Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Securities regulator hands out record high fine
Published on: 2017-04-01
Share to
User Rating: / 0
PoorBest 

040China's securities regulator slapped a 3.47 billion yuan fine on a company chairman for stock market manipulation, an all-time high for a fine.


Xian Yan, chairman of P2P Financial Information Service Co., formerly Shanghai Duolun Industry Co., will also be banned for life from trading on the Chinese securities market, according to the penalty decision announced by the China Securities Regulatory Commission on Thursday.


Xian was found guilty of fixing the stock price of his company via insider trading and reporting falsely to the stock market regulator from Jan. 17, 2014 to June 12, 2015, according to the CSRC.


The amount of the fine received by Xian approaches the total of fines handed out by the CSRC for all of last year, which stood at 4.28 billion yuan, showing the regulator's determination to rein in risky stock behavior.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.