Xi Niu Cai Jing·2025-12-03 05:17Core Viewpoint - The Jiangsu Securities Regulatory Bureau has imposed significant penalties on a senior executive of a securities company, Chen Moutao, for engaging in insider trading and manipulating stock transactions over an extended period, resulting in substantial illegal profits and market disruption [2][3][4][5]. Group 1: Violations and Penalties - Chen Moutao utilized his position to access trading information from 32 securities accounts, engaging in synchronized trading across 8 accounts, resulting in the purchase of 585 stocks with a total investment of 859 million yuan and a profit of 18.75 million yuan [2]. - From September 2011 to March 2023, Chen controlled 24 accounts, executing trades totaling 4.544 billion yuan and generating profits of 26.4 million yuan [3]. - The Jiangsu Securities Regulatory Bureau confiscated illegal gains of 45.15 million yuan from Chen and imposed a fine of 90.30 million yuan, totaling approximately 135 million yuan in penalties [3]. Group 2: Market Ban - Chen Moutao received an 8-year ban from the securities market due to the severity and duration of his violations, which significantly disrupted market order [4]. - Additionally, a 5-year ban was imposed, preventing him from trading securities directly or indirectly during this period [5]. - Media reports suggest that Chen Moutao's profile closely matches that of Chen Yutao, a former vice president and CIO of Guotai Junan Securities, who had a high annual salary of 4.6185 million yuan in 2017 [5].