Senior executive fined for insider trading

As the saying goes, come out and mix sooner or later! Yue Fu Hua (000507, closing price 10.72 Yuan) today (September 1) issued a bulletin, opened a long dusty past. Two of the company's former executives were punished for insider trading 3 years ago.　　It also became a former executive of a listed company that was severely punished for insider trading after SSE decided seven measures to crack down on insider trading. Move your gaze to June 14, 2007. At that time, Yue Fu Wah announced shares of Enterprises Guang Zhu Power Generation Liability Co., Ltd. (hereinafter referred to as Guang Zhu Company) to implement the 680 million-yuan dividend scheme, and announced that the investment income of 123 million yuan, so that the company's first half of 2007 performance 650%~700%. And in the good news before the public, when the company's vice president of the Li Teng operation of his father's securities account on June 12, 2007 to buy more than 30,000 shares of Yue Fu Hua, and in the dividend plan announced the day of sale.　　Huangwen, another company employee, operated his sister's account from June 1 to 14th, buying and selling 30,900 shares of Yue Fu Wah. "Daily economic news" reporter found that when the company vice president of the Li Teng operation is quite accurate, after his June 12, 2007 buy, Yue Fu Hua in the next day immediately trading, and its after the sale, the share price immediately began to plunge, he also profited 69,400 yuan.　　In contrast, the same learned insider news Huangwen seems to have some profit-making, starting from June 1 on the illegal trading, but encountered a two-day slump, although the sale of shares and Li Teng close, but the profit amount is only 48,800 yuan. Finally, after investigation, the SFC concluded that Li Teng and Huangwen know about the insider information of the Foreign investment dividend scheme of Yue Fu Hua, and the operation of the relative accounts before the disclosure of insider information, which violates the relevant provisions of article No. 202 of the Securities Law and constitutes insider trading behavior. decided to confiscate the illegal income of Li Teng $69,400 and at a fine of $69,400.　　Similarly, the Huangwen 48,800 proceeds were confiscated and fined at the same amount. Industry insiders said that for 2001 to 2002 as the assistant general manager of Tsinghua Venture in Shenzhen, from 2002 to 2004 at Renmin University of China to learn Li Teng, there is no doubt that their own behavior violations, otherwise they will not operate their father's account to buy and sell stocks, in the SFC investigation, trial, There is no request for representation, defence or hearing. It is worth mentioning that after the incident, the former vice president of the company's senior executives also sadly resigned.