罚没1.35亿！头部券商副总裁，违规炒股被罚！

Core Viewpoint - The article discusses the penalties imposed on Chen Moutao, a former vice president of a securities company, for illegal stock trading and insider trading, resulting in a total fine of 1.35 billion yuan and an 8-year ban from the securities market [1][5]. Summary by Sections Illegal Trading Activities - From March 1, 2020, to March 12, 2023, Chen Moutao utilized his position to access trading information from 32 accounts, leading to synchronized trading of 585 stocks with a total investment of 860 million yuan, resulting in a profit of 18.75 million yuan [2]. - Between September 15, 2011, and March 12, 2023, he controlled 16 accounts, trading a total of 334 million shares worth 4.544 billion yuan, with a profit of 26.4 million yuan after deducting previous profits [2]. Legal Violations - Chen Moutao's actions violated multiple provisions of the Securities Law, including engaging in insider trading and illegal stock trading, which were classified as serious offenses [3]. Penalties Imposed - The total penalties included the confiscation of illegal gains amounting to 45.15 million yuan and fines totaling 90.3 million yuan, reflecting the severity of his actions and their impact on market order [6]. - An 8-year ban from the securities market was imposed, preventing him from engaging in any securities-related activities during this period [6][7]. Defense Arguments - During the hearing, Chen Moutao argued for a reduction in penalties, citing his contributions to the financial industry and the excessive nature of the fines, but these arguments were not accepted by the regulatory authority [4].