Star Science and technology violation of the punishment is weak to be suspected insider trading

Star technology executives are now more than tens of thousands of suspected insider trading with the three quarterly reports of the company, listed company executives illegal transactions are again "as scheduled." Following the day before the south wind and Dongyuan to disclose senior executives of illegal trading, star technology today also announced that its executives illegal transactions.　　And tens of thousands of dollars in the illegal transaction amount is the same three quarters of the highest amount of similar violations.　　Senior executives are more than tens of thousands of penalties to punish the weak focus on November 9, the Star Science and Technology Bulletin said, the company's board of Supervisors chairman Tan and vice chairman, General Manager Gioya from September 30, 2010 to October 8, 2010 during the reduction of the company part of the stock, there are illegal trading of the company's stock behavior. The Chairman of the Board of Supervisors Tan on September 30, 2010 through the Shenzhen Stock Exchange trading system to reduce its holdings of the company's 80000 shares, accounting for 0.03% of the total capital stock, the average price of 22.14 yuan/shares; Vice Chairman, General Manager Gioya in October 2010 8　　Japan through the Shenzhen Stock Exchange trading system to reduce its holdings of the company's 370000 shares, accounting for the total share of the company's 0.14%, the average price of 22.59 yuan/share. After the reporter calculates, the supervisory board chairman Tan through this illegal transaction total set is now 1.7712 million yuan, and general manager Gioya's amount is Tan 5 times times, has reached 8.3583 million yuan, the two total sets now 10.1295 million yuan.　　Among them, Gioya 8.3583 million yuan of the amount of cash is a rare large number of illegal transactions. But the penalties for these two big deals are nowhere. According to the announcement, Tan, Gioya voluntarily to the illegal trading company stock transaction amount of 10% surrendered to the company, the amount is 177120 yuan, 835830 yuan respectively.　　Company for Tan, Gioya illegal trading company stock behavior to make serious warning punishment, and respectively for its 80000 yuan, 370000 yuan economic penalties. In other words, even if the two people voluntarily 认罚 more than 1 million yuan, the company for the two illegal executives of the penalty amount is not the amount of cash and 15%. If only the part of the company penalty, it is less than 5% of the total amount of cash.　　Such a large amount of cash and the intensity of such a slight punishment, in the major listed companies are also rare.　　A similar situation in the past the South wind shares and Dongyuan electronics, for example, the south wind will violate the director of this transaction all the profits of the company all, Dongyuan electrical appliances will be more than 5% shareholders in Nantong Investment Management Co. Beijing asked Tian law firm, the director of the partner Zhangyuanzhong lawyer told reporters: "The low cost of non-compliance has been an executive window of the reason for illegal transactions, and star technology such penalties will undoubtedly encourage the situation to happen again." "The lawyer saidOr suspected insider trading suggested that the supervision of the two companies with the first comparison, is made a mistake, but from the attitude of the company to look at the degree of recognition is significantly different. This also exposes some of the problems of Star technology management.　　and Tan, Gioya as a company veteran, the price of their acquisition of shares in the year should be very low, so the company only punished more than 1 million yuan obviously not to confiscate all its income standards. According to the reporter understand, in order to prevent the listed company executives of illegal transactions, "securities law", "Company Law" and "listed companies directors, supervisors and senior management of the company's shares and their changes in management rules" (hereinafter referred to as the "rules") have made relevant provisions. As stipulated in article 47th of the Securities Act, the directors, supervisors and senior managers of a listed company shall sell the shares of the company within six months after the purchase, or within six months after the sale, the proceeds shall be owned by the company and the Board of Directors of the company should recover the proceeds. The rules stipulate, "during the period of 30th before the announcement of the periodical report of the listed company, the performance notice, the Performance Express announcement and the date of 10th, as well as the day when the important matter which may have a significant impact on the stock exchange price of the company or in the decision-making process, to the 2 trading days after the disclosure　　Executives of listed companies may not buy or sell shares in the company. In this respect, Zhangyuanzhong lawyer told reporters: "Can not because the star technology two senior executives set the amount of money, on the reduction of punishment standards, all confiscated will be confiscated." And, there is such a large amount of irregularities, there is likely to be insider trading, the recommendation of the Office of Serious investigation and punishment. "and Tan, Gioya as the company's core of the two senior executives both violate the rules, it does make people confused, the company's announcement did not have the two executives of the reasons for the violation of any explanation." At the same time, the chairman of the company's Board of Supervisors and deputy general manager work so "unreliable", it is inevitable that people to the company's top management generates a glimmer of distrust. According to the three quarterly reports, star Technology in the first three quarters of the total operating income of 1.364 billion yuan, an increase of 53.89%, but the ownership of the listed company shareholders of the net profit fell 18.06%, to 56.3766 million yuan.