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].

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].

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].

有媒体报道指出上述线索指向国寿安保基金原基金经理李丹。公开资料显示，李丹于2013年11月加入国 寿安保基金，并在2024年9月4日卸任其全部在管基金。 国寿安保基金表示，下一步，将持续推进合规文化建设，对各类违规违纪行为零容忍，推进公司高质量 发展， 坚决维护持有人利益，一如既往地为持有人创造更多价值。 北京商报讯（记者 李海媛）8月18日，国寿安保基金表示，近期关注到，有媒体对本公司前员工被监管 机构行政处罚相关事项进行了报道，并表示该名前员工所涉及到行政处罚的相关事项，系其个人行为。 8月18日，天津证监局发布行政处罚决定书指出，2013年12月9日，李丹入职某基金管理有限公司。2016 年2月3日至2024年2月8日，李丹担任某基金的基金经理，负责该基金具体投资运作，知悉该基金投资决 策情况、交易情况、持仓情况等未公开信息。 天津证监局指出，2022年3月22日至2024年2月8日期间，李丹控制"王某"证券账户从事与基金未公开信 息相关的交易活动，李丹作出交易决策，指示杨某尘具体实施下单操作，相关行为违反了《基金法》相 关规定，经复核，天津证监局决定对李丹处以60万元罚款。 ...

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].

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].

又有基金"老鼠仓"曝光！ 8月18日，天津证监局披露了一起"老鼠仓"案，。一位名为李丹的基金经理在从业期间，利用未公开信息从事相关交易活动。 经查，李丹趋同买入股票41只，趋同买入股票占比74.55%，趋同买入金额3311.97万元，趋同买入金额占比72.77%。相关交易亏损，李丹最终被处以60万 罚款。 对照证监局披露的公开信息，李丹或为国寿安保基金前任基金经理。她在2016年2月3日至2024年2月8日期间，掌舵国寿安保核心产业混合基金。 又有"老鼠仓"曝光 8月18日，天津证监局披露一则《行政处罚决定书》，揭开了基金行业又一起"老鼠仓"案。 二、李丹利用未公开信息从事相关交易活动 2022年3月22日至2024年2月8日，李丹控制"王某"证券账户从事与基金未公开信息相关的交易活动，李丹作出交易决策，指示杨某尘具体实施下单操作。 相关交易与基金发生交易趋同，趋同买入股票41只，趋同买入股票占比74.55%，趋同买入金额3311.97万元，趋同买入金额占比72.77%，交易亏损。 《行政处罚决定书》显示，当事人名为李丹，女，1982年10月出生，住址为北京市海淀区。经天津证监局查明，李丹存在以下违法事实： ...

Core Viewpoint - A case of "mouse warehouse" involving a female fund manager named Li Dan has been exposed, resulting in a fine of 600,000 yuan due to trading activities based on undisclosed information, leading to significant losses for the fund [1][6]. Group 1: Case Details - The Tianjin Securities Regulatory Bureau disclosed the case on August 18, revealing that Li Dan engaged in trading activities using non-public information while managing a fund [2][4]. - Li Dan was found to have bought 41 stocks in a manner that was consistent with the fund's trading, with a total investment amounting to 33.12 million yuan, representing 72.77% of the total trading amount [5]. - The investigation confirmed that Li Dan's actions violated the Fund Law, leading to her being penalized with a fine of 600,000 yuan [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 as a research analyst and investment manager before joining Guoshou Anbao Fund [7][8]. - She served as the fund manager for the Guoshou Anbao Core Industry Flexible Allocation Mixed Fund from February 3, 2016, to February 8, 2024, during which the fund's net value decreased by 7.77% [9]. - Under her management, the annualized return of the public equity products she managed was 0.61%, underperforming the CSI 300 Index, while the annualized return of the public debt products was 3.84%, underperforming the Zhongzheng Comprehensive Bond Index [10].

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].

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].