“老鼠仓”大曝光！基金经理趋同交易3300多万元还亏损

Core Viewpoint - The article highlights a case of "rat trading" in the fund industry involving a former fund manager, Li Dan, who engaged in illegal trading activities using insider information, resulting in a fine of 600,000 yuan by the Tianjin Securities Regulatory Bureau [1][3][6]. Group 1: Case Details - Li Dan, a former fund manager at Guoshou Anbao Fund, was found to have controlled another person's securities account to conduct trades based on non-public information from March 2022 to February 2024, with a total buy amount of 33.12 million yuan [1][3]. - The investigation revealed that Li Dan executed trades in 41 stocks, with 74.55% of the trades being in line with the fund's transactions, leading to a total trading loss [3][6]. - Despite Li Dan's claims that some trades were not directed by her and had reasonable explanations, the Tianjin Securities Regulatory Bureau did not accept her defense [3][6]. Group 2: Regulatory Environment - The case reflects the regulatory authorities' zero-tolerance stance towards "rat trading," as evidenced by similar recent cases where individuals faced significant penalties for using insider information [6][7]. - In May 2023, another individual was penalized for similar offenses, with a total fine of 4.26 million yuan for trading 76 stocks based on non-public information [7]. - The legal framework for punishing "rat trading" has become clearer, with both profits and losses from illegal activities being considered in the determination of penalties [8]. Group 3: Li Dan's Background - Li Dan has a long career in the fund industry, having joined Guoshou Anbao Fund in December 2013 and serving as a fund manager for several products, including the Guoshou Anbao Core Industry Flexible Allocation Mixed Fund [5]. - During her tenure, Li Dan's performance was subpar, with a return of -7.77% over more than eight years, ranking her 716 out of 789 in her category [5].