又一起基金"老鼠仓"被曝光。 8月18日，中国证券监督管理委员会天津监管局发布行政处罚决定书。该处罚决定书显示，原基金经理李丹于2022年3月22日至2024年2月8日期间，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。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。 简单点说，李丹在将近两年多时间里，控制他人证券账户，趋同交易3300多万元，但是最终并未盈利，而是落得个亏损的局面。 另外，据该行政处罚决定书公布的信息，李丹在2016年2月3日至2024年2月8日，担任某基金基金经理。经该信息印证可知，李丹为国寿安保基金管理有 限公司原基金经理。 | 产品名称 | 投资类型 | 任职日期 | 离任日期 | 任肥回报 | 年化回报 | 回报排名 | 合计规模(亿元) | | --- | --- | --- | --- | --- | --- | --- | --- | | 国寿安保稳信A | : 偏债混合空 | 2019-01-09 | 2024-09-04 | 23.87% | 3.86% | ...

Core Viewpoint - A fund manager named Li Dan was fined 600,000 yuan for engaging in "rat trading," which involved trading activities related to undisclosed information from the fund, resulting in significant losses [2][3][4]. Group 1: Regulatory Actions - The Tianjin Securities Regulatory Bureau issued an administrative penalty against Li Dan for her involvement in illegal trading activities, which included a total investment of over 33 million yuan in 41 stocks, with a loss incurred [3][6]. - Li Dan's actions were deemed a violation of the Fund Law, specifically regarding the misuse of undisclosed information for personal gain [3][6]. Group 2: Company Response - Guoshou Anbao Fund stated that the actions of Li Dan were personal and not representative of the company's practices, emphasizing their commitment to compliance and high-quality development [2][5]. - The company plans to enhance its compliance culture and continue to protect the interests of its investors [5]. Group 3: Industry Context - "Rat trading" is defined as the practice where fund managers use their position to trade on non-public information, undermining market fairness [6]. - Regulatory bodies have been intensifying efforts to combat illegal activities in the capital market, including various forms of "rat trading" [6][7].

Core Viewpoint - The article discusses a recent case of insider trading in the fund industry, highlighting the penalties imposed on a fund manager for engaging in illegal trading activities using non-public information [3][8]. Summary by Sections Case Details - The Tianjin Securities Regulatory Bureau imposed a fine of 600,000 yuan on a fund manager named Li Dan for conducting transactions based on undisclosed information from March 22, 2022, to February 8, 2024, with a total investment amount of 33.12 million yuan [3][8]. - Li Dan's actions involved trading 41 stocks, with 74.55% of the trades being in line with the fund's undisclosed information, resulting in a total investment amount that accounted for 72.77% of the fund's transactions [7][8]. Background of the Fund Manager - Li Dan, an 80s-born female fund manager, worked for a fund management company since December 2013 and managed a specific fund from February 2016 until her departure in February 2024 [7][10]. - The fund she managed, known as Guoshou Anbao Core Industry, had a return of -7.7% over her management period, ranking 716th out of 789 similar products [11]. Regulatory Environment - The article notes that the China Securities Regulatory Commission has maintained a strict stance against illegal activities in the fund industry, continuously investigating and penalizing such cases [12]. - Recent legal clarifications have been made regarding the definitions and penalties associated with insider trading, aiming to strengthen regulations against such misconduct [12]. Industry Implications - The case raises questions about why fund professionals risk their careers for illegal gains, with some attributing it to a lack of legal awareness and a sense of invulnerability among certain individuals [13]. - The fund industry operates under a "zero tolerance" policy for compliance violations, meaning that such penalties can severely impact a fund manager's career prospects [13].

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].

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 case of a fund manager engaging in insider trading has been revealed, leading to a fine imposed by the Tianjin Securities Regulatory Bureau for the manager's actions involving undisclosed information [1][3]. Group 1: Case Details - The fund manager, identified as Li Dan, was penalized for conducting transactions based on undisclosed information from March 22, 2022, to February 8, 2024, with a total of 33.12 million yuan involved in trades [2]. - Li Dan's transactions included 41 stocks, with a trading volume that accounted for 74.55% of the stocks traded by the fund, and the total amount represented 72.77% of the fund's trading activities [2]. - The transactions ultimately resulted in losses, despite Li Dan's attempts to justify her actions during the regulatory investigation [2][3]. Group 2: Regulatory Response - The Tianjin Securities Regulatory Bureau confirmed the violations of the Fund Law and imposed a fine of 600,000 yuan on Li Dan [3]. - The regulatory body has been actively pursuing violations in the fund industry, indicating a stringent approach to enforcing compliance and addressing insider trading [6]. Group 3: Industry Context - The fund industry has seen a rise in regulatory scrutiny, with multiple cases being investigated to uphold market integrity and protect investors [6]. - There is a growing concern among industry insiders regarding the motivations behind such violations, including a lack of legal awareness and a tendency to take risks for short-term gains [7]. - The repercussions of such violations are severe, as they can permanently damage a fund manager's career and reputation within the asset management industry [7].