券商副总裁涉“老鼠仓”，被罚没1.35亿元

Core Viewpoint - The article highlights the severe penalties imposed on a securities industry professional, Chen Moutao, for engaging in insider trading and violating securities regulations, reflecting the ongoing crackdown on "rat trading" practices in the financial sector [1][3][8]. Summary by Sections Regulatory Actions - Jiangsu Securities Regulatory Bureau announced an administrative penalty against Chen Moutao, confiscating illegal gains of 45.15 million yuan and imposing a fine of 90.30 million yuan, along with an 8-year and 5-year market ban [1][6]. Violations - Chen Moutao's violations included using undisclosed information for securities trading and engaging in illegal securities transactions. From March 1, 2020, to March 12, 2023, he utilized his position to access trading information from 32 accounts, resulting in a total of 585 stocks being bought with an investment of approximately 859 million yuan, yielding profits of 18.75 million yuan [3][4]. - Additionally, from September 15, 2011, to March 12, 2023, he controlled 16 accounts, trading approximately 334 million shares with a total transaction value of about 4.544 billion yuan, generating profits of 26.40 million yuan [4][6]. Penalty Details - The total penalties amounted to 135 million yuan, with the regulatory body rejecting Chen's defense arguments regarding the nature of his trading activities and the sources of funds [5][6]. - The decision to impose an 8-year ban was based on the severity of his actions, which significantly disrupted market order [6]. Industry Context - "Rat trading" has been a focal point for regulatory scrutiny, with numerous cases being prosecuted in recent years across various financial institutions, including securities firms and mutual funds [7][8].