第一财经·2025-06-02 12:15Core Viewpoint - Recent penalties disclosed by local securities regulatory authorities have highlighted two cases of "insider trading" involving employees from leading brokerages, CITIC Securities and Huatai Securities, indicating a continued crackdown on violations by securities industry professionals [1][9]. Group 1: CITIC Securities Case - Li Haipeng, a former senior manager at CITIC Securities, engaged in insider trading over a period of more than three years, utilizing family members' accounts to conduct trades that resulted in profits of approximately 2.13 million yuan, leading to a total penalty of 4.26 million yuan [1][5]. - The fund targeted by Li Haipeng is believed to be associated with a private equity fund managed by Deng Xiaofeng, with the fund's establishment date aligning with the timeline of Li's trading activities [1][3]. - Li obtained access to sensitive information through his position, allowing him to track the fund's trading positions and execute trades that mirrored those of the fund [1][4]. Group 2: Huatai Securities Case - Shao, an IT employee at Huatai Securities, engaged in unauthorized trading for 14 years, resulting in losses exceeding 2 million yuan, while also utilizing his position to access proprietary trading information [6][7]. - From January to November 2023, Shao logged into the company's trading system nearly 1,000 times, averaging 4.66 times per workday, to gain insights into the company's proprietary trading positions [6][7]. - Shao's trading activities included transactions amounting to 31.53 million yuan, with profits of 193,900 yuan from trades that mirrored the company's proprietary trading [6][7]. Group 3: Regulatory Environment - The regulatory authorities have intensified their scrutiny of securities professionals' trading activities, with multiple penalties issued this year for similar violations [9][10]. - In 2023, the China Securities Regulatory Commission (CSRC) reported handling 59 cases of violations by industry professionals, with significant penalties imposed on several individuals, including a record fine of over 18 million yuan for a senior executive's trading violations [10][11]. - The ongoing regulatory efforts aim to maintain market integrity and deter insider trading practices among securities industry professionals [9][11].