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% | ...

8月18日，中国证券监督管理委员会天津监管局发布了一则行政处罚决定书，当事人李丹因知悉相关基 金未公开信息、利用未公开信息从事相关交易活动等，被监管处以60万元的罚款。 对照监管局披露的公开信息，李丹或为国寿安保基金前基金经理。对此，国寿安保基金方面回应贝壳财 经记者称："该名前员工所涉及行政处罚的相关事项，系其个人行为。下一步，公司将持续推进合规文 化建设。" 被罚基金经理或曾在国寿安保任职 行政处罚决定书显示，2013年12月9日，李丹入职某基金管理有限公司。2016年2月3日至2024年2月8 日，李丹担任某基金的基金经理，负责该基金具体投资运作。 对照来看，李丹或为国寿安保基金前基金经理。Wind数据显示，2016年2月3日至2024年2月8日，正是 李丹担任国寿安保核心产业基金经理的时间。尽管任职时间不短，但该只基金的任职回报却为负值， 为-7.77%。 行政处罚决定书称，上述违法事实，有公司情况说明、基金交易资料、相关人员询问笔录、微信聊天记 录、证券账户资料、银行交易流水、交易所计算数据等证据，足以证明。 李丹在书面材料中提出涉案期间部分趋同股票并非其授意下的交易、造成趋同具有合理原因、资金没有 ...

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 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].