Tianshan Textile Insider Trading 4 People Sentenced

In February 2010, the SFC set up an investigation on the suspected insider trading in the stock trading of Tianshan wool textile Limited by Share Ltd.

The specific circumstances are as follows:

2009, the Xinjiang Uygur Autonomous Region

In July 20, 2009, the special session of the regional government decided to reorganize Tianshan textile by Katie.

Katie, general manager of investment and Yao Rongjiang, deputy general manager of foreign investment, discussed the specific content of the reorganization plan and formulated the plan. In July 22nd, the relevant leaders of the autonomous region government agreed to the plan.

In July 23rd, Tianshan textile shares were suspended until June 18, 2010, after resumption.

The above reorganization matters belong to the insider information stipulated in the securities law.

On the morning of July 21st, Yao Rongjiang passed the above reorganization information.

In July 21st, Cao Ge told her friend Chen Xuesong by restructuring the information. Chen Xuesong bought 125 thousand shares of Tianshan textile stock through his account online in July 22nd, and the paction amount was 798 thousand yuan. In July 22nd, Cao Ge bought 87 thousand shares of Tianshan textile stock through online pactions, and the paction amount was 551 thousand yuan.

In accordance with the relevant laws and regulations of the case pfer, the SFC promptly pferred the case to the Ministry of public security. In July 2010, the public security department put the case on file for investigation, and the relevant suspects were taken detention, arrest and bail pending trial.

In December 2010, the procuratorate of Urumqi City filed a public prosecution against the intermediate court of the city.

In January 2011, the intermediate court of Urumqi made a first instance judgment, and sentenced all the suspects identified by the SFC to fixed-term imprisonment (probation) and other criminal penalties, and the total penalty was 10 million 800 thousand yuan.

All the defendants did not appeal, and the procuratorate did not protest.

The case is the first sentence in Xinjiang to take effect.