Borrow 750000 for insider trading! The profit was only 7600 yuan and he was fined 100000 yuan

category:Finance
 Borrow 750000 for insider trading! The profit was only 7600 yuan and he was fined 100000 yuan


The formation and disclosure process of inside information

According to the decision on administrative punishment ([2020] No. 11) disclosed on the website of Zhejiang Securities Regulatory Bureau on June 19, Ningbo Bowei alloy materials Co., Ltd. (hereinafter referred to as Bowei alloy) has successively received consultation calls from investors, suggesting that Ningbo bode High Tech Co., Ltd. (hereinafter referred to as Bowei group) controlled by the controlling shareholder of Bowei Group Co., Ltd. (hereinafter referred to as Bowei group) has Ltd. (hereinafter referred to as bode high tech) merged into the listed Bowei alloy, focusing on making a listed company bigger and stronger, and improving the stock price of Bowei alloy. Wang xsheng, the companys secretary of the board of directors, summarized these situations every month and reported to Xie, the actual controller and chairman of the company, at the regular investment meeting of Bowei alloy.

In early September 2018, Zhang Yijun, director of Bode technology and director of Human Resources Department of Bowei alloy, proposed that, in view of the uncertainty of the independent listing of Bode High Tech Co., Ltd., it is more appropriate to put bode technology into bower alloy from the perspective of employee interests. Xie asked Zhang for advice on the initial idea of Bowei alloys acquisition of Bode high tech. Zhang said it was more appropriate to consider from the perspective of personnel integration, company development and employee interests. Xie asked Zhang to keep the contents of the conversation confidential.

On October 29, 2018, Bowei alloy held an interim Board of directors to inform the participants of the intention, reason and purpose of the acquisition, and provided the acquisition plan and other materials. After the meeting, Fu called representatives of intermediary institutions to the listed company, informed the relevant acquisition matters and asked them to arrange personnel to enter the market. On October 30, 2018, Bowei alloy released the notice on planning major issues to disclose the above acquisition matters.

The information that Bowei alloy intends to issue shares to purchase 100% equity of Bode Hi Tech Co., Ltd. belongs to the companys major investment behavior and major decision to purchase property mentioned in Item 2, Article 67 of the securities law of 2005. Before being disclosed, it constitutes the inside information mentioned in Item 1, paragraph 2, Article 75 of the securities law of 2005. The formation time of inside information shall not be later than September 10, 2018, and shall be disclosed on October 30, 2018. Zhang is an insider of the military departments inside information.

Ren and Zhang, the insider, both work on the 8th floor of Bowei alloy office building. Both of them belong to the human resources department. Zhang is the superior of Ren. The source of insider trading funds of Ren is the loan from the group guaranteed by Zhang. At 9:43 p.m. on October 25, 2018, Ren and Zhang had a 53 second call record.

Ren made an insider trading of 47400 shares of Bowei alloy and made a profit of more than 7600 yuan

Ren applied for a loan of 750000 yuan to Bowei group on October 23, 2018 on the ground of borrowing to buy a house, which was guaranteed by Zhang. On October 24, Xie was approved, and Bowei group transferred 750000 yuan to the tripartite deposit account of Rens Bank of China. On October 26, the 750000 yuan silver certificate was transferred into the securities account. On the same day, the securities account of Ren purchased 47400 shares of Bowei alloy, with a transaction amount of 307422 yuan, and a profit of 7689.62 yuan after calculation.

According to the regulatory authorities, Ren opened a securities account on September 14, 2018, borrowed 750000 yuan from Bowei group on October 23, received the money in account on October 24, contacted insiders on October 25, bought shares of Bowei alloy on October 26, and the whole process of opening an account, raising funds and buying stocks occurred in the period of insider information sensitivity, and renmou securities During the sensitive period of insider information, the account only trades one stock of Bowei alloy, which has the characteristics of new account opening and centralized trading.

The above-mentioned illegal facts can be confirmed by relevant announcements, records of inquiries by the parties concerned, information of securities accounts, transaction records, bank statements, etc.

During the sensitive period of insider information, Ren contacted the insider of insider information and engaged in the securities trading related to the insider information, and his securities trading behavior was obviously abnormal, and Ren could not make reasonable explanation or provide evidence to exclude his use of insider information to engage in relevant securities trading activities. Rens above-mentioned behaviors violate the provisions of Article 73 and paragraph 1 of Article 76 of the securities law of 2005, and constitute the insider trading activities mentioned in article 202 of the securities law of 2005. According to the fact, nature, plot and social harm degree of the partys illegal behavior, and according to the provisions of article 202 of the securities law of 2005, Zhejiang securities regulatory bureau decided to order Ren to dispose of the illegally held shares according to law, confiscate the illegal income of 7689.62 yuan and impose a fine of 100000 yuan. Extended reading official: grain harvest has become a foregone conclusion, production is expected to reach the best level in history, credit card players rush to fly at heart: Crazy delay insurance, a flight to earn 8000 Wei to plan self-developed chip! Li Bin is actively promoting the establishment of an independent team_ NF4368

During the sensitive period of insider information, Ren contacted the insider of insider information and engaged in the securities trading related to the insider information, and his securities trading behavior was obviously abnormal, and Ren could not make reasonable explanation or provide evidence to exclude his use of insider information to engage in relevant securities trading activities. Rens above-mentioned behaviors violate the provisions of Article 73 and paragraph 1 of Article 76 of the securities law of 2005, and constitute the insider trading activities mentioned in article 202 of the securities law of 2005.

According to the fact, nature, plot and social harm degree of the partys illegal behavior, and according to the provisions of article 202 of the securities law of 2005, Zhejiang securities regulatory bureau decided to order Ren to dispose of the illegally held shares according to law, confiscate the illegal income of 7689.62 yuan and impose a fine of 100000 yuan.