10 fined for stock violations
Print Edition
CHINA’S securities watchdog yesterday said that it will fine 10 offenders involved in insider trading and spreading false information 100 million yuan (US$15.7 million).
In four cases, nine people were punished for profiting from stock trading based on insider information, and two of them were barred from the securities market for life, the China Securities Regulatory Commission said in a statement.
Another person was fined 200,000 yuan for releasing fabricated information online about a securities firm that called on customers to reduce stock holdings, which the CSRC said led to panic on the stock market.
The activities hurt investors’ legal interests, disrupted market order and misled investors, the CSRC said.
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