Lates News

On May 30, Anhui Securities Regulatory Bureau and Jilin Securities Regulatory Bureau simultaneously disclosed penalties. Two senior IT professionals from securities firms received severe punishment for violating trading rules. Anhui Securities Regulatory Bureau's penalty showed that Li Haipeng, former Senior Manager of Information Technology Center at CITIC Securities, was fined 213.14 million yuan and had his illegal gains of 213.14 million yuan confiscated for insider trading. Jilin Securities Regulatory Bureau confiscated illegal gains of 193,900 yuan and fined 581,800 yuan to Shao for insider trading with undisclosed information. Shao, as a securities practitioner, was ordered to dispose of illegally held stocks and fined 300,000 yuan for trading stocks illegally. The total amount of the above two fines is 881,800 yuan.