Core Viewpoint - The article highlights a case of "rat trading" in the fund industry involving a former fund manager, Li Dan, who engaged in illegal trading activities using insider information, resulting in a fine of 600,000 yuan by the Tianjin Securities Regulatory Bureau [1][3][6]. Group 1: Case Details - Li Dan, a former fund manager at Guoshou Anbao Fund, was found to have controlled another person's securities account to conduct trades based on non-public information from March 2022 to February 2024, with a total buy amount of 33.12 million yuan [1][3]. - The investigation revealed that Li Dan executed trades in 41 stocks, with 74.55% of the trades being in line with the fund's transactions, leading to a total trading loss [3][6]. - Despite Li Dan's claims that some trades were not directed by her and had reasonable explanations, the Tianjin Securities Regulatory Bureau did not accept her defense [3][6]. Group 2: Regulatory Environment - The case reflects the regulatory authorities' zero-tolerance stance towards "rat trading," as evidenced by similar recent cases where individuals faced significant penalties for using insider information [6][7]. - In May 2023, another individual was penalized for similar offenses, with a total fine of 4.26 million yuan for trading 76 stocks based on non-public information [7]. - The legal framework for punishing "rat trading" has become clearer, with both profits and losses from illegal activities being considered in the determination of penalties [8]. Group 3: Li Dan's Background - Li Dan has a long career in the fund industry, having joined Guoshou Anbao Fund in December 2013 and serving as a fund manager for several products, including the Guoshou Anbao Core Industry Flexible Allocation Mixed Fund [5]. - During her tenure, Li Dan's performance was subpar, with a return of -7.77% over more than eight years, ranking her 716 out of 789 in her category [5].

Group 1 - The core issue revolves around a case of insider trading involving former fund manager Li Dan, who was fined 600,000 yuan by the Tianjin Securities Regulatory Bureau for controlling another person's securities account to conduct trades based on undisclosed information related to the fund [1][2] - Li Dan was employed at a fund management company from December 9, 2013, and served as a fund manager from February 3, 2016, until February 8, 2024, during which he was privy to confidential investment decisions and trading information [2][3] - The investigation revealed that from March 22, 2022, to February 8, 2024, Li Dan directed trades that mirrored the fund's transactions, resulting in a total of 41 stocks being bought in tandem, amounting to 33.12 million yuan, which represented 72.77% of the total trading amount, ultimately leading to losses [2] Group 2 - Li Dan's performance as a fund manager was notably poor, with a return rate of -7.77% from February 2016 to February 2024, ranking 716th out of 789 similar products [3] - Following the administrative penalty, Li Dan had already stepped down from all management positions at the fund company by September 4, 2024, citing company needs and personnel configuration as reasons for his departure [4] - The fund company has stated that the actions leading to the penalty were personal to Li Dan and emphasized its commitment to enhancing compliance culture and protecting the interests of its investors [4]

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].