Individual Zhang Jian engaged in insider trading and made a profit of over 50,000 yuan. The China Securities Regulatory Commission confiscated the profits and fined him 1.5 million yuan.
The China Securities Regulatory Commission issued an administrative penalty decision on November 9, 2023, and the related company issued a major asset restructuring announcement. On August 22, 2023, Zhang Jian learned of relevant insider information. From September 8, 2023, to the announcement date, Zhang Jian purchased shares of the related company through another person's securities account. After calculation, he made a total profit of 52,768.51 yuan. Zhang Jian's aforementioned actions constitute insider trading. Based on the facts, nature, circumstances, and degree of social harm of the illegal actions of the parties involved, the China Securities Regulatory Commission has decided to confiscate Zhang Jian's illegal gains of 52,768.51 yuan and impose a fine of 1,500,000 yuan.
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