Core Viewpoint - The article discusses a significant insider trading case involving Li Jungang, who profited from confidential information regarding a change in control at Qitian Technology, ultimately leading to a hefty fine of over 1 million yuan imposed by the regulatory authority [2][8]. Group 1: Insider Trading Details - The insider trading originated from a confidential discussion about a potential change in control of Qitian Technology between the actual controller of Qicaihong Haoyue Technology and an investment manager from Qitian Technology [3]. - On April 15, 2024, during a meeting, the parties discussed specific details regarding the acquisition of Qitian Technology, which Li Jungang overheard [3][4]. - Li Jungang executed a purchase of 72,800 shares of Qitian Technology just 14 days after overhearing the conversation, amounting to 303,395 yuan [5]. Group 2: Regulatory Actions and Penalties - The Ningbo Securities Regulatory Bureau imposed a total penalty of 1.06 million yuan on Li Jungang, which included the confiscation of illegal gains of 260,022.03 yuan and a fine of 800,000 yuan [8]. - The regulatory authority emphasized that Li Jungang's claims of not intentionally seeking insider information were not accepted, as his trading actions were deemed to be based on insider information [6][7]. Group 3: Legal Interpretation - Legal experts highlighted that the key elements for recognizing insider trading include the use of insider information during sensitive periods, and that accidental overhearing does not exempt individuals from legal consequences [7]. - The article stresses the importance of maintaining market fairness and the need for all participants to adhere to legal standards to protect themselves [7].
“隔墙有耳”窃听定增内幕,交易获利26万元遭百万元罚单!旗天科技:非我司员工