CYSIC @cysic_xyz 的老鼠仓又被人查到了现在这些项目方反正装都不装了明牌老鼠仓反正交易所也不会管交易所收上币费+保证金项目方老鼠仓出货赚钱各取所需，各自赚钱我们能做的就一条-----不接盘 https://t.co/EI4Tq2yp80 ...

Core Viewpoint - The recent regulatory fines highlight significant compliance and internal control issues within the securities industry, particularly in brokerage and investment banking sectors, indicating a trend towards stricter accountability and oversight [1][9]. Brokerage Business Violations - Four fines were issued in the brokerage sector, with notable cases including Liu Li from Southwest Securities for failing to report his actual mobile number and receiving excessive performance bonuses, and another individual penalized a total of 10.03 million yuan for insider trading [2][3]. - The fines reflect a dual accountability approach, targeting both individual misconduct and broader management failures within brokerage firms [2]. Insider Trading Cases - A significant case involved a securities employee, Yu, who utilized undisclosed information to conduct trades, resulting in a total penalty of 10.03 million yuan, including confiscation of illegal gains [3][4]. - The regulatory response to insider trading emphasizes a zero-tolerance policy, particularly against those in managerial positions who exploit their access to confidential information [4]. Investment Banking Violations - The investment banking sector faced scrutiny as two firms, Huatai United and Guoyuan Securities, along with four project leaders, were collectively warned for violations related to the 2025 acquisition project of Fuhuang Steel Structure [6][9]. - This incident illustrates a trend of "multi-party accountability," where not only the firms but also associated legal entities are held responsible for compliance failures [6][7]. Regulatory Signals - The recent fines convey several regulatory signals, including a focus on individual accountability alongside institutional responsibility, a crackdown on conflicts of interest and information misuse, and an emphasis on the due diligence responsibilities of intermediary institutions [9]. - Enhanced regulatory measures, including data monitoring and penetrative oversight, are increasingly effective in uncovering hidden violations within the industry [9].

11月28日，江苏证监局公布的一则行政处罚决定书显示，某证券公司高级管理人员陈某涛于2020年3月1日至2023年3月12日利用职务便利，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。 | 索 | bm56000001/2025-00013754 | 分类 | | | --- | --- | --- | --- | | 发布机构 | | 发文日期 | 17641 | | જ્ઞ 称 | 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 블 | (2025) 23号 | 主题词 | | 调查还发现，陈某涛长期违规炒股。自2011年9月起至2023年3月，在长达11年的时间里，作为证券从业人员，陈某涛违规控制了前8个账户和16个证券账户 进行股票交易，总成交金额达45.44亿元，盈利2640万元。 陈某涛被江苏证监局没收违法所得4515.05万元，并处以9030.10万元罚款，总计约为1.35亿元，同时陈某涛分 ...

出品｜搜狐财经 作者｜李保铭 老鼠仓年年有，今年特别多！ 最近，江苏证监局刚丢下一颗劲爆炸弹：某券商前副总裁，三年获取32个账户交易信息、实控8个账户趋同交易，靠 着"职务便利"一路狂抄作业。 三年时间，狂赚1875万，相当于一年625万稳稳进账！这钱来的是不是太容易点儿了。 除此之外，他还通过违规买卖证券赚了2640万。 但最终监管一算账，不仅没收了他4515万的违法所得，还罚了9030万，一共1.35亿！ 真可谓轻轻松松两三年，一秒回到解放前啊。看来，勤劳致富这话真不是盖的，轻松赚的钱，也注定会被轻松收回。 不到一年，已经赚了8857.69万！ 监管也没墨迹，除了罚没其违法所得外，还额外罚了一倍，合计1.77亿元。 这时候，媒体也踩点爆料，疑似关联到九章资产、幻方量化——也就是大家熟的DeepSeek的兄弟公司。 大A股民这几年为啥一直"负重前行"？合着有人替你"岁月静好"呢。 要说这也不是Deepseek关联公司第一次出事儿了。 去年幻方量化市场总监被查，5年时间伙同券商"赚了"1.18亿返佣，自己落袋2000多万。 如此多的老鼠仓、灰黑产，破坏交易公平、引发大量不满，专家更是呼吁要加大监管力度。 不过 ...

又有券商从业人员因涉"老鼠仓"被监管重罚。 11月28日，江苏证监局公布的一则行政处罚决定书（以下简称"决定书"）显示，作为证券从业人员 的陈某涛，因利用未公开信息从事有关证券交易、违规买卖证券，被江苏证监局没收违法所得4515.05 万元，并处以9030.10万元罚款，同时被采取8年及5年两项证券市场禁入措施。 值得注意的是，陈某涛自1999年8月起便在某证券公司任职，先后担任副总裁等职务。 长期以来，"老鼠仓"行为被严监严管。近年来，利用未公开信息交易及其预防、打击工作持续受到 金融监管机构及司法机关的关注，券商、公募基金、私募基金等领域每年都有多起"老鼠仓"案件被查 处。 利用未公开信息交易 "老鼠仓"行为，是指证券基金等金融机构从业人员在履行职责过程中，掌握、知悉大量投资决策、 交易动向、资金变化等未公开信息，未依法严格履行保密、忠实义务，向第三人透露相关未公开信息， 直接或变相利用未公开信息牟取利益，该行为可能会被行政处罚甚至构成违法犯罪。 本次查处的"老鼠仓"直指券商高管。决定书显示，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。 ...

11月28日，江苏证监局公布的一则行政处罚决定书（以下简称"决定书"）显示，作为证券从业人员的陈 某涛，因利用未公开信息从事有关证券交易、违规买卖证券，被江苏证监局没收违法所得4515.05万 元，并处以9030.10万元罚款，同时被采取8年及5年两项证券市场禁入措施。 值得注意的是，陈某涛自1999年8月起便在某证券公司任职，先后担任副总裁等职务。 长期以来，"老鼠仓"行为被严监严管。近年来，利用未公开信息交易及其预防、打击工作持续受到金融 监管机构及司法机关的关注，券商、公募基金、私募基金等领域每年都有多起"老鼠仓"案件被查处。 又有券商从业人员因涉"老鼠仓"被监管重罚。 利用未公开信息交易 "老鼠仓"行为，是指证券基金等金融机构从业人员在履行职责过程中，掌握、知悉大量投资决策、交易 动向、资金变化等未公开信息，未依法严格履行保密、忠实义务，向第三人透露相关未公开信息，直接 或变相利用未公开信息牟取利益，该行为可能会被行政处罚甚至构成违法犯罪。 本次查处的"老鼠仓"直指券商高管。决定书显示，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。 陈 ...

Core Viewpoint - A former executive of a Shanghai brokerage, Chen, was fined 135 million yuan for engaging in insider trading by following private equity and personal accounts, raising concerns about the integrity of the securities industry [2][5]. Group 1: Details of the Case - Chen utilized his position to access trading information from 32 accounts linked to private equity and individuals, executing synchronized trades with eight accounts, resulting in a total investment of 859 million yuan across 585 stocks, yielding a profit of 18.75 million yuan [3]. - Over a 12-year period from 2011 to 2023, Chen's total trading volume reached 4.544 billion yuan, with profits amounting to 26.4 million yuan [3][4]. Group 2: Regulatory Actions - The Jiangsu Securities Regulatory Bureau ordered the confiscation of illegal gains totaling 18.75 million yuan and imposed fines amounting to 37.5 million yuan for insider trading, along with additional fines of 52.8 million yuan for illegal securities trading [4][5]. - Chen faces an eight-year ban from holding senior management positions in any securities-related business and a five-year prohibition from trading securities directly or indirectly [5]. Group 3: Legal Context - The case highlights that not only preemptive trading constitutes insider trading; synchronized trading based on non-public information is also considered a violation, as it undermines market fairness [6][8]. - The Securities Law prohibits the use of non-public information for trading, and the legal framework includes provisions for severe penalties for such actions [7][8]. Group 4: Precedents and Implications - There are precedents for criminal liability in similar cases, with previous instances leading to significant prison sentences and fines for individuals found guilty of insider trading [9][10].

2025.12. 01 本文字数：2310，阅读时长大约4分钟 作者 | 第一财经 杜卿卿 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。 "机构自营账户信息是未公开信息的重要组成部分，同时客户的信息也是可能发生老鼠仓的重灾区， 公募基金、私募基金、资管等所有涉及股票等证券交易的机构，都可能存在类似问题。"上海久诚律 师事务所主任许峰对第一财经表示，建议将内控制度和外部检查结合起来，内控制度除了建设，还应 该通过外部机构监督落实，避免制度架空，落实不到位。 趋同交易8.59亿 陈某涛1963年1月出生，1999年起在券商任职，曾担任券商首席信息官、零售客户总经理、副总裁 等职务。 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" ...

Core Viewpoint - The Jiangsu Securities Regulatory Commission has imposed a significant fine of 135 million yuan on Chen Moutao, a former vice president of a securities company, for insider trading and illegal stock trading activities [1][2]. Group 1: Penalty Details - Chen Moutao was fined a total of 135 million yuan and received a ban from the securities market for 8 years and 5 years, respectively [1]. - The penalty was based on his misuse of confidential information to conduct trades from March 1, 2020, to March 12, 2023, involving 585 stocks and a total trading amount of approximately 859.41 million yuan, resulting in profits of about 18.75 million yuan [1]. Group 2: Defense and Regulatory Response - During the hearing, Chen argued that his actions were mimicking trades rather than front-running trades, claiming lower social harm and requesting a reduction in the penalty [2]. - The Jiangsu Securities Regulatory Commission rejected his claims, stating that his contributions to the financial industry and inability to pay the fine did not constitute valid reasons for leniency [2]. Group 3: Broader Regulatory Context - The regulatory environment has become increasingly stringent, with recent actions against insider trading and "rat trading" practices, including a case involving another securities company executive fined 4.7 million yuan for similar violations [2]. - In May, a fine was also issued to a senior manager at a leading brokerage for engaging in similar trading activities, highlighting ongoing regulatory scrutiny in the industry [3].

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。 "机构自营账户信息是未公开信息的重要组成部分，同时客户的信息也是可能发生老鼠仓的重灾区，公 募基金、私募基金、资管等所有涉及股票等证券交易的机构，都可能存在类似问题。"上海久诚律师事 务所主任许峰对第一财经表示，建议将内控制度和外部检查结合起来，内控制度除了建设，还应该通过 外部机构监督落实，避免制度架空，落实不到位。 "双罪并罚"，总计罚没款1.35亿元。 陈某涛还被同时采取"身份类"和"交易类"市场禁入措施。一是8年不得担任"董监高"，即在禁入期间内, 不得继续在原机构也不得在其他任何机构中从事证券业务、证券服务业务或者担任证券发行人的董事、 监事、高级管理人员职务。二是5年不得直接或者以化名、借他人名义在证券交易所交易上市或者挂牌 的所有证券。 不只抢先建仓才是"老鼠仓" ...