日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Companies

Appeal of ex-Everbright Securities executive rejected

By Cai Xiao (chinadaily.com.cn) Updated: 2014-12-26 13:58

Appeal of ex-Everbright Securities executive rejected

Yang Jianbo, former Everbright Securities executive, is suing the China Securities Regulatory Commission after it fined and banned him for life last year from the securities industry for insider trading. [Photo/Xinhua]

The Beijing No 1 Intermediate People's Court on Friday rebutted the appeal of a former Everbright Securities executive against the China Securities Regulatory Commission.

The court said if a party is dissatisfied with the decision, it may have the decision reviewed in the Beijing High People's Court.

Yang Jianbo, former general manager of the strategic transaction department of the Chinese brokerage firm, sued the commission in April at the Beijing No 1 Intermediate People's Court after CSRC fined and banned him for life last year from the securities industry for insider trading.

According to Yang's indictment paper, at 11:05 am last Aug 16, due to a flaw in trading software, Everbright mistakenly placed 23.4 billion yuan ($3.84 billion) worth of purchase orders for 180 ETFs, of which 7.27 billion yuan were concluded.

Yang reported to the CSRC Shanghai branch and the Shanghai Stock Exchange after the incident and later asked traders to short sell index futures and ETFs to hedge risks, according to instructions from Everbright Securities, the indictment paper said.

The abnormal trading last Aug 16 caused the benchmark Shanghai Composite Index to jump 5.96 percent in about three minutes, with a large number of purchase orders sent from Everbright Securities' account.

Based on the Securities Law and a futures trading rule, the CSRC can confirm that Everbright Securities' behavior is insider trading, a CRSC agent told the court on April 3.

According to the agent, a flawed operation by Everbright Securities had a big influence on the stock market, but the information was not made public for a long time, so it can be identified as insider information.

The CSRC launched an investigation on Aug 18 into the incident. On Aug 31, the commission made a preliminary determination of penalties and individual bans. The CSRC finalized its ruling after hearing Everbright's response.

The CSRC announced on Nov 15 formal penalties for insider trading, levying a fine of 523 million yuan and banning four Everbright managers, including Yang, from the nation's financial markets for life.

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲一区免费在线观看 | 免费一级毛片在线播放欧美 | 国产在线网| 国产亚洲精品久久无亚洲 | 中文字幕亚洲图片 | 老子午夜影院 | 国产一区二区不卡 | 奇米777在线观看 | 毛片精品 | 日韩高清在线亚洲专区vr | 久久一区二区三区四区 | 人人狠狠综合88综合久久 | 波多久久夜色精品国产 | 日韩精品在线一区 | 欧美日韩一区二区三区免费视频 | 欧美精品一区二区在线观看 | 久久免费视频在线 | 2019国产精品 | 久久亚洲欧美日韩精品专区 | 亚洲天堂视频在线免费观看 | 777奇米视频 | 欧美精品1区2区 | 操一操| 欧美精品一区在线发布 | 黄色免费av | 国产精品综合网 | 精品一区二区久久久久久久网站 | 亚洲一区在线日韩在线深爱 | 日韩欧美综合在线二区三区 | 日韩手机在线 | 亚洲精品在线不卡 | 日韩午夜伦y4480私人影院 | 成人久久18免费软件 | 成人免费网址在线 | 成人网在线观看 | 亚洲视频在线观看网站 | 在线观看国产情趣免费视频 | 三a级片 | 久久99精品久久久久久 | 99精品国产一区二区青青牛奶 | 天天影院成人免费观看 |