7.6亿“老鼠仓”交易，没赚钱也被罚

Core Viewpoint - The article highlights the severe penalties imposed on a securities firm manager for engaging in insider trading and "rat trading" activities, emphasizing that illegal actions incur significant consequences even without financial gains [2][3]. Group 1: Case Details - The Heilongjiang Securities Regulatory Bureau recently issued an administrative penalty against a former general manager of a securities firm's investment department, who was fined 4.7 million yuan for using undisclosed information for trading and violating stock trading regulations [2][5]. - The manager, during his tenure from November 15, 2022, to January 29, 2024, controlled accounts that collectively bought stocks worth 55,134.9 million yuan, accounting for 77.54% of his total trading volume [4]. - Despite no illegal profits being made, the manager faced penalties for various violations, including a 200,000 yuan fine for illegal stock trading and 250,000 yuan for using undisclosed information [5]. Group 2: Industry Implications - The case is part of a broader trend, with multiple instances of "rat trading" being reported this year, involving key personnel across various securities firms [6]. - Regulatory actions have included significant fines against other executives for similar violations, indicating a systemic issue within the industry [7]. - Experts suggest that combating "rat trading" requires a multi-faceted approach, including enhanced legal frameworks, improved regulatory technologies, and stronger internal controls within financial institutions [7][8].