利用未公开信息交易，被罚50万元

Core Viewpoint - A fund manager has been penalized for trading based on undisclosed information, receiving a fine of 500,000 yuan from the Shanghai Securities Regulatory Bureau [2][5]. Group 1: Fund Manager's Actions - The fund manager, Yang, utilized undisclosed information obtained through his position to suggest trading activities to Chen, who controlled a related securities account [4]. - Yang was responsible for investment decisions and had access to confidential information regarding the fund's holdings and trading details [2][4]. Group 2: Securities Account Details - Chen's securities account, which includes both regular and margin accounts, was established in 2014, with funding primarily from himself and friends [3]. - The account was directly controlled and used by Chen for trading activities [3]. Group 3: Regulatory Findings - The Shanghai Securities Regulatory Bureau determined that Yang's actions violated the Fund Law, specifically Article 20, and constituted a breach as outlined in Article 123 [5]. - The regulatory body mandated corrective actions and imposed a fine of 500,000 yuan based on the nature and severity of the violations [5].