Core Viewpoint - The China Securities Regulatory Commission (CSRC) has intensified its crackdown on insider trading, exemplified by the recent case against Chen Jinquan, who was fined and had his illegal gains confiscated, reflecting a "zero tolerance" policy towards such violations [1][3][5]. Group 1: Regulatory Actions - The CSRC has imposed a total penalty of approximately 34.74 million yuan on Chen Jinquan, which includes the confiscation of illegal gains of about 5.79 million yuan and a fine of approximately 28.95 million yuan, following the "confiscate one and fine five" principle [1][5]. - The regulatory body has increased the penalty ratios for insider trading cases, with many cases adopting a "confiscate one and fine three" standard, and some severe cases even reaching "confiscate one and fine six" [3][6]. Group 2: Insider Trading Case Details - Chen Jinquan engaged in insider trading between January 5 and January 9, 2023, coinciding with the formation and announcement of sensitive insider information regarding a major contract by the relevant company on January 10, 2023 [4][5]. - The insider information was determined to have formed no later than November 13, 2022, and was publicly disclosed on January 10, 2023, indicating a clear timeline of illegal trading activities [4][6]. Group 3: Broader Regulatory Environment - The CSRC has maintained a high-pressure stance against insider trading, utilizing legal revisions, enforcement practices, and technical monitoring to strengthen oversight [6][7]. - The new Securities Law, effective from March 2020, has raised the maximum penalty for insider trading to ten times the illegal gains, reflecting a more stringent regulatory framework [6].

见习记者 舍梨 6 月 20 日，中国证监会公布了一则行政处罚决定书，对陈金全内幕交易行为进行了立案调 查。 证监会决定，没收陈金全违法所得约 579 万元，并处以约 2895 万元罚款，也就是 " 没一罚五 " ，合计罚没约 3474 万元。 今年以来，监管部门对内幕交易的罚没比例显著提高，多数案件采用 " 没一罚三 " 标准，部 分情节严重案件进一步加大处罚力度，如 " 没一罚五 " ，甚至此前还有 " 没一罚六 " 。这 一趋势凸显监管对违法违规行为 " 零容忍 " ，通过穿透式追责与高额罚没等举措以增强执法 威慑力。 内幕交易遭 " 没一罚五 " 经查，内幕信息敏感期内，陈金全与相关内幕信息知情人多次联络接触。 2023 年 1 月 5 日 至 9 日，陈金全交易相关公司股票。经计算，陈金全共获利约 579 万元。陈金全买入相关公 司股票时间与内幕信息的形成、变化时间高度吻合，且存在突击买入、集中买入、成交量明 显放大等情形，交易行为明显异常。 从内幕信息形成情况来看， 2023 年 1 月 10 日，相关公司发布《关于签订重大合同的公 告》。公告所涉事项属于《证券法》第八十条第二款第三项规定的 " ...

6月20日晚间，证监会发布11份行政处罚决定书，编号为〔2025〕66号—76号，涉及案由均为内幕交 易，罚没金额约6000万元。 （21财经） ...

6月20日晚间，证监会发布11份行政处罚决定书，编号为〔2025〕66号—76号，涉及案由均为内幕交易，罚没金额约6000万元。 涉同一案件，9人被罚没1600万元 南财快讯记者注意到，前七条（66号至72号）披露的信息均显示，2023年4月23日，相关公司披露《关于筹划公司控制权变更的停牌公告》并于次日按计划 停牌。上述控制权变更事项在公开前为内幕信息。该内幕信息不晚于2022年10月26日形成，公开于2023年4月23日。 记者检索日期与公告发现，2023年4月23日晚间，惠伦晶体（300460.SZ）披露了《关于筹划公司控制权变更的停牌公告》。 | 公告日期 ◆ | 证券代码 | 证券简称 | 发布时间 = | | 公告标题 | | --- | --- | --- | --- | --- | --- | | 2023-04-24 | 300460.SZ | 惠伦晶体 | 2023-04-23 15:52 | 惠伦晶体：关于筹划公司控制权变更的停牌公告 | | 其中66号行政处罚决定书显示，邵力行为内幕信息知情人，知悉时点不晚于2023年1月9日。在2023年1月9日至4月23日期间，邵力行通过他人账户交 ...

证券代码：002277 证券简称：友阿股份 编号：2025–040 湖南友谊阿波罗商业股份有限公司 关于发行股份及支付现金购买资产并募集配套资金暨关联交 一、本次交易的内幕信息知情人自查区间 本次交易的内幕信息知情人自查期间为本次交易申请停牌日前 6 个月至《湖 -1- 南友谊阿波罗商业股份有限公司发行股份及支付现金购买资产并募集配套资金暨 关联交易报告书（草案）》披露之前一交易日，即 2024 年 5 月 26 日至 2025 年 5 月 27 日（以下简称"自查期间" ）。 二、本次交易的内幕信息知情人核查范围 本次交易的内幕信息知情人核查范围包括： 易相关内幕信息知情人买卖股票情况自查报告的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 根据中国证券登记结算有限责任公司深圳分公司出具的《信息披露义务人持 股及股份变更查询证明》《股东股份变更明细清单》，以及本次交易相关内幕知情 人等相关方出具的自查报告、说明及承诺函等文件，在内幕信息知情人等相关方 出具的自查报告和承诺函等文件真实、准确、完整的前提下，相关自然人和机构 在自查期间买卖公司 ...

中国证监会发布行政处罚决定书，内幕信息敏感期内，陈金全与相关内幕信息知情人多次联络接触。 2023年1月5日至9日，陈金全交易相关公司股票。经计算，获利5,789,901.96元。陈金全买入相关公司股 票时间与内幕信息的形成、变化时间高度吻合，且存在突击买入、集中买入、成交量明显放大等情形, 交易行为明显异常。证监会决定：没收陈金全违法所得5,789,901.96元，并处以28,949,509.80元罚款。 ...

Core Viewpoint - The significant discrepancies in the earnings forecast and earnings report of HeDa Technology necessitate regulatory investigation to uncover potential issues related to internal controls and market manipulation [1][4]. Group 1: Earnings Forecast and Adjustments - On January 24, HeDa Technology announced an expected net profit of approximately 5 million to 7 million yuan for 2024, indicating a turnaround from losses [2]. - The company later revised its forecast on March 31, correcting the expected net profit to -563.6 million yuan, a decrease of 1,092.78 million yuan, representing a decline of 206.50% [2]. - The final annual report confirmed the net profit of -563.61 million yuan, consistent with the revised forecast [2]. Group 2: Stock Price Movements - HeDa Technology's stock price rose from 9.72 yuan on January 13 to a peak of 16.16 yuan on March 7, marking a significant increase of 66.26%, which outperformed the Shanghai Composite Index's 9.49% rise during the same period [3]. - Following the earnings correction, the stock price fell to a low of 9.86 yuan by April 9, reflecting a decline of 38.99%, which was substantially greater than the Shanghai Composite Index's 11.58% drop [3]. Group 3: Investor Impact and Regulatory Need - The fluctuations in HeDa Technology's stock price resulted in unintended gains for investors during the initial rise and subsequent losses during the decline, closely tied to the company's earnings announcements [4]. - The potential for market manipulation, insider trading, and information leakage raises concerns that cannot be resolved solely by the company's response, highlighting the necessity for regulatory investigation [4].

证券代码：003013 证券简称：地铁设计 公告编号：2025-039 广州地铁设计研究院股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 根据中国证券登记结算有限责任公司深圳分公司出具的《信息披露义务人持 股及股份变更查询证明》《股东股份变更明细清单》、本次交易相关内幕知情人 等相关方出具的自查报告、相关说明及承诺等文件，在上述内幕信息知情人等相 关方出具的自查报告及相关说明及承诺真实、准确、完整的前提下，上述相关机 构和自然人在自查期间买卖广州地铁设计研究院股份有限公司（以下简称"地铁 设计""上市公司"或"公司"）股票的行为不属于利用本次交易的内幕信息进 行的内幕交易行为，对本次交易不构成实质性障碍；除上述情况外，纳入本次交 易核查范围内的其他内幕知情人等相关方在自查期间不存在于二级市场买卖上 市公司股票的情况；本次交易不存在因涉嫌内幕交易被中国证监会立案调查或者 被司法机关立案侦查的情形，符合《深圳证券交易所上市公司自律监管指引第 8 号——重大资产重组》之相关规定。 公司拟通过发行股份的方式购买广州地铁集团有限公司（以下简称" ...

证券代码：300677 证券简称：英科医疗 公告编号：2025-086 英科医疗科技股份有限公司 关于 2025 年限制性股票激励计划内幕信息知情人及 激励对象买卖公司股票情况的自查报告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 英科医疗科技股份有限公司（以下简称"公司"）于2025年5月29 日召开了第四届董事会第五次会议和第四届监事会第五次会议，会议 审议通过了《关于公司<2025年限制性股票激励计划（草案）>及其摘 要 的 议 案 》 等 相 关 议 案 ， 并 于 2025 年 5 月 30 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn，下同）披露了相关公告。 一、核查的范围及程序 根据《上市公司股权激励管理办法》 （以下简称"《管理办法》 "）、 《上市公司信息披露管理办法》等有关法律、法规和规范性文件以及 公司相关内部保密制度的规定，公司对2025年限制性股票激励计划 （以下简称"激励计划"或"本激励计划" ）采取了充分必要的保密 措施，同时对本激励计划的内幕信息知情人进行了必要登记。 根据《上市公司股权激励管理办法》 《深圳证 ...

Core Points - The financial disclosure report submitted by President Trump reveals significant income from various luxury real estate and business projects, many valued at tens of millions of dollars [1] - Trump's major income source includes approximately $57.36 million from holding shares in World Liberty Financial, a cryptocurrency platform that launched last year [3] - The report also lists debt information, including at least $15,000 in American Express credit card debt and compensation obligations related to a defamation case [4] Group 1 - Trump's financial disclosure indicates millions in income from merchandise bearing his name, such as guitars, Bibles, and watches [5] - A nonprofit news site reported that several senior U.S. officials and congressional staff engaged in timely stock trades, raising questions about potential insider trading [5][7] - The report highlights that U.S. Attorney General Pam Bondi sold shares of Trump's media company on the same day he announced tariffs, leading to a significant stock price drop [7] Group 2 - Transportation Secretary Sean Duffy sold shares of about thirty companies just before Trump announced tariffs, with his spokesperson claiming the trades were managed by a client advisor [7] - The report notes that numerous officials sold stocks before market downturns caused by tariff policies, with many denying any insider knowledge [7][8] - Trump faced scrutiny for promoting stock purchases on social media, which coincided with a significant rise in his media company's stock price [8][10]