The penalty decision shows that, on the morning of June 2, 2017, FENDA Technology intends to disclose in the Shenzhen Stock Exchange the proposal on the chairman’s proposal to raise the number of employees, but the assistant to the securities department Luo Moubin will not be able to meet before 8:00. The information to be disclosed is submitted to the exchange (the submission deadline of the exchange's information disclosure system is 8 in the morning), which has caused the information not to be officially disclosed. During the period, Luo Moubin inadvertently forfeited the “Issued Overdue Notice” to the ban Room copying machine.
At 8:05, when Ren Wenwen, an engineer at Fenda Technology Marketing Department, and Yang Xiaotao, a clerk at the sales and technical center, came to copy the materials in the company's printing room, they saw the “proposal notice” that Luo Mobin had forgotten on the copying machine. Xiao Tao photographed the document on the phone on the spot. At 10 o'clock, Yang Xiaotao sent his photographs of the “Proposal Notice” to his WeChat circle of friends. At 10:31, a picture of Yang Xiaotao’s “Circular of Proposal” in the circle of friends. Was sent to the name of the "electrical sales technology department," the WeChat group, Fen Da Technology, deputy manager of Electrical Products Technology Department Lin Li in the WeChat group to see the information.
During the lunch break at noon, FENDA Technology officially disclosed the Notice of Proposal to the public and received information from CN Data at 11:45 that the information was successfully disclosed.
It is worth mentioning that, at 11:04 that day, Lin Li saw Zhong Wenwen's picture of the "proposal notice" forwarded and transferred 800,000 yuan of funds to his own securities account; from 11:05 to 07, he bought it. 'Fengda Technology' 69,000 shares, bought a turnover of 806,600 yuan, and sold on June 7, 2017 and August 14, 2017 respectively, and made a profit of 106,700 yuan.
The Hainan Securities Regulatory Bureau believes that Yang Xiaotao's act of taking photos of the "Proposal Notice" and sending it to the WeChat circle of friends constitutes an act of disclosure of insider information. Lin Lin uses the inside information of the "Proposal Bulletin" to trade through his own securities account. Technology's stocks constitute the conduct of insider trading.
According to the Hainan Securities Regulatory Bureau, according to the facts, nature, circumstances, and degree of social harm of the above party's illegal activities, it was decided to impose a fine of 30,000 yuan on Yang Xiaotao’s disclosure of insider information. Confiscation of the illegal proceeds of Lin Li’s insider trading amounted to 106,700 yuan and the sale of 106,700 yuan. Double the fine.