Natural person Huang Ke engaged in insider trading and profited 318,000 yuan. He was confiscated by the Securities Regulatory Commission and fined 1.5 million yuan.
The China Securities Regulatory Commission (CSRC) issued an administrative penalty decision, conducting an investigation into insider trading activities by Huang Ke. It was found that Huang Ke had violated the following laws: On June 13, 2022, the relevant company issued a trading suspension announcement regarding a major asset restructuring plan, stating their intention to acquire controlling rights of another company through issuing shares and paying cash. Huang Ke, upon learning of the insider information, traded the company's stock using someone else's securities account during the sensitive period of the insider information, profiting 317,802.44 yuan. Huang Ke's aforementioned actions constitute insider trading. The CSRC has decided to confiscate the illegal gains of 317,802.44 yuan from Huang Ke and impose a fine of 1.5 million yuan.
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