Recently in Liaoning, a futures company investment assistant manager named Niu utilized undisclosed information known through his position to conduct transactions, engaging in insider trading activities. Niu accumulated purchases totaling nearly 40 million yuan, and profited over 750,000 yuan through these transactions.
According to a report by the Securities Times on May 29th, Liaoning Securities Regulatory Bureau issued an administrative penalty regarding this case. Niu, working as an investment assistant manager at a futures company, gained access to undisclosed information on 32 products through his position. He then used someone else’s account to trade based on this information, resulting in total purchases of 39.2083 million yuan and profits of 0.7514 million yuan from these transactions.
Niu is under investigation for his actions of trading using undisclosed information. The case has now been investigated and concluded.
Born in 1994, Niu served as an investment assistant manager at a certain futures company from June 2022 to July 2024, responsible for assisting the investment manager in managing the investment of 32 asset management products, having access to undisclosed information on these 32 products through his position.
Niu traded stocks using undisclosed information. From June 2022 to August 2023, Niu contacted someone named Shi, providing information on stock names, prices, quantities, etc., for Shi to operate his securities account and carry out stock transactions. The trading decisions were made by Niu, the trading funds were provided by Niu, and the profits belonged to Niu. During this period, Shi’s securities account purchased 63 stocks from the aforementioned 32 products in a trend-following manner, accounting for 98.43% of the purchases, totaling 18.751 million yuan in purchases, representing 97.25% of the total, with a combined profit of 0.285 million yuan from these transactions.
Niu used securities accounts under the names “Shi” and “He” to trade based on undisclosed information, purchasing a total of 75 stocks in a trend-following manner, accounting for 98.68% of the purchases, totaling 39.2083 million yuan in purchases, representing 98.67% of the total, and generating a profit of 0.7514 million yuan from these transactions. (Funds were provided by Niu, and profits belonged to Niu.)
The Liaoning Securities Regulatory Bureau stated that Niu voluntarily provided relevant evidence, did not dispute the illegal facts, and signed a “Confession and Penalty Agreement.”
The Liaoning Securities Regulatory Bureau decided to confiscate Niu’s illegal gains of 0.7514 million yuan from trading with undisclosed information and imposed a fine of 0.7514 million yuan on him.