11年牟利千万，被罚没1.35亿，某券商前副总裁违规炒股细节曝光

Core Viewpoint - The article discusses a significant penalty imposed by the Jiangsu Securities Regulatory Bureau on Chen Moutao, a former vice president of a securities company, for engaging in illegal securities trading using undisclosed information, resulting in a total fine of 1.35 billion yuan and market bans of 8 and 5 years [1][9]. Summary by Sections Penalty Details - Chen Moutao was fined a total of 1.35 billion yuan for utilizing undisclosed information for securities trading and for illegal securities transactions, with a breakdown of 375 million yuan in fines for the first offense and 528 million yuan for the second [1][5][9]. - The total illegal gains from his activities amounted to 45.15 million yuan, which were also confiscated [8][9]. Violations - Chen's violations included trading based on undisclosed information from March 2020 to March 2023, where he engaged in transactions involving 585 stocks with a total investment of 859 million yuan, yielding profits of 18.75 million yuan [4][5]. - Additionally, from September 2011 to March 2023, he conducted illegal securities transactions across 16 accounts, trading 334 million shares worth 4.544 billion yuan, with profits of 26.4 million yuan [4][5]. Regulatory Response - The Jiangsu Securities Regulatory Bureau emphasized that Chen's actions severely disrupted market order and warranted strict penalties, reflecting a broader trend of increasing regulatory scrutiny and enforcement against securities violations [10][13]. - The bureau rejected Chen's appeal for a reduced penalty based on his past contributions to the financial industry, stating that his violations were serious and warranted the imposed penalties [7][8]. Industry Context - The article highlights that this penalty is part of a larger pattern of increased regulatory actions against securities professionals engaging in illegal trading practices, with multiple similar cases reported throughout the year [10][12]. - The term "mouse warehouse" is defined as a serious violation where financial professionals exploit their positions to gain insider information for personal profit, indicating a systemic issue within the industry [11][13].