券商前副总裁涉“老鼠仓”被罚 监管严打证券市场违法违规行为

Core Viewpoint - The regulatory body has imposed significant penalties on a securities professional for engaging in insider trading and violating securities regulations, highlighting the ongoing crackdown on "rat trading" practices in the financial industry [1][2][9]. Group 1: Regulatory Actions - The Jiangsu Securities Regulatory Bureau has ordered the confiscation of illegal gains amounting to 45.15 million yuan and imposed a fine of 90.30 million yuan on Chen, a securities professional [1][7]. - Chen has been banned from the securities market for 8 years and 5 years due to the severity of his violations, which included insider trading and illegal securities transactions [8][9]. Group 2: Details of Violations - Chen utilized undisclosed information to conduct securities trading from March 1, 2020, to March 12, 2023, resulting in a profit of approximately 18.75 million yuan from trading 585 stocks with a total investment of about 859 million yuan [3][4]. - From September 15, 2011, to March 12, 2023, Chen engaged in illegal securities trading across 16 accounts, with total trading volume of approximately 334 million shares and a trading value of about 4.544 billion yuan, yielding a profit of 26.40 million yuan [4][7]. Group 3: Industry Context - The financial industry has seen a rise in regulatory scrutiny over "rat trading" practices, with multiple cases of securities professionals being penalized for similar violations throughout the year [2][9]. - Recent cases have also involved IT personnel and other roles within financial institutions, indicating a broader trend of regulatory enforcement across various sectors of the financial industry [9][10].