Changfang Lighting was fined for insider trading, and the vice president was suspected of leaking information

Due to suspicion of insider trading in Changfang Lighting stocks, the China Securities Regulatory Commission punished Wang Xiongying, a retail investor, and Deng Mouxian, vice president of Changfang Lighting, was involved.

The China Securities Regulatory Commission yesterday announced the "Administrative Penalty Decision" announcing Wang Xiongying's insider trading of Changfang Lighting stocks. According to the investigation, Wang Xiongying’s stock account purchased 66,500 shares of Changfang Lighting stock for the first time on July 18, 2012. This account was different from the account’s usual scattered and small purchases of other stocks, and the trading behavior was abnormal.

Based on the large amount of capital transactions between Wang Xiongying’s capital account and the capital account of Changfang Lighting Vice President Deng Mouxian, as well as the fact of multiple phone calls, it can be determined that Wang Xiongying has a close relationship with Deng Mouxian, an insider of insider information, and that Wang Xiongying illegally obtained inside information from Deng Mouxian.

In accordance with the provisions of the Securities Law, the China Securities Regulatory Commission decided to impose a fine of 300,000 yuan on Wang Xiongying; ordered Wang Xiongying to dispose of the illegally held Changfang Lighting stocks in accordance with the law within 7 trading days from the date of receiving the administrative penalty decision; and confiscate the illegal gains.