Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its crackdown on securities industry professionals engaging in illegal stock trading, emphasizing a zero-tolerance policy towards such violations [1][2]. Group 1: Regulatory Actions - The CSRC has imposed significant penalties on multiple violators, with fines totaling 159 million yuan for severe cases involving the use of multiple accounts for trading [1]. - In 2024, a special campaign against illegal trading by securities professionals resulted in administrative penalties for 38 individuals and regulatory measures for 66 others and 7 securities firms [2]. Group 2: Reasons for Violations - Some securities professionals exhibit a lack of legal awareness and succumb to the temptation of quick profits, leading to risky behavior [2]. - The actions of these professionals not only affect their personal careers but also impact the overall image and reputation of the securities industry [2]. Group 3: Compliance and Internal Control - Securities firms are urged to enhance internal controls and compliance management, focusing on improving the ethical standards and compliance awareness of their employees [2]. - Strengthening monitoring, self-inspection, and accountability mechanisms is essential to prevent illegal stock trading by industry professionals [2].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued four administrative penalties against securities industry personnel for illegal stock trading, with the highest fine reaching 159 million yuan, highlighting the ongoing issue of market fairness and investor confidence [1][3][5]. Group 1: Regulatory Actions - On September 26, the CSRC disclosed four administrative penalties against employees of securities firms, including Zhan Xiang, Jin Yaping, Deng Wei'an, and Zhao Youqiang, for illegal stock trading [3][4]. - The penalties include a total fine of 159 million yuan for Zhan Xiang, marking the highest penalty for similar violations this year, along with a five-year market ban [3][4]. - Other penalties include confiscation of illegal gains and fines for Jin Yaping (5.005 million yuan), Deng Wei'an (35,000 yuan), and Zhao Youqiang (25.67 million yuan) [3][4]. Group 2: Market Impact - The illegal trading activities of securities personnel undermine market fairness and could lead to a loss of investor trust in market regulation, potentially affecting long-term market confidence [5][6]. - The CSRC's actions reflect a broader trend of regulatory scrutiny, as there have been multiple cases of penalties against securities personnel for similar violations throughout the year [5][6]. Group 3: Industry Response - Industry experts emphasize the need for stronger supervisory mechanisms and internal controls within securities firms to prevent such violations [6]. - There is a call for firms to have clear management systems and accountability measures in place to address employee misconduct effectively [6].

Core Viewpoint - Recent regulatory actions against securities professionals for illegal stock trading have drawn significant attention, with penalties totaling over 170 million yuan, highlighting the severity and duration of violations in the industry [1][6][12]. Group 1: Regulatory Actions - On September 26, the regulatory body issued four penalties for illegal stock trading, with the highest single case penalty exceeding 159 million yuan, marking a new high in recent years [1][6]. - The penalties involved individuals using others' accounts to trade stocks, attempting to circumvent regulations prohibiting such activities for industry professionals [1][2][6]. Group 2: Individual Cases - Zhang Xiang controlled multiple accounts for trading from February 2018 to October 2024, resulting in a total penalty of approximately 159 million yuan and a five-year market ban [2][6]. - Jin Yaping, a securities professional, faced penalties totaling over 10 million yuan for illegal stock trading over a 16-year period, making him the only currently employed professional among the violators [3][12]. - Zhao Youqiang and Deng Wei'an received lower penalties of 256,666 yuan and 350,000 yuan respectively for their violations, which occurred in 2016 and 2023 [2][6]. Group 3: Duration and Severity of Violations - The violations spanned from 2008 to 2024, with Jin Yaping's misconduct lasting the longest at 16 years, indicating a persistent disregard for regulations [6][7]. - The regulatory body has shown a commitment to pursuing accountability regardless of the time elapsed since the violations occurred [6][7]. Group 4: Defense and Rebuttal - All four individuals attempted to defend their actions, claiming reasons such as account control by others and minor infractions, but these defenses were rejected by the regulatory body [8]. - The regulatory authority confirmed the validity of the violations based on substantial evidence, emphasizing the appropriateness of the penalties imposed [8].

具体来看，四张罚单情况如下： 金亚平作为证券从业人员，存在违规买卖股票的行为。证监会决定没收金亚平违法所得500.495419万元，并处以500.495419万元的 罚款，共计罚没1000余万元。 17年资深保代违规炒股16年，被罚没千万，这成为这两天证券业最关注的罚单之一。 远不止此，监管9月26日一天连发四张违规炒股罚单，单案最高罚没金额超1.59亿元，合计罚没金额超1.7亿元，违规时间跨度长、单案罚 没金额高都是讨论的话题。 四份决定书均指出，当事人通过他人证券账户实施持有、交易股票的行为。展翔"控制使用多个他人证券账户"，金亚平"使用他人证券账户 违规持有、买卖多只股票"，邓纬安、赵友强则通过他人账户交易特定公司股票，均试图通过"代持"或"借用账户"的方式规避监管部门对从 业人员炒股的禁止性规定。 展翔为证券公司从业人员，在从业期间通过他人违规投资交易多个公司股票。2018年2月至2024年10月，展翔控制使用多个他人证券 账户持有、买卖多只股票。证监会决定：责令展翔依法处理非法持有的股票，并处罚没款共计159,497,159.49元。鉴于展翔在从业期间 控制使用多人证券账户持有、买卖股票，持续时间较 ...

中经记者 孙汝祥 夏欣 实习生 刘卿 北京报道 中国证监会近日对4名证券从业人员非法买卖股票分别作出行政处罚，罚没款金额合计1.7亿元，其中， 展翔被处罚没1.59亿元。 《行政处罚决定书》显示，案涉期间，展翔为证券公司从业人员，其在从业期间通过他人违规投资交易 多个公司股票。2018年2月至2024年10月，展翔控制使用多个他人证券账户持有、买卖多只股票。 为此，证监会责令展翔依法处理非法持有的股票，并处罚没款共计159497159.49元。鉴于展翔在从业期 间控制使用多人证券账户持有、买卖股票，持续时间较长，情节严重，证监会决定对展翔采取5年证券 市场禁入措施。 此外，证监会查明，案涉期间，证券公司从业人员赵友强、邓纬安、金亚平，通过他人交易相关公司股 票，或使用他人证券账户违规持有、买卖多只股票，分别被证监会罚没32.67万元、52.50万元、1000.99 万元。 证监会官网显示，2024年，证监会开展打击证券从业人员违规炒股专项治理行动，对38名从业人员作出 行政处罚，对66名从业人员、7家证券公司采取出具警示函、监管谈话等行政监管措施。其中，对证券 公司高管孙某祥违规买卖股票等违法行为开出同类案件 ...

此外，证券从业人员的赵友强、邓纬安、金亚平也因类似的违规行为受到处罚。 近年来，从业人员违规炒股屡禁不止。证监会此前披露，去年有38名从业人员违规炒股被行政处罚，其 中湘财证券前总裁孙某被罚没金额最大，达到1800万元。今年以来，也有多名从业人员违规炒股被处罚 或警示。 5月28日，海南证监局披露，时任太平洋证券海口分公司总经理的王某，因违规买卖股票被处罚。而5个 月前，太平洋证券海口分公司还曾因员工违反适当性管理规定被监管出具警示函。 5月12日，新疆证监局披露，中银证券乌鲁木齐东风路营业部朱某，控制他人账户累计买入金额近3000 万元，亏损20万元，被处以5万元罚款。 此外，华安证券宿州分公司某员工、云南约牛证券投资咨询有限公司某员工等多名证券从业人员，因触 及监管"红线"被采取行政处罚或警示等监管措施。 图片来源：视觉中国 9月26日，证监会接连发布多则行政处罚决定书，对4名证券从业人员的违规买卖股票行为作出严厉处 罚。其中，最大罚没金额高达1.59亿元。 处罚决定书显示，证监会对展翔作为证券从业人员违规买卖股票的行为进行立案调查。 经查明，展翔存在以下违法事实：案涉期间，展翔为证券公司从业人员，其在从 ...

Core Viewpoint - The article discusses the administrative penalties imposed by the Xiamen Securities Regulatory Bureau on three securities practitioners for illegal stock trading activities, highlighting the need for stricter compliance and internal monitoring within securities firms [1][4][11]. Group 1: Penalties on Practitioners - A "post-95" practitioner engaged in illegal stock trading with a total transaction amount of approximately 9.79 million yuan, earning a profit of 5,579.29 yuan, and was fined 40,000 yuan [1][4]. - Another practitioner, born in 1986, traded stocks and convertible bonds with a total transaction amount of 1.92 million yuan, earning a profit of 4,069.91 yuan, and was also fined 40,000 yuan [1][9]. - The third practitioner, born in 1973, had a total transaction amount of about 5.77 million yuan, incurring a loss of 48,555.17 yuan, and was fined 40,000 yuan [1][13]. Group 2: Regulatory Actions - The Xiamen Securities Regulatory Bureau has initiated a special rectification plan to combat illegal trading by securities practitioners, emphasizing the importance of compliance management and internal monitoring within securities firms [1][4]. - The bureau plans to conduct on-site inspections to ensure that securities companies strengthen their internal monitoring, self-examination, and accountability mechanisms [1][4].

Core Viewpoint - The article discusses recent administrative penalties imposed by the Xiamen Securities Regulatory Bureau on three securities practitioners for illegal stock trading activities, highlighting the regulatory crackdown on such behaviors within the industry [1][2]. Group 1: Case of Wang - Wang, a 95-born securities practitioner, engaged in illegal stock trading with a total transaction amount of approximately 9.79 million yuan, resulting in a profit of 5,579.29 yuan, and was fined 40,000 yuan [2][4][7]. - The investigation revealed that Wang did not contest the allegations and failed to provide any defense during the proceedings [3][6]. Group 2: Case of Chen - Chen, born in 1986, conducted illegal trading activities with a total transaction amount of 1.92 million yuan, earning a profit of 4,069.91 yuan, and was also fined 40,000 yuan [8][12]. - Chen's actions were acknowledged as violations of the Securities Law, and he actively corrected his illegal behavior during the investigation [9][12]. Group 3: Case of Zheng - Zheng, born in 1973, was found to have engaged in illegal trading with a total transaction amount of approximately 5.77 million yuan, incurring a loss of 48,555.17 yuan, and was fined 40,000 yuan [13][15][19]. - Similar to the other cases, Zheng did not contest the findings and took steps to rectify his illegal actions during the investigation [14][18].

Core Viewpoint - The recent administrative penalty against Zheng Han, an employee of Changcheng Guorui Securities, highlights ongoing issues of insider trading and regulatory compliance within the securities industry [1][4]. Group 1: Incident Details - Zheng Han engaged in stock and convertible bond trading using a borrowed account from February 7, 2022, to February 1, 2024, with a total transaction amount of 5.7667 million yuan [1]. - Despite the high trading volume, Zheng incurred a total loss of 48,555.17 yuan from these transactions [1]. - The regulatory body imposed a fine of 40,000 yuan on Zheng for violating the Securities Law, which prohibits securities personnel from trading under false names or others' accounts [1]. Group 2: Industry Analysis - The persistence of insider trading among securities personnel is attributed to information asymmetry, the temptation of profits, and inadequate penalties for violations [4]. - Employees often exploit their access to non-public information to gain unfair advantages in trading, leading to potential short-term profits [4]. - Current penalties for violations are perceived as insufficient to deter misconduct, and many brokerage firms lack robust internal controls to monitor employee trading activities effectively [4]. - Regulatory authorities have reiterated the importance of compliance and have committed to strict enforcement against any violations by securities personnel [4].

Core Viewpoint - The Xiamen Securities Regulatory Bureau has disclosed three administrative penalty decisions related to securities professionals engaging in illegal trading activities, highlighting a broader crackdown on such violations across the industry in 2024 [1][4]. Group 1: Administrative Penalties - Three individuals from Longcheng Guorui Securities and Jinyuan Tongyi Securities were penalized for illegal trading activities, with penalties including fines and confiscation of illegal gains [2][4]. - Zheng Han, born in 1973, incurred a total transaction amount of 5.7667 million yuan with a loss of 48,600 yuan, resulting in a fine of 40,000 yuan due to no illegal gains [2][3]. - Chen Zhongbin, born in 1986, had a transaction amount of 1.9246 million yuan with a profit of 4,069.91 yuan, leading to confiscation of the profit and a fine of 40,000 yuan [2][3]. - Wang Jian, born in 1995, had a transaction amount of 9.7917 million yuan with a profit of 5,579.29 yuan, also facing confiscation of the profit and a fine of 40,000 yuan [2][3]. Group 2: Regulatory Actions - In 2024, the regulatory authorities intensified their crackdown on illegal trading by securities professionals, with 59 cases of violations being addressed across the industry [4]. - A total of 10 administrative penalties were issued in the first half of 2025, involving various securities firms including Zhongshan Securities, Guodu Securities, and others [4]. - The penalties affected not only regular employees but also department heads and senior management, indicating a comprehensive approach to enforcement [4]. Group 3: Specific Cases - Yang Jiangquan, a former executive at Guodu Securities, was fined 150,000 yuan for holding and selling shares of Chengda Biological, resulting in a loss of 1.309 million yuan [5].