中经记者罗辑中经实习记者 孙小琴北京报道 据《中国经营报》记者不完全统计，今年以来，多家券商因"老鼠仓"行为被监管部门处罚，这也暴露出 券商内控薄弱环节，信息隔离墙制度还应进一步完善。 多位业内人士表示，近年来机构"老鼠仓"涉案人员从投资端岗位转向IT岗位。各级监管机构应积极加快 监管技术革新，并丰富处罚手段、加大处罚力度，大幅提升"老鼠仓"违法成本，对该违法行为形成有力 打击和震慑。同时，严监管也倒逼金融机构完善内控，查漏补缺。 未盈利也遭重罚 尽管上述交易均未产生违法所得，但黑龙江证监局依据相关规定，对汤某明处以470万元罚款。 黑龙江证监局发布的处罚决定书显示，汤某明于2022年11月至2023年6月在某证券公司证券投资部实际 履职，此后于2023年6月至2024年2月在某证券公司证券投资部任总经理。上述任职期间，因职务便利， 汤某明知悉券商自营账户股票投资交易、持仓情况等未公开信息，并控制使用邢某、罗某英、胡某娟的 账户进行趋同交易，以及暗示他人从事相关交易。 其中，汤某明控制使用邢某、罗某英、胡某娟三个股票账户分别在沪深两市累计趋同买入177只、55 只、123只股票，累计趋同买入金额55134.9 ...

Core Viewpoint - The recent administrative penalties imposed by the Anhui and Jilin Securities Regulatory Bureaus highlight significant violations involving insider trading by senior IT personnel at major securities firms, emphasizing the need for stricter oversight and management of access to sensitive information within the industry [1][4][12]. Group 1: Administrative Penalties - The Anhui Securities Regulatory Bureau penalized Li Haipeng, a senior IT manager at CITIC Securities, for insider trading, resulting in a total fine and confiscation of 426.28 million yuan [1][7]. - The Jilin Securities Regulatory Bureau imposed penalties on Shao, a senior manager at Huatai Securities, for similar violations, totaling 107.18 million yuan in fines and confiscation [4][11]. Group 2: Details of Violations - Li Haipeng utilized his access to the CRM system to trade stocks based on undisclosed information, controlling a personal account that executed trades exceeding 60 million yuan, with 29 million yuan in profits from trades aligned with a specific fund [8][12]. - Shao accessed the OA system to gain insights into Huatai Securities' proprietary accounts, engaging in trades that mirrored the firm's activities, with a total trading amount of approximately 347 million yuan over 14 years [9][10][11]. Group 3: Regulatory Implications - The penalties underscore the vulnerability of IT personnel in securities firms to insider trading, necessitating enhanced regulatory measures, including stricter access controls and monitoring of trading activities [12][13]. - The China Securities Association has proposed guidelines to manage the investment behaviors of senior personnel, particularly those with access to sensitive information systems, to prevent misuse of insider information [12][13].

Core Viewpoint - Recent cases of illegal trading using undisclosed information, known as "rat trading," highlight significant compliance issues within the brokerage industry, prompting regulatory bodies to intensify oversight and improve risk management systems [1][2][3]. Group 1: Regulatory Actions - The Anhui Securities Regulatory Bureau imposed fines exceeding 4.26 million yuan on a senior manager for illegal stock trading using undisclosed information [1] - A similar case in Jilin resulted in fines over 1.07 million yuan for a former brokerage employee involved in "convergent trading" [1] - In 2024, the China Securities Regulatory Commission (CSRC) has already cracked down on 15 cases of illegal trading, with one senior investment manager facing penalties exceeding 64 million yuan [1] Group 2: Compliance Issues - Both individuals involved in the recent cases were senior IT professionals at brokerages, indicating a misuse of technical privileges and a lack of internal controls [2] - The cases reveal significant compliance gaps, including inadequate scrutiny of employee accounts and trading behaviors [2] Group 3: Industry Response - The China Securities Association is seeking industry feedback on guidelines aimed at enhancing compliance management for securities personnel, emphasizing comprehensive coverage in personnel and behavior management [3] - The guidelines specifically target IT-related positions as key areas for scrutiny to prevent misuse of undisclosed information [3] - Regulatory bodies are urged to strengthen oversight, collaborate with judicial authorities, and impose strict legal consequences to deter illegal activities in the capital market [3] Group 4: Ethical Standards - Securities professionals are reminded to adhere to principles of honesty and diligence, avoiding complacency that could lead to illegal actions [4]