Jail for insider trading
By Ye Zhen |
March 29, 2013, Friday
|
Print Edition
Print Edition
A former fund manager was sentenced to three years in jail for insider trading, the Shanghai No.1 Intermediate People's Court said yesterday.
Zheng Tuo, formerly with the Bank of Communications Schroders Fund Management Co, was also fined 6 million yuan (US$967,742) for profiting by using the company information before official disclosure.
Zheng traded 11 stocks worth 46 million yuan from February to August 2009 under the accounts of his ex-wife and former sister-in-law. He made an illicit profit of 12 million yuan, the court said.
Xia Weihong, Zheng's ex-wife, got a two-year suspended jail sentence and was also fined 6 million yuan.
Zheng Tuo, formerly with the Bank of Communications Schroders Fund Management Co, was also fined 6 million yuan (US$967,742) for profiting by using the company information before official disclosure.
Zheng traded 11 stocks worth 46 million yuan from February to August 2009 under the accounts of his ex-wife and former sister-in-law. He made an illicit profit of 12 million yuan, the court said.
Xia Weihong, Zheng's ex-wife, got a two-year suspended jail sentence and was also fined 6 million yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
