老鼠仓

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“老鼠仓”大曝光!基金经理趋同交易3300多万元还亏损
Shang Hai Zheng Quan Bao· 2025-08-20 00:49
Core Viewpoint - The article highlights a case of "rat trading" in the fund industry involving a former fund manager, Li Dan, who engaged in illegal trading activities using insider information, resulting in a fine of 600,000 yuan by the Tianjin Securities Regulatory Bureau [1][3][6]. Group 1: Case Details - Li Dan, a former fund manager at Guoshou Anbao Fund, was found to have controlled another person's securities account to conduct trades based on non-public information from March 2022 to February 2024, with a total buy amount of 33.12 million yuan [1][3]. - The investigation revealed that Li Dan executed trades in 41 stocks, with 74.55% of the trades being in line with the fund's transactions, leading to a total trading loss [3][6]. - Despite Li Dan's claims that some trades were not directed by her and had reasonable explanations, the Tianjin Securities Regulatory Bureau did not accept her defense [3][6]. Group 2: Regulatory Environment - The case reflects the regulatory authorities' zero-tolerance stance towards "rat trading," as evidenced by similar recent cases where individuals faced significant penalties for using insider information [6][7]. - In May 2023, another individual was penalized for similar offenses, with a total fine of 4.26 million yuan for trading 76 stocks based on non-public information [7]. - The legal framework for punishing "rat trading" has become clearer, with both profits and losses from illegal activities being considered in the determination of penalties [8]. Group 3: Li Dan's Background - Li Dan has a long career in the fund industry, having joined Guoshou Anbao Fund in December 2013 and serving as a fund manager for several products, including the Guoshou Anbao Core Industry Flexible Allocation Mixed Fund [5]. - During her tenure, Li Dan's performance was subpar, with a return of -7.77% over more than eight years, ranking her 716 out of 789 in her category [5].
又现亏损“老鼠仓”!基金经理趋同交易2年被罚60万
2 1 Shi Ji Jing Ji Bao Dao· 2025-08-19 06:09
Core Viewpoint - The article discusses a case of "mouse trading" involving a former fund manager, Li Dan, who was penalized for engaging in transactions that mirrored the fund's undisclosed information, resulting in significant losses for the fund she managed [1][2]. Group 1: Case Details - Li Dan, a former fund manager at Guoshou Anbao Fund, was fined 600,000 yuan for engaging in synchronized trading activities from March 22, 2022, to February 8, 2024, involving a total of 33.12 million yuan [1][2]. - During the investigation, it was revealed that 41 stocks were involved in the synchronized trading, accounting for 74.55% of the total trades, with the amount representing 72.77% of the fund's trading activities [2]. - The fund managed by Li Dan, Guoshou Anbao Core Industry, experienced a cumulative loss of 7.77% during her 8-year tenure, ranking 716 out of 789 in its category [3][4]. Group 2: Fund Performance - The Guoshou Anbao Core Industry fund saw its size halved from 893 million yuan at the end of 2019 to 427 million yuan by the first quarter of 2024, largely due to poor performance [4]. - Other funds managed by Li Dan also showed disappointing returns, with the Guoshou Anbao Consumption New Blue Ocean fund achieving an annualized return of only 1.62% from 2018 to 2024, ranking 1194 out of 1519 [4]. Group 3: Regulatory Environment - The China Securities Regulatory Commission (CSRC) has adopted a zero-tolerance approach towards illegal activities in the fund industry, with multiple cases of misconduct being prosecuted [5]. - Recent regulatory measures emphasize the importance of compliance management and the binding of fund managers' interests with those of investors, particularly targeting behaviors like "mouse trading" [5].
国寿安保前基金经理利用未公开信息趋同交易被罚 “老鼠仓”为何屡禁不止?
Jing Ji Guan Cha Wang· 2025-08-19 01:39
Core Viewpoint - The article discusses a case of insider trading known as "mouse warehouse" involving a former fund manager, Li Dan, who was fined for trading based on undisclosed information related to a fund he managed [2][4]. Group 1: Case Details - Li Dan controlled another person's securities account to conduct trading activities related to undisclosed information from March 22, 2022, to February 8, 2024, resulting in a fine of 600,000 yuan [2][3]. - During the mentioned period, Li Dan's trading decisions led to the purchase of 41 stocks, which accounted for 74.55% of the total trades, with a total investment of approximately 33.12 million yuan, representing 72.77% of the total trading amount, ultimately resulting in losses [3][4]. - Li Dan's actions violated the Fund Law, leading to the penalty imposed by the Tianjin Securities Regulatory Bureau [4]. Group 2: Background of Li Dan - Li Dan joined Guoshou Anbao Fund in December 2013 and served as the fund manager for the Guoshou Anbao Core Industry Fund from February 3, 2016, to February 8, 2024 [2][4]. - Over his eight-year tenure managing the Guoshou Anbao Core Industry Fund, Li Dan recorded a return of -7.77%, placing it in the bottom 10% of similar products [4]. - Li Dan managed a total of seven public funds, with one fund reaching a management scale exceeding 2 billion yuan in Q4 2020, but he recorded losses in multiple funds during his management [4]. Group 3: Industry Context - The article highlights that "mouse warehouse" incidents have been recurrent in the industry, with several fund companies, including Jiashi Fund and Puyin Ansheng Fund, facing similar issues [5][6]. - The regulatory environment has tightened, with increased penalties for such violations, indicating a growing awareness and response to these unethical practices [7]. - Industry insiders suggest that the allure of high returns drives some professionals to engage in illegal trading, while existing internal controls and monitoring mechanisms are often inadequate [7].
基金经理“老鼠仓”被罚60万元,案发时在职,公司回应:系个人行为
Hua Xia Shi Bao· 2025-08-18 23:45
Core Viewpoint - A fund manager named Li Dan was fined 600,000 yuan for engaging in "rat trading," which involved trading activities related to undisclosed information from the fund, resulting in significant losses [2][3][4]. Group 1: Regulatory Actions - The Tianjin Securities Regulatory Bureau issued an administrative penalty against Li Dan for her involvement in illegal trading activities, which included a total investment of over 33 million yuan in 41 stocks, with a loss incurred [3][6]. - Li Dan's actions were deemed a violation of the Fund Law, specifically regarding the misuse of undisclosed information for personal gain [3][6]. Group 2: Company Response - Guoshou Anbao Fund stated that the actions of Li Dan were personal and not representative of the company's practices, emphasizing their commitment to compliance and high-quality development [2][5]. - The company plans to enhance its compliance culture and continue to protect the interests of its investors [5]. Group 3: Industry Context - "Rat trading" is defined as the practice where fund managers use their position to trade on non-public information, undermining market fairness [6]. - Regulatory bodies have been intensifying efforts to combat illegal activities in the capital market, including various forms of "rat trading" [6][7].
又一“老鼠仓”亏损案,基金经理趋同交易3312万,亏损后被罚60万
凤凰网财经· 2025-08-18 15:56
Core Viewpoint - The article discusses the recent penalty imposed on fund manager Li Dan for engaging in insider trading, highlighting the regulatory scrutiny and consequences faced by financial professionals involved in such activities [3][4][7]. Summary by Sections Case of Li Dan - Li Dan, a former fund manager at Guoshou Anbao, was fined 600,000 yuan for using undisclosed information to conduct trades, resulting in significant losses [4][7]. - The Tianjin Securities Regulatory Bureau concluded the investigation into Li Dan's trading activities, which involved a total of 33.12 million yuan in transactions, with a loss incurred [7][8]. Fund Performance - During her tenure, the fund managed by Li Dan, Guoshou Anbao Core Industry Fund, experienced a loss of 7.77%, ranking 716th out of 789 similar products [8]. - Other funds managed by Li Dan also showed poor performance, with most of them ranking in the lower half of their respective categories [8]. Regulatory Context - The article emphasizes the strict penalties imposed by regulatory bodies on fund managers involved in insider trading, regardless of whether the trades resulted in profits [10][12]. - Similar cases are mentioned, illustrating a pattern of enforcement against fund managers who engage in insider trading practices, reinforcing the regulatory environment's focus on maintaining market integrity [10][12].
基金经理利用未公开信息实施趋同交易,亏损+罚60万!哪家基金公司?
梧桐树下V· 2025-08-18 14:58
Core Viewpoint - The article discusses the administrative penalty imposed on fund manager Li Dan by the Tianjin Securities Regulatory Bureau for engaging in insider trading activities, resulting in a fine of 600,000 yuan [2][5][7]. Summary by Sections Administrative Penalty Details - Li Dan, a fund manager at a certain fund management company, was penalized for trading based on undisclosed information from March 22, 2022, to February 8, 2024 [2]. - During this period, Li Dan controlled a securities account and executed trades that were in line with the fund's undisclosed information, leading to a total of 41 stocks being bought in a similar manner, which accounted for 74.55% of the stocks purchased by the fund [2]. - The total amount of these trades reached 33.12 million yuan, representing 72.77% of the fund's trading volume, ultimately resulting in trading losses [2]. Company Response - The involved fund management company, Guoshou Anbao Fund Management Co., stated that the actions leading to the administrative penalty were personal behaviors of the former employee, Li Dan [6][7]. Penalty Execution - Li Dan is required to pay the fine within 15 days of receiving the penalty decision, and she has the right to appeal within 60 days or file a lawsuit within 6 months [5].
趋同交易3300余万还亏了,80后女基金经理涉“老鼠仓”被罚60万元
第一财经· 2025-08-18 09:55
Core Viewpoint - The article discusses a recent case of insider trading in the fund industry, highlighting the penalties imposed on a fund manager for engaging in illegal trading activities using non-public information [3][8]. Summary by Sections Case Details - The Tianjin Securities Regulatory Bureau imposed a fine of 600,000 yuan on a fund manager named Li Dan for conducting transactions based on undisclosed information from March 22, 2022, to February 8, 2024, with a total investment amount of 33.12 million yuan [3][8]. - Li Dan's actions involved trading 41 stocks, with 74.55% of the trades being in line with the fund's undisclosed information, resulting in a total investment amount that accounted for 72.77% of the fund's transactions [7][8]. Background of the Fund Manager - Li Dan, an 80s-born female fund manager, worked for a fund management company since December 2013 and managed a specific fund from February 2016 until her departure in February 2024 [7][10]. - The fund she managed, known as Guoshou Anbao Core Industry, had a return of -7.7% over her management period, ranking 716th out of 789 similar products [11]. Regulatory Environment - The article notes that the China Securities Regulatory Commission has maintained a strict stance against illegal activities in the fund industry, continuously investigating and penalizing such cases [12]. - Recent legal clarifications have been made regarding the definitions and penalties associated with insider trading, aiming to strengthen regulations against such misconduct [12]. Industry Implications - The case raises questions about why fund professionals risk their careers for illegal gains, with some attributing it to a lack of legal awareness and a sense of invulnerability among certain individuals [13]. - The fund industry operates under a "zero tolerance" policy for compliance violations, meaning that such penalties can severely impact a fund manager's career prospects [13].
“老鼠仓”,大曝光!80后女基金经理用他人账户“炒股”2年,趋同买入3300多万元,亏了,被罚60万元
新浪财经· 2025-08-18 09:51
Core Viewpoint - The article reveals a case of "mouse warehouse" involving a fund manager named Li Dan, who used undisclosed information for trading activities, leading to significant financial losses and a penalty from the Tianjin Securities Regulatory Bureau [2][3][4]. Group 1: Case Details - Li Dan was found to have knowledge of undisclosed information related to the fund's investment decisions and trading activities during her tenure as a fund manager from February 3, 2016, to February 8, 2024 [4][5]. - Between March 22, 2022, and February 8, 2024, Li Dan controlled a securities account and engaged in trading activities that mirrored the fund's undisclosed information, resulting in a total of 41 stocks being bought in a similar manner, accounting for 74.55% of the stocks and 72.77% of the total investment amount of 33.12 million yuan [5][6]. - The Tianjin Securities Regulatory Bureau provided substantial evidence, including company statements, trading records, and communication logs, to support the findings against Li Dan, which constituted a violation of the Fund Law [5][6]. Group 2: Background of Li Dan - Li Dan, born in October 1982, has nearly 10 years of experience in the investment industry, having worked at China Galaxy Securities before joining Guoshou Anbao Fund in November 2013 [8][10]. - During her time at Guoshou Anbao Fund, she held various positions, including research analyst and fund manager, managing multiple funds with varying investment types [8][9]. - The core fund managed by Li Dan, Guoshou Anbao Core Industry Flexible Allocation Mixed Fund, experienced a decline of 7.77% in net asset value during her management period [9][10].
“老鼠仓”,大曝光!80后女基金经理用他人账户“炒股”2年,趋同买入3300多万元,亏了,被罚60万元
中国基金报· 2025-08-18 08:42
Core Viewpoint - The article discusses a recent case of "mouse trading" involving a female fund manager named Li Dan, who was fined 600,000 yuan for using non-public information to conduct trading activities that resulted in losses [2][4][6]. Summary by Sections Case Details - On August 18, the Tianjin Securities Regulatory Bureau disclosed an administrative penalty decision revealing Li Dan's involvement in "mouse trading" [4]. - Li Dan, born in October 1982, worked at a fund management company and was the fund manager for a specific fund from February 3, 2016, to February 8, 2024 [5][10]. Violations - Li Dan was found to have knowledge of non-public information regarding the fund's investment decisions and trading activities [5]. - From March 22, 2022, to February 8, 2024, she controlled a securities account to conduct trades based on this non-public information, resulting in a total of 41 stocks being bought in a manner that aligned with the fund's trading, accounting for 74.55% of the stocks and 72.77% of the total investment amount of 33.12 million yuan [6]. Penalty - The Tianjin Securities Regulatory Bureau determined that Li Dan's actions violated the Fund Law and imposed a fine of 600,000 yuan based on the nature and severity of her violations [6]. Background - Li Dan previously worked at China Galaxy Securities as a researcher and investment manager before joining Guoshou Anbao Fund in November 2013, where she held various positions including fund manager [8]. - During her tenure as the fund manager, the fund she managed experienced a decline in net value by 7.77% [10].
天津证监局罚“老鼠仓” 亏损案 指向国寿安保前员工李丹
Zhong Guo Jing Ji Wang· 2025-08-18 08:21
Core Viewpoint - The article discusses the administrative penalty imposed on Li Dan, a former fund manager at Guoshou Anbao, for engaging in insider trading, resulting in a loss of approximately 33.12 million yuan and a fine of 600,000 yuan [1][2][5]. Group 1: Incident Details - Li Dan was found to have utilized undisclosed information to conduct trading activities, controlling a securities account and making decisions that led to significant losses [5][6]. - The investigation revealed that from March 22, 2022, to February 8, 2024, Li Dan engaged in trading activities that mirrored the fund's undisclosed information, with 41 stocks involved, accounting for 74.55% of the trades and 72.77% of the total trading amount [6][5]. - Despite Li Dan's claims that some trades were not directed by her and that there were reasonable explanations for the trading patterns, the Tianjin Securities Regulatory Bureau rejected her defense [5][6]. Group 2: Penalty and Consequences - The Tianjin Securities Regulatory Bureau decided to impose a fine of 600,000 yuan on Li Dan for her violations of the Securities Investment Fund Law [6][7]. - Li Dan has 15 days from the receipt of the penalty decision to pay the fine, and she has the right to appeal within 60 days or file a lawsuit within six months [7][8]. - The case highlights the regulatory scrutiny in the investment fund industry and the consequences of insider trading practices [1][5].