违规买卖股票！展翔被罚没1.59亿元、市场禁入5年

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a fine of 1.59 billion yuan on a securities professional, Zhang Xiang, for illegal stock trading activities, along with a five-year ban from the securities market [1][2][3]. Group 1: Violations and Penalties - Zhang Xiang was found to have controlled and used multiple securities accounts belonging to others to trade various stocks from February 2018 to October 2024, constituting violations of the Securities Law [1][2]. - The CSRC determined that the evidence was sufficient to prove that Zhang Xiang made trading decisions and controlled the funds in the related accounts, leading to the conclusion of illegal stock holding and trading [2]. - The total penalty imposed on Zhang Xiang amounts to 159,497,159.49 yuan, and he is required to handle the illegal stocks in accordance with the law [3]. Group 2: Regulatory Framework - The violations were assessed under the provisions of the 2005 revised Securities Law, specifically Articles 43 and 40, as well as Articles 199 and 187, which outline the legal framework for such offenses [1][3]. - The CSRC considered the nature, circumstances, and social harm of the violations, leading to the decision to impose a five-year market ban on Zhang Xiang, as stipulated in the Securities Market Ban Regulations [3].