10月31日，证监会发布了2则内幕交易的罚单。一则显示，调查中，潘某东存在躲避推脱等不配合执法人员 询问等情形。在听证过程中，潘某东提出不配合调查相关认定的依据不足等申辩意见。证监会认为，经复 核，在案证据足以证明不配合调查执法相关认定。潘某东的内幕交易虽然亏损，但被证监会罚款500万，属 顶格处罚。 在另一则罚单中，被调查人也存在无正当理由未按要求提供相关资料等情形。 顶格罚500万 罚单显示，经查明，2024年1月10日，相关公司发布关于资产重组的公告。该资产重组事项属于内幕信息。该 内幕信息不晚于2023年12月5日形成，公开于2024年1月10日。潘某东为内幕信息知情人，不晚于2023年12月5 日知悉内幕信息。 2023年12月8日至20日，潘某东利用他人相关证券账户买入相关公司股票，交易行为亏损。 上述违法事实有相关公告和文件、相关证券账户资料、证券账户交易流水、银行账户资料、相关人员询问笔 录、情况说明等证据证明，足以认定。 证监会认为，潘某东上述行为违反证券法第五十条、第五十三条第一款的规定，构成证券法第一百九十一条第 一款所述的内幕交易行为。另外，调查中潘某东存在躲避推脱等不配合执法人员询问 ...

Core Viewpoint - The article discusses the penalties imposed by the Qinghai Securities Regulatory Bureau on an individual named Xie for insider trading and violations related to stock trading as a securities professional, resulting in a total fine of 1.53 million yuan [2][8]. Summary by Sections Insider Trading Case - Xie, born in 1993, was involved in the major asset restructuring project of Tengjing Technology and was aware of insider information, leading to a loss of approximately 50,000 yuan from trading Tengjing Technology shares [2][3]. - During the insider information sensitive period from October 9, 2024, to February 26, 2025, Xie bought 57,485 shares of Tengjing Technology for a total of 2.4666 million yuan and sold them for 2.4162 million yuan, incurring a loss of about 50,000 yuan [3][4]. Violations as a Securities Professional - Xie worked at a securities company from May 11, 2021, until the investigation date of June 24, 2025, and engaged in stock trading outside the insider information sensitive period, with total purchases amounting to 7.1671 million yuan and sales of 6.6437 million yuan, resulting in a cumulative loss of approximately 496,500 yuan [5][6]. Regulatory Findings - The Qinghai Securities Regulatory Bureau found sufficient evidence, including announcements and transaction records, to confirm Xie's violations of the Securities Law, specifically regarding insider trading and improper stock trading as a securities professional [6][7]. - Xie's defense claimed that his trading decisions were based on a positive outlook for Tengjing Technology rather than insider information, and he cooperated with the investigation [6][8]. Penalty Decision - The regulatory bureau concluded that Xie's actions constituted insider trading and improper stock trading, leading to a fine of 1.5 million yuan for insider trading and 30,000 yuan for improper trading, totaling 1.53 million yuan [8].

Core Viewpoint - The report highlights the increasing number of securities-related disputes in Beijing, emphasizing the prevalence of securities fraud cases and the expanding range of liable parties involved in these disputes [1][2][3][5]. Group 1: Case Statistics - From March 2021 to August 2025, the Beijing Financial Court accepted a total of 10,942 securities commercial cases, with a significant portion being securities fraud liability disputes [2][3]. - The total amount involved in securities dispute cases reached 45.928 billion yuan, with an average litigation amount of approximately 4.1974 million yuan per case [2][7]. - The number of securities fraud liability disputes accounted for 99.8% of all fraud-related cases, indicating a dominant trend in the types of disputes being filed [4]. Group 2: Types of Disputes - The report categorizes securities fraud liability disputes into four main types: false statements, insider trading, market manipulation, and fraud against clients, with false statements being the most common [4]. - The majority of cases involve false statements related to financial misrepresentation, misleading statements, and failure to disclose critical information [4]. Group 3: Involved Parties - A total of 45 intermediary institutions have been sued, including 11 securities companies, 19 accounting firms, 6 law firms, 5 asset appraisal agencies, and 4 credit rating agencies [5][6]. - The report notes that investors are increasingly suing not only the issuers but also their controlling shareholders, actual controllers, and senior executives, reflecting a trend towards broader accountability [5][6]. Group 4: Emerging Issues - The report identifies new challenges arising from the complexity of financial products and trading models, including potential lawsuits related to companies facing delisting due to fraud [8]. - There is a growing concern regarding large shareholders' illegal share reductions, which may lead to securities fraud claims, especially in light of new regulations governing share reductions [8][9]. - The report anticipates an increase in civil claims related to insider trading and market manipulation as investor awareness and legal frameworks evolve [9].

黄否认就传递娱乐有限公司(前称天马影视文化控股有限公司)(天马影视)的股份进行内幕交易的控罪。 具体而言，大约在2017年8月25日至2017年10月17日期间，他涉嫌怂使或促致另一名人士进行天马影视 的股份交易，而他当时为天马影视的主席兼控股股东，掌握了他知道属有关天马影视的内幕消息的消 息。 智通财经APP获悉，据10月24日香港证监会消息，香港证监会早前对商人黄栢鸣(男)提起内幕交易检 控。经过今天的审讯前聆讯后，东区裁判法院已将有关的刑事审讯订于2025年11月14日至2025年12月10 日进行。 法院今天延长黄的保释期限，以待进行下一次聆讯，条件是他：缴交200,000港元保释金；于所提供的 住址居住，并在住所有变更前通知警方及在离港前24小时通知香港证监会。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600749 证券简称：西藏旅游 公告编号：2025-046号 西藏旅游股份有限公司相关内幕信息知情人买卖公司股票情况查询结果的公告 本次交易的内幕信息知情人核查范围为： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 2025年9月24日，西藏旅游股份有限公司（以下简称"西藏旅游""公司""上市公司"）召开第九届董事会 第十次会议，审议通过《关于终止重大资产重组事项的议案》等相关议案，同意公司终止以现金方式购 买新奥控股投资股份有限公司（以下简称"交易对方""新奥控股"）持有的北海新绎游船有限公司（以下 简称"新绎游船"）60%股权（以下简称"本次交易""本次重大资产重组"）事项。具体内容详见公司于 2025年9月25日在上海证券交易所网站及指定媒体披露的《关于终止重大资产重组事项的公告》（公告 编号：2025-043号）。 根据《上市公司重大资产重组管理办法》《关于规范上市公司信息披露及相关各方行为的通知》（证监 公司字【2007】128号）、《公开发行证券 ...

Core Viewpoint - The company, Shikong Technology, plans to acquire 100% of Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd. to enter the semiconductor storage sector, aiming to create a second growth curve and capitalize on the development dividends of the semiconductor storage and AI industries [2][4]. Group 1: Transaction Details - Shikong Technology announced a major asset restructuring and related transactions through the issuance of shares and cash payment for the acquisition of Jiahe Jingwei [2][10]. - The transaction involves 19 parties, including individuals and management consulting partnerships [7]. - The share issuance price is set at 23.08 yuan per share, which is 80% of the average trading price over the last 20 trading days [11][13]. Group 2: Financial Performance - Shikong Technology has reported continuous losses from 2022 to the first half of 2025, with net profits of -209 million yuan, -207 million yuan, -262 million yuan, and -66.27 million yuan respectively [18][19]. - Jiahe Jingwei's net profits for 2023, 2024, and the first eight months of 2025 were -18.74 million yuan, 42.71 million yuan, and 42.29 million yuan respectively [20][22]. Group 3: Market Strategy - The acquisition is intended to expand Shikong Technology's business into the semiconductor storage field, enhancing its profitability and sustainability [18][24]. - Post-transaction, the company plans to leverage Jiahe Jingwei's existing market layout to further penetrate the enterprise and industrial markets [24].

Core Viewpoint - Hainan Mining Co., Ltd. has announced the termination of its plan to issue shares and pay cash for the acquisition of assets, specifically the 68.04% stake in ATZ Mining Limited and the 51.52% stake in Felston Enterprises Limited, along with the associated fundraising [2] Group 1: Termination of Transaction - The company held meetings on September 30, 2025, where it approved the termination of the acquisition and fundraising plan [2] - The termination is in accordance with various regulatory guidelines and was officially disclosed on October 1, 2025 [2] Group 2: Insider Trading Self-Examination - The self-examination period for insider trading was from December 16, 2024, to September 30, 2025 [2] - The scope of the self-examination included natural persons and legal entities who had insider information regarding the transaction [3][5] Group 3: Insider Trading Findings - During the self-examination period, four natural persons and the company's repurchase account engaged in trading of the company's stock [4] - The company’s repurchase account bought shares as part of a previously announced buyback plan, which is compliant with legal regulations [6] Group 4: Independent Financial Advisor's Trading - Guotai Junan Securities Co., Ltd., the independent financial advisor for the transaction, also engaged in stock trading during the self-examination period, which was based on independent investment decisions [7] Group 5: Conclusion of Self-Examination - The company concluded that the trading activities of the involved parties did not constitute insider trading based on the declarations and commitments made by those involved [8]

二是优化停牌制度设计。停牌的核心意义不仅在于保障所有投资者公平获取信息，更应包括排除人 为制造的不确定性对市场的干扰。投资本就伴随不确定性风险，但并购重组能否通过审批、最终能否落 地也存在重大不确定性，此时贸然复牌可能危及信息弱势投资者的合法权益。因此，在特定场景下，停 牌对防范欺诈、保护投资者利益的作用，应优先于复牌保障交易权的作用。 三是严格重大事项运作与内幕交易的挂钩机制。可明确规定，若相关主体（无论性质与类型）因重 大事项涉及内幕交易、市场操纵，被证券监管部门立案调查或司法机关立案侦查，对于尚未受理的重大 事项申请，交易所应不予受理；对于已受理的，交易所应暂停审核，证监会应暂停注册。有关主体若想 借运作重大事项之机实施内幕交易、市场操纵，将导致重大事项被迫终止，结果是搬起石头砸自己的 脚。 四是多措并举抑制非理性炒作。可在相应板块探索取消涨跌停板制度，实施与新股上市前五天类似 的交易机制。鼓励媒体与研究人员对二级市场的异常波动、异常交易行为发挥监督作用，及时提出质 疑。对于明显偏离公司基本面的股价波动，交易所可组织专业机构开展估值分析和风险提示，引导市场 理性定价。同时，对频繁发生异常交易的账户，可采 ...

Core Insights - STBL has experienced a significant decline, losing 80% of its value from its peak, raising concerns about transparency and trust within the project [1][2] - The founding team faces accusations of selling millions of dollars' worth of tokens, leading to speculation about potential insider trading [3][4] - Despite the controversy, STBL plans to mint 100 million USST and launch a repurchase program by the end of October, aiming to restore investor confidence [1][7] Market Performance - STBL's value dropped from an all-time high of approximately $0.60 to a low of about $0.0797, before slightly recovering to $0.11478, with a current market cap near $58 million [2] - On-chain data indicates that five large addresses sold all their STBL holdings, realizing around $17 million in profits, which has raised suspicions of coordinated sell-offs [3][4] Community Reactions - The crypto community has expressed concerns over the actions of large traders, with some labeling them as "snipers," suggesting possible insider involvement [4][5] - STBL's CEO has defended the integrity of the trading activity, asserting that the accounts involved were "orchestrated and professional" [5][6] Company Statements - The STBL team has publicly denied any internal involvement in the sell-off, emphasizing the transparency of their treasury operations and that no changes have been made to allocations or vesting schedules [6] - The team is focused on building the protocol and community adoption, stating that tokens vesting this quarter will not be minted or enter circulation [6]

看链上这些 HL 大额 “内幕地址” 个人感觉参考价值不大难道内幕地址拥有者与世隔绝，不知道自己的地址在被监控吗？当这个地址还没人关注的时候或许还有 alpha，当这个地址被太多人关注的时候，假动作的概率太高了更大的可能是开一个假仓位对冲 wash 到另外的地址甚至交易所里，或者慢慢割跟单……不少 HL 的明牌地址最后都是这个归零路线 ...