各方关注焦点不仅在于其操作账户之多、交易规模之大、违法时间之久，更在于对陈某涛作为券商高 管"偷看底牌"的质疑。 又一例证券从业人员"偷看底牌"被重罚。 近日上海某券商前高管陈某涛因"跟随"私募和个人账户炒股，被江苏证监局开出1.35亿元巨额罚单，引 发市场热议。 陈某涛的"老鼠仓"不是典型的抢先交易，而是跟随交易，俗称"搭便车"行为。各方关注焦点不仅在于其 操作账户之多、交易规模之大、违法时间之久，更在于对陈某涛作为券商高管"偷看底牌"的质疑。 2020年3月1日至2023年3月12日，在退休的前三年，陈某涛利用职务便利,获取了相关私募基金、个人在 某证券公司开立的32个证券账户(下称"趋同组合账户")的交易信息,控制"韩某"中信证券信用账户等8个 证券账户,与趋同组合账户发生趋同交易,趋同买入股票585只，趋同买入金额8.59亿元，趋同交易盈利 1875.04万元。 此外，在2011年至2023年长达12年的时间里，陈某涛一直在违规炒股，累计交易金额45.44亿元，盈利 2640.01万元。 最终，针对陈某涛利用未公开信息从事有关证券交易行为，江苏证监局责令没收违法所得1875.04万 元，并处以两倍罚款 ...

Group 1 - The Jiangsu Securities Regulatory Bureau recently imposed a total fine of 135 million yuan on Chen, a former vice president of a securities company, for illegal activities including insider trading and securities violations [1] - Chen's illegal activities involved using undisclosed information to conduct securities trading from March 1, 2020, to March 12, 2023, resulting in a profit of 18.75 million yuan from trading 585 stocks with a total investment of 859 million yuan [1] - Additionally, from September 15, 2011, to March 12, 2023, Chen controlled 16 securities accounts, trading a total of 334 million shares with a transaction amount of 4.544 billion yuan, yielding a profit of 26.4 million yuan [1] Group 2 - The issue of misconduct among industry professionals remains a key focus for regulatory authorities, with recent years seeing a crackdown on violations such as insider trading and "rat trading" [2] - There have been multiple cases this year involving securities executives penalized for illegal trading activities, including a case where a securities investment department manager was fined 4.7 million yuan for using undisclosed information to conduct transactions totaling 900 million yuan [3] - Other notable cases include penalties against executives from Huatai Securities and CITIC Securities for similar violations involving undisclosed information and "rat trading" behaviors [4]

Core Viewpoint - The Jiangsu Securities Regulatory Bureau imposed a record fine of 135 million yuan on Chen Moutao, a former vice president of a securities company, for insider trading and illegal securities transactions, along with an 8-year and 5-year market ban [1][5][11]. Summary by Sections Penalty Details - Chen Moutao was fined a total of 135 million yuan, which includes 37.5 million yuan for illegal gains of 18.75 million yuan from insider trading and 52.8 million yuan for illegal gains of 26.4 million yuan from securities trading [10][11]. - The total amount of illegal gains confiscated was 45.15 million yuan, with a total fine of 90.3 million yuan [11]. Violations - Chen engaged in insider trading for over 11 years, utilizing undisclosed information to conduct securities transactions, which included trading 585 stocks with a total investment of 859 million yuan and earning 18.75 million yuan [5][6]. - He also controlled 16 securities accounts, trading a total of 334 million shares with a transaction amount of 4.544 billion yuan, resulting in a profit of 26.4 million yuan [5][6]. Regulatory Response - The Jiangsu Securities Regulatory Bureau emphasized that Chen's actions severely disrupted market order and warranted strict penalties, reflecting a growing trend of stringent regulatory measures against insider trading and illegal securities activities [13][15]. - The bureau noted that the severity of the penalties is part of a broader effort to combat insider trading and enhance compliance within the securities industry [15]. Industry Context - The case is part of a larger pattern of increased regulatory scrutiny in the securities industry, with multiple instances of penalties against securities personnel for similar violations reported throughout the year [13][14]. - The regulatory environment is becoming more stringent, with a notable increase in the number and severity of penalties for insider trading and related offenses [15].

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].

21世纪经济报道记者 孙永乐 又一张亿元级罚单！ 近日，江苏证监局披露一笔天价罚单，因利用未公开信息从事有关证券交易、违规买卖证券，曾担任某 证券公司副总裁的陈某涛，被江苏证监局"没一罚二"合计罚没1.35亿元，并被采取8年及5年两项证券市 场禁入措施。 值得一提的是，在听证过程中，当事人提出申辩意见，称自身"曾为金融行业作出贡献"，请求将罚款倍 数调减至一倍，但这一诉求未获证监局采纳。 21世纪经济报道记者查询资料发现，某头部券商一位原副总裁的出生时间、任职时间等信息，与本案当 事人完全吻合。经向知情人士求证，确认本案受罚的券商高管，为时任国泰君安证券副总裁陈煜涛。 罚单显示，陈某涛出生于1963年1月，自1999年8月起在某证券公司任职，先后担任副总裁等职务，涉案 期间系证券从业人员。巧合的是，时任国泰君安证券副总裁的陈煜涛，其出生日期、任职时间与上述人 员完全吻合。 21世纪经济报道记者向知情人士求证后确认，二者为同一人。过往履历显示，陈煜涛是国泰君安的资深 元老，曾任国泰君安证券副总裁、首席信息官，国泰君安期货党委书记、董事长，并担任上海市期货同 业公会会长。 他于1993年7月起历任国泰证券研究部职 ...

Core Viewpoint - The article highlights the severe penalties imposed on a securities industry professional, Chen Moutao, for engaging in insider trading and violating securities regulations, reflecting the ongoing crackdown on "rat trading" practices in the financial sector [1][3][8]. Summary by Sections Regulatory Actions - Jiangsu Securities Regulatory Bureau announced an administrative penalty against Chen Moutao, confiscating illegal gains of 45.15 million yuan and imposing a fine of 90.30 million yuan, along with an 8-year and 5-year market ban [1][6]. Violations - Chen Moutao's violations included using undisclosed information for securities trading and engaging in illegal securities transactions. From March 1, 2020, to March 12, 2023, he utilized his position to access trading information from 32 accounts, resulting in a total of 585 stocks being bought with an investment of approximately 859 million yuan, yielding profits of 18.75 million yuan [3][4]. - Additionally, from September 15, 2011, to March 12, 2023, he controlled 16 accounts, trading approximately 334 million shares with a total transaction value of about 4.544 billion yuan, generating profits of 26.40 million yuan [4][6]. Penalty Details - The total penalties amounted to 135 million yuan, with the regulatory body rejecting Chen's defense arguments regarding the nature of his trading activities and the sources of funds [5][6]. - The decision to impose an 8-year ban was based on the severity of his actions, which significantly disrupted market order [6]. Industry Context - "Rat trading" has been a focal point for regulatory scrutiny, with numerous cases being prosecuted in recent years across various financial institutions, including securities firms and mutual funds [7][8].

Core Viewpoint - Jiangsu Securities Regulatory Bureau has imposed a total penalty of 1.35 billion yuan on Chen Moutao, a former vice president of a securities company, for illegal trading and insider trading activities, resulting in significant profits from these violations [1][10][11]. Summary by Sections Administrative Penalty - Chen Moutao was found to have illegally profited 18.75 million yuan from insider trading and 26.4 million yuan from illegal securities trading, leading to a total penalty of 1.35 billion yuan [1][10]. - The penalty includes the confiscation of illegal gains totaling 45.15 million yuan and fines amounting to 90.3 million yuan [11]. Background of the Case - Chen Moutao worked at the securities company since August 1999, holding various positions including vice president, and was involved in securities trading from March 2020 to March 2023 [5]. - During this period, he utilized insider information to conduct transactions across 16 different accounts, resulting in a total trading volume of 4.544 billion yuan [5][10]. Regulatory Findings - The Jiangsu Securities Regulatory Bureau determined that Chen's actions violated multiple provisions of the Securities Law, including the use of undisclosed information for trading and illegal securities transactions [5][10]. - The bureau emphasized that the nature and duration of Chen's violations, along with the significant amounts involved, warranted severe penalties [11]. Defense and Ruling - During the hearing, Chen argued for a reduction in penalties, citing his contributions to the financial industry and the excessive nature of the fines [6][8]. - The regulatory authority rejected these arguments, stating that the severity of the violations justified the imposed penalties [8][11]. Broader Industry Context - The case highlights ongoing regulatory scrutiny in the securities industry, particularly concerning insider trading and unethical practices among financial professionals [13][14]. - Other recent cases have also seen significant penalties imposed on individuals for similar violations, indicating a trend of strict enforcement by regulatory bodies [14].

监管"铁拳"再次重重落下，直指券商核心高管。 11月28日，江苏证监局披露罚单，曾担任某证券公司副总裁的陈某涛，被江苏证监局没收违法所得4515.05万元，并处以9030.1万元罚款，同时被采取8年及5 年两项证券市场禁入措施。"没一罚二"合计罚没1.35亿元。陈某涛事涉利用未公开信息从事有关证券交易、违规买卖证券。 其二，违规买卖证券方面，2011年9月15日至2023年3月12日，陈某涛作为证券从业人员，控制前述8个证券账户及"韩某"中信证券普通账户等共计16个证券 账户买卖证券，扣除前述陈某涛利用未公开信息趋同买入及与趋同买入对应的卖出金额后，累计交易股票3.34亿股，交易金额45.44亿元，盈利2640.01万 元。 在听证中，陈某涛曾以"对金融行业有贡献"、"无力承担巨额罚款"为由申辩，请求将罚款倍数调减至一倍。但江苏证监局复核后认为，该理由非法定从轻或 减轻处罚情形，对陈某涛申辩意见不予采纳。 最终，江苏证监局对陈某涛利用未公开信息交易行为，没收违法所得1875.04万元，并处以3750.08万元罚款；对陈某涛违规买卖证券行为，没收违法所得 2640.01万元，并处以5280.02万元罚款。合计罚 ...

近期，江苏证监局公布的一则行政处罚决定书显示，某券商副总裁陈某涛存在利用未公开信息从事有关证券交易、违规买卖证券等违法行为，"没一罚 二"后合计被罚没1.35亿元。 | 中国证券监督管理委员会 CHINA SECURITIES REGULATORY COMMISSION | 江苏监管局 | | | 请输入关键字 | O | | --- | --- | --- | --- | --- | --- | | 证监局介绍 辖区监管动态 首页 | 政务信息 | 办事服务 | 辖区数据 | 互动交流 | 专题专栏 | | ♀ 当前位置:首页 > 政务信息 > 主动公开目录 > 证监局主题分类 > 行政执法 | | | | | | | 索 bm56000001/2025-00013754 | | | ਜੋ ਵੇਂ | 行政执法;行政处罚决定 | | | 发布机构 | | | 发文日期 | 2025年11月26日 | | | 称 名 中国证券监督管理委员会江苏监管局行政处罚决定书(陈某涛) | | | | | | | 文 름 〔2025〕23号 | | | 主题词 | | | 此外，由于陈某涛行为恶劣、严重扰乱证券市场秩序、 ...

近日，中国证券监督管理委员会江苏监管局（下称"江苏证监局"）披露的一则行政处罚决定显示，曾担任某证券公司副总裁的陈某涛利用职务便利获取交 易信息，控制"韩某"中信证券信用账户等8个证券账户，趋同买入股票585只，合计金额8.59亿元，趋同交易盈利1875.04万元。 依据相关规定，江苏证监局对其没收违法所得4515.05万元，并处以9030.1万元罚款，"没一罚二"合计罚没1.35亿元，同时被采取8年及5年两项证券市场禁 入措施。 罚没1.35亿元 具体来看，陈某涛自1999年8月起在某证券公司任职，先后担任副总裁等职务，涉案期间系证券从业人员。陈某涛违法行为主要包括两方面： 其一，利用未公开信息从事有关证券交易。2020年3月1日至2023年3月12日，陈某涛利用职务便利，获取了相关私募基金、个人在某证券公司开立的32个 证券账户（以下简称"趋同组合账户"）的交易信息，控制"韩某"中信证券信用账户等8个证券账户，与趋同组合账户发生趋同交易，趋同买入股票585只， 趋同买入金额8.59亿元，趋同交易盈利1875.04万元。 其二，违规买卖证券。2011年9月15日至2023年3月12日，陈某涛作为证券从业人员 ...