Zheng Quan Shi Bao·2025-05-31 23:59Core Viewpoint - Recent administrative penalties have been imposed on individuals involved in "convergent trading" using undisclosed information, highlighting regulatory scrutiny in the securities industry [1][3]. Group 1: Case of Li Haipeng - Li Haipeng, a senior manager at CITIC Securities, was investigated for trading based on undisclosed information from the CRM system, which he accessed from November 1, 2019, to February 21, 2023 [1][2]. - During this period, Li controlled the "Chengmou1" account group, executing trades on 128 stocks with a total trading amount of 64.838 million yuan, including 29.0038 million yuan in convergent trading with a specific fund [2]. - Li's actions resulted in a profit of approximately 2.13137 million yuan, leading to a total penalty of 4.2627 million yuan, which includes the confiscation of illegal gains and fines [2]. Group 2: Case of Shao - The Jilin Securities Regulatory Bureau has also disclosed a case involving Shao, who was found to have engaged in trading based on undisclosed information while working at Huatai Securities [3][4]. - Shao had access to the X system, allowing him to obtain real-time information on Huatai's proprietary account holdings, and he logged into the system 984 times during the investigation period [4]. - From January 6, 2023, to November 10, 2023, Shao's "Yangmou" account engaged in convergent trading of 58 stocks, with a total buy amount of 31.53376 million yuan, resulting in a profit of approximately 193,900 yuan [5][6]. Group 3: Regulatory Actions - The regulatory bodies have taken decisive actions against both Li and Shao, imposing fines and confiscating illegal gains to deter similar future violations in the securities industry [2][6]. - The total penalties for Shao amounted to 1.0757 million yuan, combining fines for both the use of undisclosed information and violations as a securities professional [6].