内幕交易“亏大了”，陈芹燕821万元获利被没收，还被罚了4107万元！黄克也“栽了”

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed heavy fines totaling over 50 million yuan on two individuals for insider trading, reflecting a strict stance against market manipulation and a commitment to creating a fair and transparent market environment [2][8]. Summary by Sections Case of Chen Qinyan - Chen Qinyan was fined over 49 million yuan for insider trading during a sensitive period related to a major asset restructuring announcement made on June 13, 2022 [3]. - The insider information was determined to have formed no later than May 11, 2022, and Chen traded a significant amount of shares using multiple accounts, resulting in a profit of 8.21 million yuan [3][4]. - The CSRC upheld the findings against Chen, rejecting her claims regarding the timing of the insider information and the nature of her trading activities [4]. Case of Huang Ke - Huang Ke, also an insider, used another person's securities account to trade during the sensitive period, earning a profit of 318,000 yuan [6]. - He was fined 1.5 million yuan in addition to the confiscation of his illegal gains [6]. - The CSRC dismissed Huang's defense, which claimed ignorance of the insider information and that another person executed the trades [6]. Regulatory Environment - Both cases are linked to the same company's major asset restructuring plans, highlighting the CSRC's "zero tolerance" approach to insider trading [8]. - In 2024, the CSRC handled 178 insider trading cases, accounting for 24% of all securities and futures violations, indicating a robust enforcement strategy [8].