Zhong Guo Jing Ji Wang·2025-11-07 06:45Core Points - The China Securities Regulatory Commission (CSRC) Sichuan Regulatory Bureau has issued an administrative penalty decision against Zhang Qin for illegal trading activities [1][5] - Zhang Qin, a securities practitioner at Dongfang Securities, accepted client Hu Rongcui's commission to trade securities privately, resulting in a total transaction amount of 283,227.81 million yuan [1][5] - The total commission earned by Zhang Qin from these transactions amounted to 943,887.83 yuan, which was deemed illegal under the Securities Law [1][6] Summary by Sections Violation Details - Zhang Qin worked at Dongfang Securities from July 2019 to August 2024 and engaged in unauthorized trading activities from August 2019 to May 2024 [1][5] - The illegal trading involved operating both ordinary and margin accounts for the client, leading to significant financial transactions [1][5] Penalty Imposed - The CSRC has ordered Zhang Qin to correct his actions, issued a warning, and confiscated the illegal earnings of 943,887.83 yuan, along with an equal fine [1][6] - The total amount Zhang Qin is required to pay, including fines and confiscated earnings, is 1,887,800 yuan [1][6] Compliance and Appeal Process - Zhang Qin must pay the penalty within 15 days of receiving the decision and has the right to appeal within 60 days or file a lawsuit within six months [2][6]