Another employee of CITIC Securities was punished by the China Securities Regulatory Bureau for illegal stock trading. Recently, the Guangdong Securities Regulatory Bureau announced an administrative penalty decision. For Yao Mouyu, an employee of CITIC Securities, who illegally

Hexun.com News Another CITIC Securities employee was punished by the China Securities Regulatory Bureau for illegal stock trading. Recently, the Guangdong Securities Regulatory Bureau announced an administrative penalty decision. For CITIC Securities employee Yao Mouyu’s illegal stock trading, the illegal income of 185,100 yuan was confiscated and fined. Double the fine.

It was found that Yao Mouyu had the following illegal facts:

From February 23, 2012 to November 30, 2017 (the date of investigation), Yao Mouyu worked at CITIC Securities Co., Ltd. and was a securities practitioner.

From March 4, 2014 to June 30, 2016, Yao Mouyu decided and operated the "Tong Mouying" securities account to buy and sell stocks, and the account profit was 185,100 yuan. During the investigation, Yao Mouyu was able to actively cooperate with the investigation.

The Guangdong Securities Regulatory Bureau pointed out that Yao Mouyu's above-mentioned behavior violated the provisions of Article 43 of the " Securities Law" and constituted "participation prohibited by laws and administrative regulations" as mentioned in Article 199 of the "Securities Law" Stock trading personnel hold, buy and sell stocks directly or under pseudonyms or in the names of others." The party involved in

proposed that during the transaction involved, both he and Tong Mouying operated the account, and requested that the matter be handled accordingly.

Based on the facts, nature, circumstances and degree of social harm of the parties’ illegal acts, and in accordance with the provisions of Article 199 of the Securities Law, the Guangdong Securities Regulatory Bureau decided to confiscate Yao Mouyu’s illegal gains of 185,100 yuan and impose a fine of 185,100 yuan. The total amount of fines and confiscations mentioned above is 370,000 yuan.

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