违规买卖股票！展翔被罚没1.59亿元、市场禁入5年

Core Points - The China Securities Regulatory Commission (CSRC) imposed a fine of 1.59 billion yuan on Zhang Xiang for illegal stock trading activities and banned him from the securities market for five years due to violations committed over several years [1][4][5] Group 1: Violations and Penalties - Zhang Xiang, a securities industry professional, was found to have engaged in illegal trading by using multiple accounts controlled by others to buy and sell various stocks from February 2018 to October 2024 [4] - The CSRC determined that Zhang Xiang's actions violated the Securities Law of the People's Republic of China, specifically articles related to illegal stock trading [4] - The total penalty imposed on Zhang Xiang amounts to 1,594,971,59.49 yuan, which includes the confiscation of illegally held stocks [4][5] Group 2: Regulatory Actions - The CSRC decided to impose a five-year ban on Zhang Xiang from participating in the securities market due to the severity and duration of his violations [5] - The regulatory body considered the nature, circumstances, and social harm of the violations when determining the penalties [5]