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 trading activities involving insider information and securities violations, resulting in significant financial penalties and market bans [1][2][6]. Summary by Sections Penalty Details - Chen Moutao was fined a total of 1.35 billion yuan for illegal trading activities, which included profits of 18.75 million yuan from insider trading and 26.4 million yuan from other securities transactions [2][10]. - The total illegal profits amounted to 45.15 million yuan, with fines totaling 90.3 million yuan [11]. Illegal Trading Activities - From March 1, 2020, to March 12, 2023, Chen utilized his position to access trading information from 32 accounts, engaging in coordinated trading across 585 stocks with a total investment of 860 million yuan, yielding profits of 18.75 million yuan [5]. - Between September 15, 2011, and March 12, 2023, he traded 334 million shares with a total transaction value of 4.544 billion yuan, generating profits of 26.4 million yuan [5]. Regulatory Findings - The regulatory body found that Chen's actions violated multiple provisions of the Securities Law, including engaging in insider trading and unauthorized securities transactions [6][11]. - The penalties were deemed appropriate considering the severity of the violations, the duration of the misconduct, and the significant amounts involved [8][9]. Market Ban - Chen Moutao received an 8-year ban from the securities market, prohibiting him from engaging in any securities-related activities during this period [11][12]. - Additionally, due to the severity of his actions, he faces a 5-year prohibition on trading securities under any name or alias [12].