63 people received fines
One person was transferred to the judicial organs
In order to thoroughly implement the spirit of the first financial work meeting, comprehensively strengthen financial supervision, and adhere to the supervision of "long teeth and thorns", recently, the China Securities Regulatory Commission organized inspection and law enforcement, and daily supervision forces focused on investigating and prosecuting violations of laws and regulations such as investment promotion and buying and selling by many practitioners, relying on criminal accountability, administrative punishment, administrative supervision measures, and internal accountability for three-dimensional punishment. Specifically:One isAdministrative penalties were imposed on 63 people, with a total fine of 81.73 million yuan, and 1 person was banned from entering the market for life. The second isOne person suspected of insider trading was transferred to the judicial authorities for handling. The third isAdministrative supervision measures were taken against 46 people, of which 3 people were to be identified as inappropriate persons, 5 people were given supervision talks, and 38 people were issued warning letters. Four areFor the investment promotion ** who has the management responsibility of the employees, the administrative supervision measures of ordering the increase in the number of compliance inspections will be adopted, and the administrative supervision measures of issuing a warning letter to the chairman of the company and the supervision talk of the two then compliance directors will be taken, and the investment promotion ** will be urged to initiate internal accountability, interview relevant violators, and implement full coverage of accountability. 
Construct a three-dimensional punishment mechanism of "one violation, everywhere restricted".
*Employees are not allowed to buy and sell** is the basic requirement of the ** Law. In recent years, the China Securities Regulatory Commission has severely cracked down on illegal trading by practitioners. According to reports, from 2019 to 2023, the China Securities Regulatory Commission investigated and handled a total of 67 cases of illegal activities by practitioners, imposed administrative penalties on 139 people, and strived to build a long-term mechanism of "dare not, cannot, and do not want to" violate the rules. The China Securities Regulatory Commission said that in the next step, the China Securities Regulatory Commission will adhere to systematic thinking, draw inferences from one example, continue to strengthen institutional supervision, behavior supervision, functional supervision, penetrating supervision, and continuous supervision, and cooperate with industry associations to continue to carry out the following work:The first is to improve the system and mechanism。Formulate a special rectification work plan to strictly crack down on violations of regulations by employees in accordance with the law, consolidate the main responsibility of the institution, urge the company to strengthen internal monitoring, self-inspection and self-correction and accountability mechanism, implement compliance management for all employees, and realize the integrated vertical management of all branches and employees, and each securities regulatory bureau will carry out special on-site inspections. Improve the rules for the management of employees' investment behavior, urge institutions to improve the internal control system for investment declaration, review, monitoring, punishment, etc., improve the investment behavior management mechanism, and further plug the loopholes in the supervision system and implementation of the first practitioners. The second is to strengthen supervision and law enforcement。"Crack down on violations", strictly hold accountable institutions with ineffective control, strengthen a three-dimensional punishment system for violators, build a punishment mechanism of "one violation, everywhere restricted", strengthen the notification and warning of violations, and carry out special governance actions. The third is to continue to purify the industry ecology。Adhere to the "two combinations", carry out in-depth comprehensive management of industry culture construction, and urge institutions to effectively achieve "not exceeding the bottom line, not seeking profit, not rushing for quick success, not detaching from reality to virtuality, and not acting recklessly", and adhere to honesty and trustworthiness, righteousness and profit, prudence, integrity and innovation, and compliance with laws and regulations. Improve the basic norms and codes of conduct for practitioners, establish and complete a system of classified lists of practitioners and mechanisms for managing professional reputation, and accelerate the formation of an atmosphere of "strict" management of practitioners. Everybody is watching
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**: Financial Times client.Reporter: Yang Yi.
Editor: Yunyang.
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