Pi Haizhou: What Is Lacking In Insider Trading Warning Exhibition?

It should be said that in dealing with and cracking down on insider trading, the SFC has done a lot of work in recent years and has made some achievements. Nevertheless, at present, insider trading cases in the A share market are still at a high level, and the prevention and control situation is still grim. It is also for this reason that President Xiao Gang, when attending the "insider trading warning education exhibition", pointed out that the SFC should continue to increase investment in personnel and technology, and further enhance the ability to detect insider trading, manipulate the market and fraudulently issue various securities, so as to effectively strike a precise attack on all kinds of securities crimes.

Following the successful launch of the insider trading warning education exhibition sponsored by the China Securities Regulatory Commission, the Ministry of public security and the SASAC, the national tour has been unveiled recently. The exhibition will be held in Shanghai, Guangdong, Shenzhen, Xiamen, Lanzhou and Dalian. And from November 3rd onwards, the SFC website, Shenzhen Stock Exchange website, China Securities Association website, China Futures Industry Association website, China Listed Companies Association website and China Securities Investment Fund Industry Association website also launched the network exhibition synchronously.

It is necessary to carry out insider trading warning education. After all, insider trading has become one of the most important securities crimes in the A share market, and there are more and more crimes involving insider trading. In recent years, the number of insider trading has been increasing year by year by the SFC. In 2012 and 2013, the number of filing cases of insider trading was 70 and 86 respectively, compared with 46% and 79% respectively in 2011, and 31 and 66 respectively in 2012 and 2013 due to insider trading by the SFC, which increased 63% and 247% respectively compared with 2011.

It should be said that in dealing with and combating insider trading, SFC In recent years, a lot of work has been done and some achievements have been achieved. Nevertheless, at present, insider trading cases in the A share market are still at a high level, and the prevention and control situation is still grim. It is also for this reason that when Chairman Xiao Gang attended the insider trading warning education exhibition, he pointed out that the SFC should continuously increase investment in personnel and technology, and further improve the ability to detect insider trading, manipulate the market and fraudulent issuance, and effectively achieve all kinds of securities. Illegal crime The precise strike of behavior. We should conscientiously strengthen the supervision of listed companies, establish and improve the company's internal information management system, strengthen information disclosure, implement insider information registration management, standardize the controlling shareholders, actual controllers and listed company directors and supervisors. We should further strengthen the law enforcement cooperation mechanism between the SFC and the relevant departments, intensify the joint handling of cases, and always maintain a strict and high-pressure situation.

And from holding " Insider trading alert Education Exhibition "For the purpose of keeping the" hard hitting and high-pressure situation "of insider trading, it reminds the visitors to take the warning and stay away from insider trading, so that all parties can join in the action of combating and preventing insider trading, and build a tight and comprehensive insider trading comprehensive prevention and control system. Moreover, this exhibition has also systematically demonstrated the relevant regulations and knowledge of insider trading, and focused on the typical cases in recent two years, showing the achievements and determination of law enforcement in securities supervision. Because of this, the national tour inspector is called "alarm bell for insider trading" by public opinion. In fact, from the perspective of combating and preventing insider trading, the stock market should let this alarm bell ring.

It is still continuing. For example, the "Ma Le case", which was recently decided by the Guangdong provincial high court, is a typical example of "letting go lightly". As the largest "rat farm" in China so far, the amount of stock involved in the case is as high as 1 billion 50 million yuan, involving up to 76 stocks, making up to 18 million 830 thousand yuan, and committing a crime for up to 26 months. But this is the biggest case of "rat farm" in China. The final judgment is sentenced to three years' imprisonment, five years' probation and a fine of 18 million 840 thousand yuan. Such a judgment is no more than connivance to "rat farm". Therefore, the "Ma Le case" is enough to make the "insider trading warning education exhibition" the significance of the national tour to be greatly reduced.