Guan Cha Zhe Wang·2025-11-20 08:10Core Points - The case of Lu Xuan highlights the issue of securities professionals engaging in illegal trading activities, despite regulations prohibiting such actions [1][2] - Lu Xuan was penalized for using her mother's accounts to conduct stock trading over nearly ten years, with a total trading amount of 27.73 million yuan and a profit of only 181,300 yuan, reflecting an annualized return of less than 2% [1] - The regulatory authorities demonstrated a zero-tolerance approach to violations of the Securities Law, emphasizing the importance of maintaining market fairness [2] Summary by Sections Regulatory Actions - Lu Xuan was fined 180,000 yuan and had her illegal gains of 181,300 yuan confiscated, as per the Securities Law [2] - The case serves as a warning to industry professionals about the consequences of violating trading regulations [2] Industry Implications - The incident underscores the need for strict adherence to professional conduct among securities personnel, as they possess information advantages that necessitate restrictions on trading [2] - Despite the potential for information advantages, Lu Xuan's trading results indicate that such advantages did not translate into significant profits [2]