Recently, the Guangdong Supervision Bureau of the China Securities Regulatory Commission announced the "No. 1 fine" in 2024, and Xie Moudi, who was "born in the 50s", was fined 400,000 yuan for borrowing other people's accounts to engage in ** transactions.
Screenshot of the Guangdong Supervision Bureau of the China Securities Regulatory Commission.
On February 18, the Guangdong Supervision Bureau of the China Securities Regulatory Commission issued an administrative penalty decision showing that Xie Moudi, female, was born in January 195x. It was found that from December 18, 2020 to March 8, 2023, Xie Moudi borrowed the "Hu Mouqin" ** account to engage in ** transactions. From October 16, 2019 to March 28, 2023, Xie Moudi borrowed the ** account of "Zhang" to engage in ** transactions. From December 30, 2020 to March 27, 2023, Xie Moudi borrowed the account of "You Mouzhen" to engage in ** transactions. From June 1, 2020 to August 15, 2022, Xie Moudi borrowed the ** account of "Yao Mouming" to engage in ** transactions. From November 26, 2020 to May 26, 2021, Xie Moudi borrowed the ** account of "Zhao" to engage in ** transactions.
During the borrowing period, Xie Moudi agreed with the account provider to contribute capital at a ratio of one to two, and actually invested the transaction funds. According to statistics, the above-mentioned ** account has a total of 35 **transactions during the borrowing period7.7 billion yuan, including 49 billion yuan, pledged treasury bond repurchase transaction 308.7 billion yuan.
The Guangdong Supervision Bureau of the China Securities Regulatory Commission believes that Xie Moudi's behavior of borrowing another person's ** account to engage in ** trading violates the provisions of Article 58 of the "** Law" and constitutes the act of borrowing another person's ** account to engage in ** trading as described in Article 195 of the ** Law.
Xie Moudi argued that he and Hu Mouqin, Zhang, and You Mouzhen were cooperating in a business relationship, and the two parties contributed capital and shared according to the agreed proportion, and the account holder himself bore the losses, which was essentially different from borrowing another person's ** account to engage in ** transactions. In addition, he did not know and had never borrowed or operated the accounts of "Yao Mouming" and "Zhao Mouming".
The Guangdong Supervision Bureau of the China Securities Regulatory Commission believes that evidence such as the interrogation records, relevant agreements, funds in the accounts involved in the case, and hardware information of transactions and trading equipment are sufficient to prove that Xie Moudi actually controlled five accounts involved in the case, including "Hu Mouqin", and invested his own funds in the accounts involved in the case and traded, and the relevant acts constituted borrowing. At the same time, the owners of the accounts "Yao Mouming" and "Zhao Mouming", as well as the account borrowing intermediary Zhang Mou1, all identified that the account was introduced by Zhang Mou1 and lent to Xie Moudi for use. The Guangdong Supervision Bureau of the China Securities Regulatory Commission did not adopt Xie Moudi's defense opinions.
To sum up, the Guangdong Supervision Bureau of the China Securities Regulatory Commission decided to order Xie Moudi to make corrections, give a warning, and impose a fine of 400,000 yuan.
* *The Times, The Beijing News, China-Singapore Jingwei.
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Editor-in-chief: He Xiaoyu.
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