证券从业人员可以炒股了？是误读

Core Viewpoint - The China Securities Association has issued a draft guideline aimed at regulating the investment behavior of directors, supervisors, senior management, and securities practitioners to prevent illegal activities such as insider trading and market manipulation, thereby protecting investors' rights and maintaining market order [1][2][5]. Summary by Sections Guideline Purpose and Scope - The guideline is designed to guide securities companies in managing the investment behavior of their personnel, ensuring compliance with laws and regulations [1][2]. - It emphasizes the responsibility of securities companies in managing the investment behavior of their employees and aims to create a long-term mechanism to deter illegal trading practices [2][3]. Investment Behavior Management - The guideline specifies that securities practitioners are prohibited from directly or indirectly holding or trading stocks or other equity-like securities, with exceptions for stock incentive plans or employee stock ownership plans [1][2]. - Securities companies are encouraged to facilitate account opening for employees at their own or affiliated firms, and employees must report their investment activities regularly [3][4]. Reporting and Monitoring - Employees are required to report their investment information quarterly, including details about their spouses and related parties [4]. - The guideline allows for certain exemptions in reporting requirements under specific conditions, aiming to reduce the administrative burden on employees while enhancing monitoring capabilities [3][4]. Regulatory Context - The guideline comes amid increasing regulatory scrutiny and penalties for violations related to insider trading and other illegal activities by securities practitioners [5]. - Recent enforcement actions have included significant fines and bans for individuals found guilty of such violations, indicating a trend towards stricter compliance measures in the industry [5].