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Insider trading was traced to the BDO two retail fined

The Commission recently released the administrative penalty decision, the parties for insider trading be punished accordingly.

According to the administrative punishment decision letter published by the SFC, retail Zhang Yan and Zhu Jihua because of "precision Cairu Elec-Tech" and constitute insider trading. In December 10, 2012, Zhu Jihua open a securities trading account, before the opening of accounts, nor traded shares to her use of a lot of money to buy a single Elec-Tech stock, respectively in December 10, 2012, 11 days and 18 days to buy 254370 shares, 103900 shares of BDO run, 195600 shares, the cumulative buying 525030 shares, turnover of 3597634 yuan, and several times to sell the stock, as of June 11, 2014, Zhu Jihua account Elec-Tech shares have been sold, the actual profit 197148 yuan.

While Zhang Yan is using his son "double one" accounts in December 10, 2012 to buy 149500 shares of Elec-Tech, and again in December 18th to buy 29200 shares, the cumulative buying 178700 shares, turnover 1209078 yuan, as of June 11, 2014, the "double one" Elec-Tech stocks have sold all accounts, the actual profit 88494 yuan.

Commission decided to confiscate the illegal income of 197148 yuan Zhu Jihua, and impose a fine of $197148; confiscation of illegal income Zhang Yuan 88494 yuan, and impose a fine of $88494.

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