The China Securities Regulatory Commission fined Zhao Yuanjun, the former general manager of Everbright Securities (HKG:6178, SHA:601788), for 4.6 million yuan on suspected insider trading, The Paper reported Sept. 15.
The regulator also imposed a 10-year ban from the securities market on Zhao, according to the report.
An administrative penalty decision showed that Zhao traded stocks of Jiangxi Xingxing Technology (SHE:300256)) when the company was undergoing a major asset organization prior to the public disclosure of said information, The Paper wrote.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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