information sensitive period [7][9]. - The insider information was deemed to have formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [7][9]. Group 2: Company Developments - Qitian Technology was seeking partners for a private placement from 2022 to early 2023, with discussions about finding a public company platform for part of its industry [3][4]. - On April 15, 2024, discussions between Qitian Technology's investment head and the actual controller of Qicaihong led to a strategic cooperation framework agreement for a private placement [4][6]. - Following the announcement of the private placement, Qitian Technology's stock price surged over 100% within a week, rising from 4 yuan per share to a peak of 9.37 yuan [9]. Group 3: Regulatory Actions - The Ningbo Securities Regulatory Bureau found Li's actions to be in violation of the Securities Law, leading to a penalty that included the confiscation of illegal gains and a fine of 800,000 yuan [9][14]. - The calculation of illegal gains was confirmed to be accurate, adhering to regulatory practices, and Li's claims of not intentionally seeking insider information were not accepted [14].

Core Viewpoint - The article discusses a case of insider trading involving Qitian Technology, highlighting the consequences faced by an individual who profited from confidential information regarding the company's stock issuance plans [2][15]. Group 1: Event Review - The incident traces back to early 2023 when Qitian Technology sought partners for a private placement [4]. - On April 15, 2024, discussions between key stakeholders led to an agreement for Qitian Technology to introduce a new major shareholder through a private placement [6]. - The insider information was deemed to have formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [7]. Group 2: Insider Trading Details - On April 15, 2024, an individual overheard discussions about the private placement and subsequently bought shares of Qitian Technology [9]. - On April 29, 2024, the individual purchased 72,800 shares for approximately 303,395 yuan, which later resulted in a profit of 260,022.03 yuan as the stock price surged over 100% following the public announcement [10][12]. - The stock price increased from 4 yuan per share to a peak of 9.37 yuan per share within a week after the announcement [12]. Group 3: Regulatory Response - The Ningbo Securities Regulatory Bureau initiated an investigation into the insider trading activities of the individual [15]. - The individual argued that the information was overheard accidentally and claimed the profit calculation was incorrect, but the regulatory body upheld the findings and penalties [16][19]. - Ultimately, the individual was fined 800,000 yuan and had their illegal gains of 260,022.03 yuan confiscated [20].

作者：刘艺文 李某辩称其并非故意刺探获取内幕信息，只是偶然听到了相关谈话。至于使用亲属账户买股票，李某表 示，是为了通过炒股获益补贴亲属。 近日，宁波证监局公布了一则有关内幕交易的罚单。罚单内容显示，李某在办公室门口听到了内幕消 息，后面便操作其亲属账户买入"旗天科技"股票，成交金额约30万元，盈利26万元。 罕见！办公室门口听到内幕，买入股票大赚……罚单来了！ 在办公室门口听到内幕消息 依据证券法的有关规定，宁波证监局对李某内幕交易行为进行了立案调查，并依法向当事人告知了作出 行政处罚的事实、理由、依据及当事人依法享有的权利。宁波证监局应当事人李某的要求，于2025年8 月8日举行了听证会，听取了李某代理人的陈述和申辩。当事人李某未到场参加听证。本案现已调查、 办理终结。 2024年7月26日，旗天科技发布《2024年度向特定对象发行股票预案》等公告，披露旗天科技向七彩虹 皓悦定向发行公司股份，发行股票完成后，七彩虹皓悦将成为旗天科技的控股股东，万某将成为旗天科 技的实际控制人。 上述事项属于证券法第八十条第二款第八项、第九项规定的重大事件。根据证券法第五十二条的规定， 该事项在公开披露前属于内幕信息。该内 ...

近日，宁波证监局公布了一则行政处罚决定书，揭露了一起颇具戏剧性的内幕交易案。李君刚在办公室门口偶然听到关于旗天科技定增的内幕信息后，操 作亲属账户买入该股票，成交金额约为30万元，最终盈利约26万元。 在办公室门口听到定增合作事项 内幕交易获利超26万元 据行政处罚决定书披露，2023年第四季度，深圳市七彩虹皓悦科技有限公司（以下简称七彩虹皓悦）实际控制人万某和旗天科技控股股东的投资负责人韩 某沟通时，提到希望找一个上市公司平台，能将自己的部分产业上市。 2024年4月15日，韩某和万某见面商讨收购旗天科技的相关事项。双方达成了旗天科技采用定增的方式来引入万某控制的七彩虹方面有关产业的意向。 2024年7月26日，旗天科技发布《2024年度向特定对象发行股票预案》等公告，披露旗天科技向七彩虹皓悦定向发行公司股份，发行股票完成后，七彩虹 皓悦将成为旗天科技的控股股东，万某将成为旗天科技的实际控制人。 宁波证监局决定，对李君刚没收违法所得约26万元，并处以80万元的罚款，合计罚没金额超106万元。 | 索 引 号 | bm56000001/2025-00010273 | સ્ટે 类 | 行政执法;行政处罚决定 ...

宁波证监局日前更新披露的一则行政处罚决定书，指向内幕信息交易。 行政处罚决定书显示，宁波证监局对李君刚内幕交易行为进行了立案调查，发现李君刚在办公室门口听 到了内幕消息，后操作其亲属账户买入"旗天科技"股票，成交金额约30万元，在内幕交易敏感期内盈利 26万元。宁波证监局决定对李君刚没收违法所得26万元，并处以80万元的罚款。 在办公室门口听到内幕消息 行政处罚决定书披露了内幕信息的形成和公开情况。2022年至2023年初，旗天科技寻找定向增发的合作 方。 2023年第四季度，七彩虹皓悦实际控制人万某和旗天科技控股股东的投资负责人韩某沟通时，提到希望 找一个上市公司平台，能将自己的部分产业上市。 2024年春节前后，韩某找到万某，提出旗天科技想要寻找一个新的股东，双方开始接触洽谈。 2024年4月15日，韩某和万某见面商讨收购旗天科技的相关事项。双方达成了旗天科技采用定向增发的 方式来引入万某控制的七彩虹方面有关产业的意向。 2024年4月18日，韩某向万某发送《战略合作框架协议》，该协议约定万某或万某指定主体为旗天科技 定向增发的对象，并推动万某成为旗天科技第一大股东及新的实际控制人。 2024年4月19日 ...

Core Viewpoint - The Ningbo Securities Regulatory Bureau has imposed a penalty on Li for insider trading, where he profited 260,000 yuan by trading shares of Qitian Technology based on non-public information overheard in a conversation [1][3]. Group 1: Insider Trading Incident - Li overheard a conversation about a potential capital increase involving Qitian Technology on April 15, 2024, and subsequently traded shares through a relative's account on April 29, 2024, resulting in a profit of 260,000 yuan [2][3]. - The insider information was deemed to have been formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [2]. Group 2: Regulatory Actions - The Ningbo Securities Regulatory Bureau conducted an investigation and held a hearing on August 8, 2025, where Li's defense was presented, although he did not attend [2][3]. - The Bureau concluded that Li's actions violated multiple provisions of the Securities Law, constituting insider trading as defined in Article 191 [3][6]. Group 3: Defense and Penalty - Li claimed he did not intentionally seek insider information and used the relative's account to support them financially through stock trading [4][5]. - The Bureau found the calculation of illegal gains to be accurate, confirming the use of the "last in, first out" method for determining profits, and decided to impose a fine of 800,000 yuan along with the confiscation of the illegal gains [6][7].